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Commercial banks

Lloyds Banking Group

UK's SEH Group obtains £9.4M funding package from Lloyds

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.

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Real Estate

Lehman Alum, investors see gold in delinquent mortgages as US economy recovers

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.

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Sberbank CEO Herman Gref

OAO Sberbank Chief Gref voices support for Bitcoin

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.

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Pacific Commerce Bank Reports 2013 Financial Results, Net Income of $4.9 Million and Continued Loan and Core Deposit Growth

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.

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Bank of America Merrill Lynch

New York Attorney General pursues case without damages claim on BofA's Merrill Lynch acquisition

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.

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New York Attorney General Eric Schneiderman

Financial wrongdoing target for New York Attorney General

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.

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Two homeless men lie on mattresses in central Budapest in 2010

Investors bet on homeless bond for promise of high yields- report

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.

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Bank of America

BofA encourage junior employees of corporate and investment bank to take weekends off

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.

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Britton & Koontz Bank NA

Mississippi's Britton & Koontz gets shareholder approval for Home Bancorp merger

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.

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Banco de Chile

Banco de Chile top shareholder to sell up to around $1B in shares

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%.

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Old National Bancorp

Ohio's UB&T to merge with Indiana's Old National Bank in $173M deal

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.

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CT Corp

Indonesia's CT Corp engages 13 banks for $1.275B syndicated loan- sources

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.

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Raiffeisen Bank International AG

Austria's Raiffeisen Bank International halts sale of loss-making Hungarian subsidiary

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.

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Raiffeisen Bank International AG

Raiffeisen Bank International to seek €2.25B capital hike

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.

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Wells Fargo & Co

Wells Fargo & Co create underwriting group to keep mortgages inhouse

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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