Weather New York, NY +66°F

Merchant banks

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.

Read Full Article
Royal Bank of Scotland

Citizens Financial Group to exit retail branches in Chicago area to US Bancorp

Citizens Financial Group, a unit of the Royal Bank of Scotland, said it had agreed to exit its Chicago area retail branches and small business operations to US Bancorp.

Read Full Article
European Central Bank

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 Euro Zone.

Read Full Article
China

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.

Read Full Article
Lanco Infratech Ltd.

Lanco Infratech nears deal for INR7,500 crore corporate debt restructuring

Lanco Infratech on Friday reportedly met with a consortium of over 25 lenders to discuss details on its proposed INR7,500 crore corporate debt restructuring deal. The said deal will also give the cash-strapped company access to a new credit of INR3,500 crore.

Read Full Article
Paul Volcker

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 January.

Read Full Article
Gunfleet Sands Facility

Development Bank of Japan to buy 24.95% stake in offshore wind project in England

The Development Bank of Japan will acquire a 24.95% stake in the Gunfleet Sands Facility, a 172-megawatt offshore wind project located in England. DBJ will buy the stake from Marubeni Corp., which bought its holding originally for $329 million.

Read Full Article
David Cameron

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.

Read Full Article
Aareal Bank AG

Germany's Aareal bank acquires rival Corealcredit Bank for €342M

Property lender Aareal Bank this weekend announced that it would takeover German rival Corealcredit Bank for €342 million. Corealcredit will be bought from American private equity firm Lone Star Funds.

Read Full Article
Australia and New Zealand Banking Group Ltd (ANZ)

Australia sets additional capital requirements for big banks

Australia's systemically important "Big Four" banks will be required to set aside an extra 1 percent of equity capital to protect against the kind of turmoil seen during the global financial crisis under new regulations announced on Monday.

Read Full Article
Sprint Corp.

At least half a dozen banks vie to finance possible Sprint bid for T-Mobile -sources

Sprint chairman and SoftBank chief executive Masayoshi Son was reportedly meeting senior bank executives in New York. Sources said that banks are readying proposals for financing a bid by Sprint Corp. for T-Mobile US.

Read Full Article
Antwerp Diamond Bank

Belgian bank KBC to sell Antwerp Diamond Bank in exchange of €7 B government bailout in 2008

KBC Bank, which received a €7 billion government bailout in 2008, will be selling the Antwerp Diamond Bank to Chinese investor Yiren Group. KBC has disposed a string of units since the Belgian government rescued it during the financial crisis.

Read Full Article
Citigroup

Citigroup Inc partners with AIA for life insurance sales in Asia-Pacific

Citigroup Inc chose to work with AIA Group in a 15-year agreement allowing the latter to sell life insurance through its branch network in 11 countries, Bloomberg reported.

Read Full Article
Banco Sabadell

Spain's Banco Sabadell to open more branches in Angola to target country's millionaires

Banco Sabadell, a Spain-based bank, plans to add 25 more branches to its existing 42 branches in Angola to target the growing millionaires in the country.

Read Full Article
European Union

EU negotiators reach deal on early losses for bank creditors

Bondholders and large depositors in a failing bank face taking losses from the start of 2016, European Union negotiators have agreed, a European Parliament lawmaker said on Wednesday.

Read Full Article
1 2 3 4 5 6 7 8 9 10  

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics