Banking And Finance NEWS

JP Morgan seeks buyers for Irish carbon credits company EcoSecurities

US banking group JPMorgan Chase & Co (NYSE:JPM) is willing to offload Ireland-incorporated carbon credits generation business EcoSecurities Group Plc, Carbon Finance said, quoting unidentified sources. According to the report, the executives of … Continue reading “JP Morgan seeks buyers for Irish carbon credits company EcoSecurities”


HSBC in talks to sell stake in Chinese insurance firm Ping An

British banking and financial services group HSBC Holdings Plc (LON:HSBA) on Monday said it was negotiating the sale of its 15.57% stake in Chinese insurer Ping An Insurance (Group) Company of China Ltd … Continue reading “HSBC in talks to sell stake in Chinese insurance firm Ping An”


UK insurance group Prudential acquires Thai life insurance firm Thanachart

British insurer Prudential plc (LON:PRU) on Monday said it would buy life insurer Thanachart Life Assurance Company Ltd, a fully-owned unit of Thai lender Thanachart Bank PCL, under an exclusive 15-year partnership with … Continue reading “UK insurance group Prudential acquires Thai life insurance firm Thanachart”


US financial services firm MetLife sells mortgage unit to JP Morgan

US insurer MetLife Inc (NYSE:MET) said it had inked an accord to sell the mortgage servicing portfolio of its banking unit MetLife Bank NA to JPMorganChase Bank NA, part of financial major JPMorgan … Continue reading “US financial services firm MetLife sells mortgage unit to JP Morgan”


Barclays delays Bank Windhoek bid until Absa merger is completed

UK financial group Barclays plc (LON:BARC) said it had put off its bid to acquire a controlling stake in Namibia’s Bank Windhoek Ltd from financial services group Capricorn Investment Holdings Ltd until it … Continue reading “Barclays delays Bank Windhoek bid until Absa merger is completed”


Canada’s TD Bank acquires Target’s credit card operation

Canada’s Toronto-Dominion Bank (TSE:TD), or TD Bank, said it has reached a deal to purchase the existing US Visa and private label card portfolio of Target Corp (NYSE:TGT) for an undisclosed amount. The … Continue reading “Canada’s TD Bank acquires Target’s credit card operation”


US investor optimism up 14%, according to UBS survey

Swiss financial firm UBS’s (NYSE: UBS) UBS Wealth Management Americas (WMA) unit said it has launched its Investor Watch report, a new quarterly survey of US private clients’ investment decisions and primary concerns as the nation approaches the November 6 election. … Continue reading “US investor optimism up 14%, according to UBS survey”


Stearns Bank takes over rescued rival First East Side Savings Bank

Stearns Bank NA, the operating subsidiary of US financial holding company Stearns Financial Services Inc, announced the acquisition of Florida-based First East Side Savings Bank without disclosing financial terms. The sale followed the … Continue reading “Stearns Bank takes over rescued rival First East Side Savings Bank”


Dutch ING Bank sells UK online arm ING Direct to Barclays

Dutch banking group ING Groep NV (AMS:INGA) on Tuesday said it had agreed to shed its British online banking business ING Direct UK to Barclays Plc (LON:BARC), without disclosing the value of the … Continue reading “Dutch ING Bank sells UK online arm ING Direct to Barclays”


RBS offloads consumer loans to financial services firm Paragon

British first mortgage and consumer finance firm Paragon Group Of Companies Plc (LON:PAG) said on Monday it had paid GBP25,000 (USD40,000/EUR31,000) to buy a portfolio of unsecured consumer loans from The Royal Bank … Continue reading “RBS offloads consumer loans to financial services firm Paragon”


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