Dell Inc set to meet creditor banks for leveraged buyout financial backing
The financing aspect of the leveraged buyout of Dell Inc by CEO Michael Dell and Silver Lake Partners was discussed for finalization.
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
Pundits, analysts see US Crop Insurance program a money-laundering scheme
Analysts and pundits alike saw that private insurers who received state aid are reaping more benefits than they should.
Barclays reveals it will spend GBP 1.4 billion in consumer bank overhaul
Barclays said would spend GBP 1.4 billion to revamp its consumer banking unit.
Umpqua nearing Sterling USD 1.8 Billion acquisition deal - sources
Sources who disclosed to Reuters that Umpqua Holdings Corp. (UMPQ) was in advanced stages of closing an acquisition of Sterling Financial Corp for USD1.8 billion.
Scandinavian banks have been called out by S&P analysts
Standard and Poor's analysts have criticized the practice of Scandinavian banks.
Apollo Global Management okays acquisition of NCG Banco's Evo Banco
Apollo Global Management would be buying Evo Banco for USD 79 million.
Ping An Bank sells CNY 14.8 billion to parent Ping An Insurance
Ping An Bank would sell more than 1 billion in new shares to its parent company Ping An Insurance to raise core capital.
Al Salam Bank to finalize merger with BMI in share swap deal
Islamic lenders Al Salam Bank and BMI Bank agreed on a share swap merger deal.
Monte Paschi expects approval of tougher restructuring plan on Sept 24
Monte Paschi announced that it would approve a stricter restructuring plan on September 24 to qualify for a state bailout.
UAB sponsors FC Barcelona
United Arab Bank recently formalized a sponsorship agreement with FC Barcelona.
