Santander

Postbank head favors stock market sale: magazine

The chief executive of Deutsche Bank's (DBKGn.DE) retail arm Postbank (DPBGn.DE) strongly advocates having Deutsche sell a large portion of Postbank's shares on the stock market rather than to another bank, a German magazine reported on Saturday.

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Santander says not considering buyout of U.S. auto finance unit

Spain's Santander (SAN.MC) said it was not considering buying out the 28 percent of its U.S. auto finance business that is currently listed on the stock market after Bloomberg reported earlier on Tuesday the Spanish bank was mulling such a move.

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Monte Paschi approves capital increase for up to 2.5 billion euros

Monte dei Paschi di Siena (BMPS.MI) will tap investors for up to 2.5 billion euros next year to fill a capital deficit laid bare by recent stress tests and pay back state aid in a move bankers said would prepare the Italian lender for a likely takeover.

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Citigroup, Santander sell $1B of trade finance assets

The Financial Times reported two banks divested trade finance assets amounting to $1 billion in a securitization that would get these assets to institutional investors from bank balance sheets.

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Six firms place bids for Spain's rescued NCG Banco

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.

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Belfast's Andor finally agrees to £176M Oxford Instruments takeover

Belfast-based scientific camera maker Andor Technology has finally agreed to a GBP176 million takeover bid from Oxford Instruments after five months of stalemate between the two firms.

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Santander to acquire 51% of El Corte Ingles finance unit

On Monday, Spain’s Santander said that it had agreed to buy a 51% stake in the largest consumer finance business from El Corte Ingles.

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Zachodni posts increase in quarterly profit after merger with Kredyt Bank

Bank Zachodni posted a record high on its quarterly profit that beat predictions from six analysts surveyed by Bloomberg.

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Deals of the day -- mergers and acquisitions

Bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies.

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