National Bank of Abu Dhabi set to expand internationally
NBAD Group CEO Alex Thursby identified seven highly urbanized cities where the bank would set up its operations.
Commercial banks
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 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 ...
Citigroup's Plan to Set up Securities Business in China Faces Delay
Citigroup Inc. is reportedly facing delays in its plans to establish a...
Latest News
Banks expecting ECB rate cut
More than seven banks are changing projecting that the European Central Bank would cut its interest rates after its meeting this November.
Morgan Stanley establishes fund to improve affordable housing
Morgan Stanley, in the wake of outrage from bailouts in the last crisis, is seeking investments that provide long term social benefits for the community.
Banco do Brasil obtains syndicated loan
A USD1 billion syndicated loan was formalized by Banco do Brasil with five international lending institutions.
China Construction Bank Corp purchases majority shareholdings in Banco Industrial & Comercial SA
BicBanco's 72% would be acquired by China Construction Bank Corp for BRL1.62 billion.
Wells Fargo settles mortgage bonds issues with FHFA
For an undisclosed amount, Wells Fargo settles with FHFA on issue of faulty mortgages issyes
Citigroup preparing sale of mortgage backed securities, its first since 2008
Without government backing, Citigroup is now offering mortgage backed securities backed by prime jumbo mortgages mortgages from private sources.
Commercial Bank of Qatar to issue bonds
The Commercial Bank of Qatar is set to undertake a perpetual bond issue to cover the acquisition of Turkey's Alternatifbank.
AUB looks for acquisitions overseas
Like many other Gulf Cooperation Council banks, AUB is now seeking investments overseas for diversification purposes.
Bank of Japan stops short of forecasting inflation rise
BOJ raised gross domestic product to 1.5% but stopped short of projecting a potential 2% inflation within 2 years.
