Commercial banks

UBS AG to pay back Swiss National Bank for bailout fund value

The Stability Fund was created as part of the bailout package of UBS AG and now, it was time for the bank to pay back the fund under a given formula.

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Standard Bank confirms sale of London trading unit

Johannesburg-based Standard Bank said it would be selling its London-based trading unit to a yet-unconfirmed buyer.

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Banks avoid financial backing for Etisalat over letter of support issued for subsidiary

Two of the most active banks in the Gulf region, Standard Chartered and Citigroup Inc have decided not to support Etisalat's loan for the acquisition of Maroc Telecom.

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Poland's market rife with takeovers

The latest takeover bid was submitted by BNP Paribas SA for BGZ Bank in the Polish market that had seen mega million takeover deals in its banking industry.

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BNP Paribas submits bid for Rabobank unit in Poland

French lender BNP Paribas announced its submission of a non-binding bid to purchase a 98.5% interest in Rabobank's BGZ.

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Societe Generale and Credit Agricole to engage in talks regarding stake swap

Two French banks, Societe Generale and Credit Agricole, disclosed plans to increase its ownership stakes in asset manager Amundi Group and derivatives broker Newedge Group.

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ING Groep NV says capital buffers sufficient for ECB testing

Regulatory authorities are reviewing the capital buffers ING Groep NV for real estate financial loans prior to ECB testing to be conducted.

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Lloyds Banking Group conducts internal inquiry

An internal inquiry is to be conducted by Lloyds Banking Group as to its foreign currency trading operations after being advised by the Financial Conduct Authority to review its processes and report irregularities.

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Deutsche Bank AG set to face administrative probe for actions on Kirch companies

The companies comprising the Kirch conglomerate testified the bank had assisted in the demise of the firm.

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MHT and MidSpan Banks form MHT MidSpan Bank

The two banks for middle market advisory services have merged to provide a wider range of portfolio services to its clientele.

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UAE banking rules criticized, government revision soon to come out

With vigorous criticism of the rules on banking exposure related to government related debt, the UAE central bank was forced to review the rules and study on how to lessen its harsh effects.

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Norway's financial regulator requires 'too big to fail' tag on eight banks

Eight banks were identified as 'too big to fail' by the Norwegian financial regulatory authority.

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UBS AG and Credit Suisse Group AG may need to downsize with higher ratios

With Switzerland requiring higher capital ratios, banks may be hard pressed to continue with their normal operations according to JPMorgan Chase analysts.

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Westpac works for another banner year in 2014

Westpac CEO Gail Kelly reports a good 2013 and expects a better year for 2014.

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Deals of the day - M&As

The following bids, mergers, acquisitions and disposals were reported on Friday

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