Merchant banks

VTB IPO Preparations Underway

VTB, Russia's second largest bank is undertaking an IPO worth nearly 100 billion roubles.

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Sura and Bank of Nova Scotia partner to purchase BBVA Horizonte

Sura and Bank of Nova Scotia shelled out US$258 million each to acquire BBVA Horizonte of Peru.

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Banca Carige Adds More Assets For Sale

Banca Carige, in a bid to meet its reorganization targets, is selling off two assets to its divestment plan.

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Qatar National Bank to sell off US dollar bonds

QNB in its growth plans, seeks to raise funds through bond issues to capitalize its acquisitions.

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Deutsche Bank Faces Suit by Sebastian Holdings

Deutsche Bank faces one of the many trading day cases in court.

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Ameriprise to Bid for Scottish Widows

Ameriprise is set to bid for Scottish Widows.

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HSBC Reviewing Iraq Presence

HSBC is reviewing presence in Iraq and expanding in Egypt.

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Lloyds Bank Engages Bank for Sale

Lloyds Bank has engaged the services of Deutsche Bank to provide services for the possible sale of Scottish Widows.

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Lone Star and Wells Fargo to Purchase Commerzbank Assets

Lone Star and Wells Fargo would divvy up the assets of Commerzbank.

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SolarWorld Seeking to Strike a Deal with its Creditors

SolarWorld is seeking to find a compromise agreement with its creditors to avoid insolvency.

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EFG-Hermes QInvest Merger Still in Limbo

Despite assurances by the Egyptian PM, there is still no approval as to the EFG-QInvest merger.

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More Funds for DySiS Medical Ltd

Dysis Medical closes latest funding round at US$11 million.

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PWC to pay Lehman Brothers European creditors

Lehman bankruptcy administrators PWC announced payment of dividends to European creditors.

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Greek Prime Minister Assures No Deposit 'Haircut'

Greek Prime Minister categorically says that the recapitalization has protected the Greek banks from a Cyprus like crash.

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Citigroup's Credit Card Unit Subject to Competing Bids

Citigroup's units now being sought for acquisition by three different banks.

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