German property lender Aareal Bank will book a gain of around 2 billion euros ($2.14 billion) after it sells its tech unit Aareon to private equity firm TPG and investor CDPQ, it said in announcing the deal on Monday...
HDFC Bank plans infra bond swap for securities of parent HDFC Ltd
HDFC Bank is discussing with investors and the regulator a plan through which the country’s most-valued lender would buy back some of the bonds issued by the erstwhile HDFC, and replace these instruments with new...
ABN Amro nears deal to buy HSBC’s German private bank, Boersenzeitung says
Dutch bank ABN Amro is seeking to further expand in Germany as it is nearing a deal to acquire HSBC’s wealth management unit in the country, newspaper Boersenzeitung reported on Friday, without specifying its...
Top Bank of Cyprus Investors to Explore Sale of Stake
Two of the top investors at Bank of Cyprus Holdings Plc are exploring a sale of their stakes in the country’s biggest bank, according to people with knowledge of the matter. AB CarVal Investors and Caius Capital are...
Regulatory concerns stopped Julius Baer, EFG takeover talks, sources say
Swiss regulatory concerns scuppered talks between private banks Julius Baer and EFG International over a potential tie-up worth some 15 billion Swiss francs ($17 billion), two sources with knowledge of the matter told...
Canada’s National Bank to buy Canadian Western Bank for $3.6 billion
National Bank of Canada said on Tuesday it would buy Alberta-based rival Canadian Western Bank in a C$5 billion ($3.63 billion) deal combining the country’s sixth- and eighth-largest lenders respectively and...
UBS and Credit Suisse’s Swiss units could merge by July 1
The merger of the Swiss units of UBS and Credit Suisse could be completed as early as July 1, a senior executive at UBS was quoted as saying on Tuesday. UBS, which acquired former rival Credit Suisse last year after the...
National bank mergers can pave way for cross-border deals, ECB’s De Guindos says
National bank mergers must come before cross-border deals, the vice-president of the European Central Bank Luis de Guindos said on Friday, without elaborating if the ECB would approve BBVA’s takeover bid for...
Japan banks to begin divesting their strategic Toyota shareholdings, Bloomberg reports
Japan’s two biggest banks will start divesting their strategic shareholdings in Toyota Motor – worth a combined $8.5 billion – and will seek to sell into the automaker’s planned share buybacks...
Kotak Bank gets RBI nod to sell 70 pc stake in general insurance arm to Zurich Insurance
Kotak Mahindra Bank on Wednesday said it has received the RBI approval to sell a 70 per cent stake in its general insurance arm to Zurich Insurance Company. In November last year, Zurich Insurance Company announced...
Spain’s BBVA seeks ECB go-ahead for Sabadell hostile bid, source says
Spain’s BBVA asked the European Central Bank on Tuesday to authorize its more than 12 billion euro ($13 billion) hostile bid for Sabadell, a source close to BBVA said. BBVA’s all-share offer was rejected by...
SC dismisses Adisri Commercial’s appeal against insolvency proceedings on SREI Firms
The Supreme Court on Monday dismissed Adisri Commercial’s appeal against the admission of insolvency proceedings against SREI Infrastructure Finance (SIFL) and SREI Equipment Finance (SEFL). It imposed a cost of Rs one...
