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
Breaking News
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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