If harsh haircuts on bankrupt assets weren’t bad enough, India’s lenders must now be going bald with worry. A recent court order has raised the unpleasant prospect of having to return the money new owners paid them to...
Spanish lender Unicaja denies report it has held merger talks with Sabadell
Spanish lender Unicaja denied on Monday that it held talks about a merger with Banco Sabadell after Bloomberg News reported the lenders held informal discussions for it. The report also said Sabadell’s executives...
Japan’s SMBC to take 20% stake in India’s Yes Bank
Japanese lender Sumitomo Mitsui Banking Corporation (SMBC) has a agreed to acquire a 20% stake in Indian private lender Yes Bank in what would be the largest cross-border merger and acquisition deal in India’s...
Santander rejects NatWest’s nearly $15 billion bid for UK retail unit, FT reports
Banco Santander has rejected an offer of around 11 billion pounds ($14.63 billion) from NatWest for its UK retail bank, saying the bid undervalued the business, the Financial Times reported on Friday. The approach by...
UBS in talks to sell hedge fund O’Connor to Cantor Fitzgerald, Bloomberg News reports
Swiss lender UBS is in talks to sell its hedge fund unit, O’Connor, to U.S. brokerage Cantor Fitzgerald, Bloomberg News reported on Thursday, citing people familiar with the matter. Talks of the deal, which the...
Japan’s financial powerhouse SMBC moves a step closer to taking control of Yes Bank
Japanese financial powerhouse Sumitomo Mitsui Banking Corp. (SMBC) is in advanced discussions to buy a significant stake in Yes Bank, following months of negotiations, said people aware of the matter. The move is...
Austria’s Erste Group strikes deal with Santander to expand in Poland
Erste Group Bank has bought a 49% stake in Santander’s Polish bank for around 6.8 billion euros ($7.7 billion), turning Austria’s largest lender into one of the most important banks in Poland and freeing up...
Warburg Pincus seeks CCI nod to buy 10 pc stake in IDFC First Bank
Private equity major Warburg Pincus has sought fair trade regulator CCI’s approval to acquire 10 per cent stake in private sector lender IDFC First Bank. US-based Warburg Pincus through its arm Currant Sea...
Spain’s antitrust body clears BBVA-Sabadell takeover, awaits government
Spain’s competition watchdog CNMC approved on Wednesday the proposed acquisition of Banco Sabadell by its larger rival BBVA, though the combined lender will have to accept several remedies in its retail banking...
Brazil’s BRB close to completing due diligence to acquire Banco Master
Brazilian state-run bank BRB has nearly completed its due diligence to acquire local lender Banco Master, with the final deal price expected to be confirmed at around 2 billion reais ($360 million), BRB CEO Paulo...
Erste in talks with Santander to buy 49% of its Polish unit
Austria’s Erste Group Bank is in discussions with Santander about buying a 49% stake in the Spanish bank’s Polish unit in a deal that could be worth more than $8 billion, the lenders said on Monday...
Eastern to acquire HarborOne in $490 million deal in latest U.S. regional bank consolidation
Eastern Bankshares will acquire HarborOne Bancorp in a stock and cash deal valued at $490 million, the lenders said on Thursday, as bank consolidation gains traction in an uncertain market. Regional banks across the...
