BNP Paribas has signed a deal to buy HSBC’s private banking unit in Germany as it continues to expand its footprint in wealth management, the French lender said on Monday. The deal, which BNP said should be closed...
Commerzbank warns UniCredit merger threat to Germany’s businesses
Commerzbank’s management has warned the German government that a potential multi billion euro merger with Italy’s second-largest bank UniCredit is a threat to businesses that make up the backbone of...
Austria’s RBI sells Belarus bank at a loss to UAE investor
Raiffeisen Bank International said on Friday it is selling its Belarus business at a loss to an investor from the United Arab Emirates, as the Austrian lender faces mounting pressure to also pare back its Russian arm...
Unicredit, Commerzbank merger would add value for all stakeholders, Orcel tells paper
A merger of Italy’s Unicredit and Germany’s Commerzbank could add value for all stakeholders and create a much stronger competitor in the German banking market, Unicredit CEO Andrea Orcel told Handelsblatt...
HSBC in talks to sell South African unit to FirstRand, Bloomberg News reports
HSBC Holdings is in talks to sell its South African corporate banking business to a unit of FirstRand, the country’s largest lender by market value, Bloomberg News reported on Friday, citing people with knowledge...
Yes Bank’s stake sale runs into RBI hurdle
The process of an equity stake sale in Yes Bank, giving an exit to investors that had bailed out the foundering lender four years ago, has hit a roadblock after the RBI rejected proposals from potential bidders to...
Commerzbank seeks to fend off potential UniCredit takeover, sources say
Commerzbank’s management has discussed how to keep the German lender independent, exploring defence strategies to resist a potential bid from UniCredit, a person familiar with the discussions said on Wednesday...
UniCredit CEO approaches Commerzbank to explore merger talks, source says
UniCredit CEO Andrea Orcel approached German lender Commerzbank’s management earlier on Wednesday inviting the bank to explore merger talks, a source with knowledge of the matter told Reuters. Italy’s...
US lender NBT Bancorp to buy Evans Bancorp in $236 mln deal
U.S. lender NBT Bancorp has agreed to buy Evans Bancorp in a deal that values it at nearly $236 million, as it looks to expand its footprint in western New York. Small and mid-size banks have been ramping up dealmaking...
Greece’s Attica Bank shareholders approve merger with Pancretan Bank
Attica Bank shareholders approved on Tuesday the bank’s deal to merge with the smaller Pancretan Bank in an effort to clean up its balance sheet and create a new banking organisation, the bank said in a bourse...
Billionaire Buffett again sells BofA shares worth about $845 million
Billionaire Warren Buffett’s Berkshire Hathaway has once again cut its stake in Bank of America with a share sale worth roughly $845 million, a regulatory filing showed on Friday. The conglomerate run by one of...
Foreign lenders lured by rare stake sales in India banks, but tighter rules weigh
Talks to sell majority stakes in two Indian banks have attracted interest from foreign peers in Japan and the Middle East betting on a fast-growing economy, but tighter regulations and valuation concerns could curb...
