Merchant banks

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.

India's securities market regulator Sebi is upgrading and strengthening its surveillance system on commodity exchanges (CommExes). Recently, Sebi has barred 16 commodity trading members from trading f..

Encouraging gains on Wall Street were propelling up stocks in Asia and Australia. Barring Hang Kong and Japan, all the major market benchmark indices in Asia and Australia, rose...

Argentina is planning to issue $15-bilion bonds making it the largest sum by any developing nation since 1996. Country's new President Mauricio Macri-led government will use funds mobilized through bo..

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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

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 un

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.

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 governm

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.

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.

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.

The following bids, mergers, acquisitions and disposals were reported on Wednesday, including Fortum, National Vision, Saipem, CTT, MTS, Southern Pacific, Warrnambool, Verbund, Bakkafrost, Popular and

Bob Diamond, the former boss of Barclays, is set to return to banking by listing a shell company in London in the next few weeks to invest in the African financial sector, a source familiar with the m

The respect for the late politician and ex-president of South Africa Nelson Mandela was evident in the business sector, as trading and banks postponed their businesses to acknowledge Mandela's passing