All posts in Banking And Finance

Citi ATM

Former Citi CEO Pandit to acquire stake in India’s JM Financial

Vikram Pandit, the former chief executive of Citigroup Inc (NYSE:C), will acquire a stake in JM Financial Limited (BOM:523405) and participate in several new initiatives planned by the Indian financial services company. Pandit and his business partner Hari Aiyar will …

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ntiL Lloyds Bank Stock

Lloyds to bank £325m from sale of commercial property loans

UK Lloyds Banking Group plc (LON:LLOY) said Friday it had inked an accord to divest a portfolio of UK commercial real estate loans to Promontoria Thames Ltd for

Picture: newsteam.co.uk

Supermarket chain Sainsbury’s in talks to acquire Lloyds’ stake in Sainsbury’s Bank

UK grocery retailer J Sainsbury plc (LON:SBRY) on Tuesday said it was holding advanced discussions over a deal to take full control of Sainsbury's Bank, a joint venture

Financial Markets

Singapore wealth fund Temasek acquires $500m stake in UK financial information group Markit

Singaporean sovereign wealth fund Temasek Holdings (Private) Ltd will pay some USD500m (EUR381.6m) to buy a stake in UK financial information services firm Markit Group Holdings Limited, the

lloyds TSB

Lloyds agrees sale of Spanish retail banking operations to Sabadell

UK's Lloyds Banking Group plc (LON:LLOY) on Monday said it would sell its retail banking activities in Spain to local lender Banco de Sabadell SA (MCE:SAB) in a

ING

Dutch bank ING sells stake in South Korean arm KB Life Insurance

Dutch financial services group ING Groep NV (AMS:INGA) on Friday revealed an agreement to dispose of its 49% in South Korean insurance joint venture KB Life Insurance Company

HSBC

HSBC agrees to sell Macau-based general insurance operation to QBE

UK financial group HSBC Holdings Plc (LON:HSBA) on Thursday said it had agreed to dispose of its general insurance operations in Macau to QBE Insurance (International) Limited. HSBC will

Denizbank

Denizbank acquires Citibank’s Turkish consumer banking arm

Denizbank AS has inked an accord to acquire Citibank's consumer banking business in Turkey, the Turkish lender said today. The buyer, which is controlled by Russia's Sberbank Rossii OAO

Global Economy

Global economy faces continued sluggish growth, according to Dun & Bradstreet

US commercial information provider Dun & Bradstreet (NYSE: DNB) said it has published a five-year forecast of the global economy predicting continued but sluggish growth against challenging headwinds, differing from

Eurobank

Regulatory hurdles delay merger of Greece’s Eurobank and National Bank of Greece

The planned merger of Eurobank Ergasias SA (ATH:EUROB) and its parent, National Bank of Greece SA (ATH:ETE), or NBG, has been postponed due to a regulatory authorities' decision

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