Mahindra and Mahindra (M&M) has sold its entire stake in lender RBL Bank for ₹678 crore, the automaker said in an exchange filing on Thursday, November 6. The sale comes days after the lender announced Emirates...
Banking
Morgan Stanley to buy private shares platform EquityZen
Investment banking giant Morgan Stanley said on Wednesday it will buy private shares platform EquityZen, as Wall Street races to meet growing investor demand for stakes in fast-growing startups. Major financial...
Govt consolidation blueprint—UBI-BoI merger to create mega bank; Punjab & Sind Bank, BoM privatization on radar
The government is drawing up a fresh blueprint to merge select public sector banks, said three people aware of the matter, as it aims to scale up such lenders and streamline overlapping operations under banking sector...
Huntington Bank to acquire Cadence Bank for $7.4 billion; stock falls
Huntington Bancshares (HBAN) stock fell 5% early Monday, going below its 200-day line and 10-day moving average, as per the report by Investor’s Business Daily. HBAN shares are down 1.2% so far in 2025 through last...
FirstSun to buy First Foundation in $785 million all-stock deal
FirstSun Capital Bancorp will buy First Foundation in an all-stock deal valued at $785 million, the companies said on Monday, as mergers and acquisitions within regional banks accelerate amid credit concerns in the...
EU commissioner laments obstacles to European bank mergers
The EU Commissioner for Financial Services, when asked on Friday about German resistance to UniCredit’s attempts to take over Commerzbank, lamented obstacles to the creation of larger European banks...
Federal Bank to sell minority stake to Blackstone affiliate for Rs 6,200 crore
The Board members of Federal Bank on Friday approved sale of 9.99% stake to an affiliate of U.S. private equity firm Blackstone. The transaction is said to be executed via preferential equity shares and warrants for Rs...
Bankruptcy court admits IDBI Bank’s insolvency resolution plea against Wind World arm
The Mumbai bench of the National Company Law Tribunal (NCLT) has ordered the initiation of the corporate insolvency resolution process (CIRP) against Wind World (India) Infrastructure following an application filed by...
Bankruptcy court admits IDBI Bank’s insolvency resolution plea against Wind World arm
The Mumbai bench of the National Company Law Tribunal (NCLT) has ordered the initiation of the corporate insolvency resolution process (CIRP) against Wind World (India) Infrastructure following an application filed by...
RBI may allow Emirates NBD to acquire controlling stake in RBL Bank
India’s central bank is open to allowing Dubai-based lender Emirates NBD to acquire a controlling stake in RBL Bank, two sources said, as the regulator seeks to attract foreign investment and strengthen the...
Lloyds to buy Schroders’ stake in UK wealth joint venture
Lloyds Banking Group is to buy out Schroders’ 49.9% stake in their UK wealth joint venture, the companies said on Thursday, as the British bank looks to expand in the so-called ‘mass affluent’ sector...
HSBC to acquire Hang Seng unit for nearly $14 billion in Hong Kong bet
HSBC Holdings Plc proposed taking its troubled Hong Kong subsidiary Hang Seng Bank Ltd. private in a deal representing a major bet on the Chinese financial hub. The British lender’s shares plunged. London-based HSBC...
