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.
JC Flowers
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Lloyds' TSB business had received early approaches from private equity firms, according to a report by City A.M.
PE firm JC Flowers had expressed its interest in Lloyds' TSB unit according to a Sunday Telegraph report without citing sources.
UKAR announced the sale of a Northern Rock portfolio to JC Flowers and Marlin Financial.
J.C. Flowers announced that they are in the final negotiations to buy US$682.8 million worth of Northern Rock loans.
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