Dutch lender ABN Amro has agreed to buy private bank Hauck Aufhäuser Lampe (HAL) for 672 million euros ($730 million), strengthening its position as one of the top three wealth management firms in Germany. The sale by...
NCLT admits Srei’s insolvency plea against Supreme Infrastructure BOT
The National Company Law Tribunal (NCLT) has admitted Srei Infrastructure Finance’s petition to initiate a corporate insolvency resolution process (CIRP) against Supreme Infrastructure BOT after it defaulted on...
Spanish bank BBVA seeks authorisation of hostile takeover bid for Sabadell
Spanish bank BBVA on Friday asked stock market supervisor CNMV to authorise its 12.23-billion-euro ($13.29 billion) hostile takeover offer for smaller rival Sabadell, a potential tie-up of lenders that Madrid opposes...
Julius Baer, EFG stopped takeover talks after initial approach, sources say
Swiss private bank Julius Baer held talks with EFG International about a potential takeover in recent months but the discussions have stopped, people with knowledge of the matter told Reuters. The two Swiss banks were...
Coventry Building Society to buy Co-op Bank for $990 mln
Britain’s Coventry Building Society will buy Co-operative Bank for 780 million pounds ($989.9 million) in cash, the two companies said in a joint statement on Friday. The latest attempted tie-up among UK lenders...
Emirati bank FAB in advanced talks to buy Turkey’s Yapi Kredi
First Abu Dhabi Bank (FAB) is in advanced talks to acquire Turkish conglomerate Koc Group’s 61.2% stake in Istanbul-based lender Yapi Kredi for about $8 billion, according to three sources close to the matter...
Regional lender SouthState to buy Texas-based Independent Bank for about $2 bln
Regional lender SouthState Corp will buy Texas-based smaller rival Independent Bank Group for about $2 billion, the companies said on Monday, creating a combined entity with $65 billion in total assets. The all-stock...
Debt, equity holders approve merger of IDFC with IDFC First Bank
Shareholders and non-convertible debenture (NCD) holders of IDFC First Bank have approved a proposal to merge parent IDFC Ltd with the lender. The National Company Law Tribunal (NCLT) convened a meeting on May 17...
No merger but PSB privatization still on cards
The Centre doesn’t have any plans to merge public sector banks (PSBs) in FY25, though it will not ditch plans to privatize PSBs during the fiscal, two people aware of the matter said. “There have been no...
United Bankshares to buy Piedmont Bancorp in $267 million deal
United Bankshares has agreed to buy smaller rival Piedmont Bancorp in a deal valued at about $267 million, the lenders said on Friday, amid growing consolidation in the U.S. regional banking industry. WHY IT’S...
Spain’s BBVA turns hostile with $13 billion bid for Sabadell
Spanish bank BBVA launched a hostile 12.23 billion euro ($13.1 billion) all-share takeover bid for Sabadell on Thursday, in a surprise move that triggered immediate opposition from the government. Taking the offer...
Spanish bank Sabadell rejects $12.9 bln BBVA merger proposal
Sabadell’s board rejected a merger proposal by larger rival BBVA for a 12 billion euro ($12.93 billion) all-share merger, the Spanish lender said on Monday. The country’s fourth-largest lender by market...
