Barclays is selling its Spanish retail and corporate banking operations to Caixabank, the two companies said on Sunday, as the British bank starts shrinking its struggling European divisions as part of a major overhaul.
Spain's bank restructuring fund FROB on Monday announced that it had received six binding offers for a majority stake in bailed-out bank NCG Banco. Banks and private equity firms from Spain, Venezuela and US reportedly eye the NCG stake.
In a move to comply with local regulations as well as economic slowdown in China, BBVA would be able to sell off some of its shares in CITIC.
JPMorgan had valued notes at USD0.95 to the dollar, to be offered for the first time since January 2010.
According to analysts, banks are shifting to cloud computing since it could deliver innovation and cost cutback in banking.
Insurance companies would deal with major payouts due to Spain train crash.
Columbia's Grupo Aval announced their intent to acquire 100% stake in BBVA Panama
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