Commercial banks

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 issuer Discover Financial Services in an all-stock deal valued at $35.3 billion...

Citigroup to Close Down Global Distressed-Debt Business: Here's What to Know

Citigroup Inc. is reportedly closing its global distressed-debt group as it undergoes further restructuring under CEO Jane Fraser's leadership...


Latest News

Private lending in the Euro Zone drops to 20-year low
The data released in a report by the European Central Bank on Friday saw the hesitation of financial institutions in extending credit to households and businesses despite the economic recovery of the
Singapore's OCBC makes binding offer for Hong Kong's Wing Hang Bank- sources
Citing sources, Bloomberg reported that Singaporean lender Oversea-Chinese Banking Corp or OCBC has submitted a binding offer for Hong Kong-based family-run lender Wing Hang Bank Ltd.
Delmarva Bancshares secures $11M in private placement
Delmarva Bancshares Inc, the bank holding firm for the National Bank of Cambridge, was able to raise $11 million in a private placement participated in by a group which included Castle Creek Capital.
Zyden Gentec shares fall as Punjab National Bank offloads its 3% stake
Zyden Gentec Ltd.'s shares fell by 5% to INR15.25 per share after Punjab National Bank's recent stake sale. PNB had sold 335,141 of its shares in the pharmaceutical company, which represents a 3% equi
Chinese banks seen rising in financial markets - report
The DealBook said in its report that banks in China are steadily making strategic acquisitions offshore and opening its businesses outside of the mainland, thanks to recent economic reforms.
Italy's Banca Popolare di Vicenza to grow through acquisitions- paper
Popolare Vicenza Chairman Gianni Zonin told an Italian daily that Banca Popolare di Vicenza intends to grow its branches to a thousand from its current 690 through acquisitions.
US bank regulators mull Volcker rule tweak
US bank regulators said they would consider allowing banks to hold on to complex securities despite the Volcker rule prohibiting them from owning such and would arrive at a decision in the middle of J
UK to consider new rules to raise funding for SMBs
The UK government is mulling on rule changes that would make it easier for small and medium-sized businesses (SMBs) to obtain funding from alternative financiers and new banks.
American Bankers Association challenges Volcker Rule
The American Bankers Association, a group that represents mostly community banks, has filed a complaint challenging the final version of the Volcker Rule, Bloomberg reported.
Kazakhstan to sell equal-sized stakes in BTA Bank to Kazkommertsbank, Kenes Rakishev for undisclosed sum
Samruk-Kazyna, Kazakhstan's sovereign wealth fund, on Monday struck a deal to sell equal-sized stakes in its BTA Bank. Its holding in the country's third-biggest bank will be sold to Kazkommertsbank a
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