Commercial banks

OneWest Bank intends to pay USD 1 billion dividend to investors ahead of IPO- sources

OneWest Bank is planning a dividend payout of USD 1 billion to its investors before it holds an initial public offering next year, according to sources who have knowledge of the matter.

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Prisa close to reaching EUR 3 billion refinancing agreement with creditors

Spain's largest media firm Promotora de Informaciones or Prisa was close to reaching a refinancing agreement with its creditors for its EUR more than 3 billion debt, sources told Bloomberg.

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ECB reduces amount of banks' crisis loan payments but urges them to pay next week

The European Central Bank's attempt to reduce the excess liquidity levels of banks in the financial system had prompted the central bank to call on banks it had loaned to repay its debts at a reduced rate.

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The Philippines' largest lender BDO Unibank Inc said on Thursday it had signed a definitive agreement for the acquisition of Citibank's thrift bank unit in the country.

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Top deals of the day - Mergers & Acquisitions

The following bids, mergers, acquisitions and disposals were reported on Wednesday including BNP Paribas, Facebook, Crocs, VTB Capital and Flybe Group.

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Private equity firm, bank surpasses Hong Kong government in Philippine aid

An article pointed out how the donation of the state of Hong Kong paled in comparison to donations and efforts by HSBC Group and KGLI Asia.

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OAO Sberbank undergoes structural changes to improve

OAO Sberbank, under the leadership of CEO Herman Gref, had undergone layoffs as well as transitions to become one of the top banks in Europe, with interests in Eastern Europe and Turkey.

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Contingent Network Services, a global technology services company, today announced the acquisition of Tampa-based IVANS Network Services, a non-healthcare business unit of Minneapolis-based ABILITY Network Inc.

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Huishang Bank Corp makes dull Hong Kong debut

A Reuters report said Huishang Bank Corp made a dull debut in Hong Kong which revealed lackluster investor appetite for China's banking sector even as more IPOs were planned by Chinese lenders.

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BofA nearing settlement with Freddie Mac

A USD1.4 billion settlement is being negotiated between Bank of America and Freddie Mac on the issues related to the repurchase of faulty mortgages sold by the bank to the mortgage lender.

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Top deals of the day - mergers & acquisitions

The following bids, mergers, acquisitions and disposals were reported on Monday.

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Eman Mansour to open new investment banking firm

Dubai would be host to Eman Mansour's latest investment banking endeavor.

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Commonwealth Bank of Australia approves on AUD 2.83 billion Dexus Property Group, CPPIB offer

The AUD 2.83 billion offer from Dexus Property Group and the Canada Pension Plan Investment Board for the Commonwealth Bank of Australia's listed trust was accepted by the lender.

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France government to loan EUR4.5 billion to pay Credit Lyonnais debts by year-end - French official

The government of France had taken plans to pay debts incurred from the collapse of Credit Lyonnais, said a Reuters report.

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Deutsche Bank loan issue overshadowed by new agreements

Deutsche Bank AG said that new rules would not foster business but in the past week alone it had agreed on a couple of business related loans.

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