Barclays has agreed to sell its stake in joint venture Entercard Group to partner Swedbank AB for an estimated 2.6 billion crowns ($273.2 million), the British lender said on Thursday. The sale continues Barclays’...
Jana Small Finance Bank set to merge investment and financial holding firms
Jana Small Finance Bank has initiated a process to merge its non-operative financial holding company into core investment company to create a leaner structure even as the bank is awaiting Reserve Bank of India’s...
RBI greenlights SMBC plan to buy up to 25% in Yes Bank
The Reserve Bank of India (RBI) has approved the application of Japanese giant Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to 24.99% in Yes Bank. The RBI has further clarified that SMBC would not be...
Mizuho, MUFG join race by Japan’s banks for money manager deals overseas
Japanese banks Mizuho and MUFG are targeting buying or partnering with overseas money managers, they told Reuters, joining other Japanese financial companies aiming for a larger share of the global investing market...
IDBI stake sale likely to be completed this fiscal: DIPAM secy
DIPAM Secretary Arunish Chawla on Thursday expressed hope of completing the IDBI stake sale this fiscal, as the qualified bidders have nearly completed their due diligence process. Speaking to the media at the sidelines...
Wind Blade Maker TPI Composites Files for Bankruptcy in Texas
Wind turbine blade manufacturer TPI Composites Inc. has filed for Chapter 11 to restructure its debt with support from lender Oaktree Capital Management. The company listed $500 million to $1 billion in estimated...
Saraswat Bank gets RBI nod for merger with NICBL
The country’s largest cooperative bank Saraswat Co-operative Bank received the Reserve Bank of India’s approval to merge New India Co-operative Bank (NICBL) with itself, sources privy to the development said...
Govt to call financial bids for IDBI stake sale by Oct-Dec: Divestment secy
The government is preparing to invite financial bids in the third quarter (October-December) of FY26 for a strategic stake sale of IDBI Bank, as potential buyers have completed due diligence, Department of Investment...
Evercore to acquire British boutique investment bank Robey Warshaw for $196 million
Evercore will acquire British boutique investment bank Robey Warshaw for $196 million, the U.S. investment bank said on Wednesday. The payment will be made in two tranches, half in Evercore shares when the deal closes...
SMFG said to eye $1.1 billion additional investment in Yes Bank
Sumitomo Mitsui Financial Group Inc. is considering making an additional $1.1 billion investment in Indian lender Yes Bank Ltd., people familiar with the matter said, following a previous investment made by Japan’s...
Societe Generale agrees to sell local unit to State of Cameroon
Societe Generale has agreed to sell its Cameroon subsidiary to the State of Cameroon, the France-based international banking group said on Tuesday. The sale of Societe Generale Cameroun, the value of which was not...
Italy’s UniCredit doubles equity stake in Germany’s Commerzbank to 20%
UniCredit increased its shareholding in Commerzbank to 20%, giving the Italian lender a bigger stake in the German competitor as it seeks to win over opposition to a possible takeover of the rival. UniCredit converted...
