Standard Chartered is exploring a potential divestment of its wealth and retail banking operations in Botswana, Uganda and Zambia, it said on Wednesday, as the banking giant looks to free up capital in the midst of a...
CCI approves Kotak Mahindra Bank’s proposal to buy Standard Chartered’s ₹4,100 crore personal loan book
The Competition Commission of India (CCI) on Tuesday, November 26, approved private lender Kotak Mahindra Bank’s proposal to secure Standard Chartered Ltd’s personal loan book worth ₹4,100 crore. The CCI...
Commerzbank considers buying German rival to ward off UniCredit, sources say
Commerzbank is considering buying a mid-sized German bank as part of its strategy to fend off a possible takeover by Italy’s UniCredit, three people with knowledge of the matter told Reuters. The plans are at an...
Japan’s biggest bank looking for acquisition targets in booming India
Mitsubishi UFJ Financial Group Inc. is bullish on India, where it’s actively looking for acquisition targets that will help boost its presence in the world’s most populous nation. The goal for Japan’s largest lender is...
Singapore’s DBS eyes Malaysian bank stakes in expansion push, sources say
Singapore’s biggest lender DBS Group Holdings Ltd is exploring expanding into Malaysia with potential acquisitions of stakes in banks in its Southeast Asian neighbour, including in one of Malaysia’s smallest...
Italy’s Banco BPM bids for asset manager Anima in 1.6 bln euro ‘bancassurance’ deal
Italy’s third-largest Banco BPM on Wednesday said it would launch a buyout offer to gain full control of asset manager Anima Holding in an up to 1.6 billion euro ($1.7 billion) deal. Banco BPM already owns 22% of...
UniCredit says to merge Romanian unit with Alpha Bank Romania in H2 2025
Italian bank UniCredit said it expected to be able to merge the Romanian business of Greece’s Alpha Bank into its own local subsidiary in the second half of next year, after closing the acquisition on Monday...
Societe Generale sells its stake in IndusInd Bank for Rs 421 crore
Financial services company Societe Generale on Friday sold private sector lender IndusInd Bank’s shares for Rs 421 crore through an open market transaction. According to the bulk deal data available on the...
Atlantic Union to buy Sandy Spring for $1.6 bln in latest US regional bank deal
Atlantic Union Bankshares will buy smaller rival Sandy Spring Bancorp for $1.6 billion, they said on Monday, as the regional lender looks to bolster its presence in Northern Virginia and Maryland. The all-stock...
Norwegian bank DNB to buy Sweden’s Carnegie for $1.14 bln
Norway’s largest bank DNB has agreed to buy Swedish investment bank and asset manager Carnegie from private equity firm Altor and minority owners for around 12 billion Swedish crowns ($1.14 billion), it said on...
UBS sells its 50% stake in Swisscard to American Express
UBS is offloading part of the Credit Suisse business it acquired last year with a deal to sell the fallen bank’s 50% stake in credit card provider Swisscard. UBS will sell its 50% holding in the company to its...
StanChart sells India personal loan business to Kotak Mahindra Bank
Kotak Mahindra Bank will buy Standard Chartered Bank’s personal loan business in India, the Indian lender said on Friday, leaving the U.K.-based company to focus on its wealth and investment banking business in...
