China eases foreign bank regulations in newly-opened Shanghai free trade zone
The Chinese government would be easing regulations for foreign lenders seeking to do business in the newly-opened Shanghai free trade zone.
Commercial banks
US Regulators Take Hold of Troubled Lender Republic First and Agree to Sell It to Fulton Bank
US regulators have taken hold of Republic First Bancorp and arranged to sell it to Fulton Bank.
HSBC Is Considering Selling Some Business Units in Germany to Focus on Asia as It Further Exits From Europe
HSBC is reportedly considering selling various business units in Germany...
Swiss Banking Giant UBS Intends to Broaden Business Footprint in the US
Swiss banking giant UBS intends to seek merger and acquisition opportunities in the United States in the years ahead...
Investors Led by Ex-Trump Official Invest $1 Billion to Troubled US Bank
Steven Mnuchin, the US Treasury Secretary under former president Donald Trump, has invested in a troubled regional US bank...
Warren Buffett-Backed Capital One to Buy Discover Financial in $35 Billion Deal
Warren Buffett-backed Capital One is set to acquire US credit card iss...
Citigroup to Close Down Global Distressed-Debt Business: Here's What to Know
Citigroup Inc. is reportedly closing its global distressed-debt group ...
Latest News
Bank Rossiya units seeking purchase of Tele2 from VTB
Applications with the Federal Anti-Monopoly Service was filed by two Bank Rossiya as they bid to purchase shareholdings in Tele2 from state backed bank VTB.
Lloyds Dublin portfolio attracts many investors
Lloyds Banking Dublin portfolio creates buzz for investors.
TCS Group announces London IPO of Tinkoff Credit Systems Bank
TCS Group Holding would be holding an IPO in London for its retail banking unit.
Nykredit to refinance DKK 11 billion or USD 2 billion debt
Nykredit would be refinancing its DKK 11 billion debt through preferred stock issuance and contingent convertible debt.
General Electric Capital Corp to sell majority stake in GE Money Bank in IPO
General Electric Capital Corp would be divesting its stake in GE Money Bank in an IPO scheduled in the fourth quarter.
Barclays Plc freeze accounts of its clients in the UAE
After its announcement of its closure of banking operations, Barclays Plc had begun freezing its customers accounts.
HSBC set to earn USD19.5 million in Canaletto painting sale
HSBC Holdings Plc would stand to get USD19.5 million from the sale of its two paintings by Italian painter Canaletto.
Vapores finalizes loan package to expand fleet
A USD347 million loan package was finalized by Chilean shipping form Compania Sud Americana Vapores to purchase new ships.
Deutsche Post gets EUR 2 billion loan
Deutsche Post raised a EUR 2 billion through a revolving credit facility.
