Dutch lender ING Group is looking for opportunities to buy rival banks in major European countries to boost its size, its chief executive told Reuters, potentially joining a wave of takeovers sweeping the region’s...
Monte dei Paschi launches $13.9 billion takeover bid for Mediobanca
State-backed Monte dei Paschi di Siena on Friday joined the consolidation wave sweeping Italian banking with a surprise 13.3 billion euro ($14 billion) all-share offer to buy merchant bank Mediobanca. The takeover...
Kotak Mahindra Bank acquires StanChart’s Rs 3,330-cr personal loan portfoilio
Kotak Mahindra Bank on Thursday said it has completed the acquisition of Rs 3,300 crore personal loan book of Standard Chartered Bank India following regulatory approvals. After having received the necessary regulatory...
Italian lender Monte dei Paschi explores deal for Mediobanca, Bloomberg News reports
Italian lender Monte dei Paschi (MPS) is considering a potential deal for investment bank Mediobanca, Bloomberg News reported on Thursday, citing people with knowledge of the matter. Mediobanca has a market value of...
IDBI selloff picks up pace as suitors get data access
IDBI Bank’s potential suitors have been granted confidential data access to carry out due diligence on the lender after a 12-month hiatus, during which their applications underwent government scrutiny, said people...
TransUnion buys out banks in Mexican credit bureau arm in $560 million deal
U.S. credit reporting agency TransUnion is buying a majority stake in its Mexican arm, it said on Thursday, buying out several major banks in a deal worth around $560 million. TransUnion’s stake in Trans Union de...
India plans to pare stakes in five state-run banks including UCO
India may allow lowering the government’s ownership in five state-run banks via stake sales or the lenders themselves selling shares to large investors that will help them meet minimum public holding norms, according a...
IBBI mandates eBKray auction platform to sell assets under liquidation
The Insolvency and Bankruptcy Board of India (IBBI) has mandated the exclusive use of the eBKray auction platform to sell assets under the liquidation process from April 1. The eBKray (now known as Bank Asset Auction...
Banca Ifis Bids for Illimity Amid Italian Consolidation Wave
Banca Ifis SpA, the Italian lender founded by the billionaire Furstenberg family, is offering to buy rival Illimity Bank SpA, the latest move in a flurry of consolidation activity in the country’s banking sector. The...
HDFC Bank gets RBI nod to pick up 9.5% stake in Kotak Bank, AU and Capital SFBs
India’s largest private sector lender HDFC Bank has received the Reserve Bank of India’s approval to pick up an aggregate stake of up to 9.5% in Kotak Mahindra Bank, AU Small Finance Bank and Capital Small...
BBVA gets approval to take over Sabadell’s Mexican businesses
BBVA said on Monday that Mexico’s competition authority had given its approval for the Spanish bank to take indirect control of Sabadell’s Mexican businesses. BBVA had already secured clearance from the...
Burmans’ Religare open offer to acquire additional stake gets Sebi nod
The Securities and Exchange Board of India (Sebi) has approved the Burman family’s proposed open offer to acquire an additional 26% stake in New Delhi-based Religare Enterprises (REL), sources familiar with the...
