Suffolk, UK-based construction supplier SEH Group obtained £9.4million in funding from Lloyds Commercial Banking under the government's Funding for Lending Scheme (FLS) to support its growth and expansion.
A growing number of hedge funds and institutional investors are acquiring non-performing loans from banks and federal agencies who can no longer keep them due to expensive holding costs of such loans, Bloomberg said in its report.
Herman Gref, the Chief Executive of state-run Russian bank OAO Sberbank, has called on the Kremlin to prevent restrictions to the Bitcoin as lawmakers consider curbs, Bloomberg reported.
Pacific Commerce Bank today reported financial results for the fourth quarter and the twelve months ended December 31, 2013 that reflected annual net income after tax of $4.9 million along with another solid quarter of loan and core deposit growth.
The Office of the New York Attorney General will continue with the lawsuit without claim to damages it lodged against Bank of America over its 2009 purchase of Merrill Lynch, Bloomberg reported.
The Criminal Prosecutions Bureau has been expanded by New York Attorney General Eric Schneiderman to the Criminal Enforcement and Financial Crimes Bureau to focus on financial wrongdoing, Bloomberg reported.
As demand for debt backed by commercial mortgages rise in recent months, yield-hungry investors are ready to make bets on loans packaged to non-traditional properties, the Financial Times reported.
The Bank of America is discouraging its junior investment bankers from working on weekends as it seeks to promote better work-life balance for its employees, the Financial Times reported.
Mississippi-based firm Britton & Koontz Capital Corp gained approval from its shareholders for a previously announced merger into Lafayette's Home Bancorp Inc that is valued at $34.5 million.
LQ Inversiones Financieras, Banco de Chile's majority shareholder, will sell up to 6.9 billion shares equivalent to $963 million. The exit deal would reduce LQ's stake in the Chilean lender from 58.4% to 51%.
Michigan-based community bank United Bank & Trust (UB&T) is set to merge with Indiana-based financial holding firm Old National bank sometime this summer in a deal valued at $173.1 million.
Sources told Bloomberg that CT Corp, a diversified holding company based in Indonesia, has hired 13 lenders to market a syndicated loan worth $1.275 billion.
Raiffeisen Bank International reportedly aborted plans to sell its loss-making Hungarian business, saying that selling the asset at a knock-down price would trigger losses it was not prepared to accept.
Raiffeisen Bank International, a subsidiary of Raiffeisen Zentralbank, may hike its equity capital by as much as €2.25 billion in the next six months. The Austrian lender will be selling shares to bolster its weak balance sheet.
San Francisco-based Wells Fargo & Co has given the task of originating mortgages for the largest home lender in the US to 400 underwriters, Bloomberg reported.
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