Banking And Finance NEWS

Rate-rigging investigation gathers pace in Europe

Investigations into the attempted manipulation of benchmark interest rates are focusing on four European banks, the Financial Times reported today. It’s claimed that evidence of links to the scandal at Crédit Agricole, HSBC, … Continue reading “Rate-rigging investigation gathers pace in Europe”


Kepler in exclusive talks to acquire Credit Agricole Cheuvreux

The corporate and investment banking unit of French lender Credit Agricole SA (EPA:ACA) has entered into exclusive talks to sell its Credit Agricole Cheuvreux (CA Cheuvreux) subsidiary to local financial services firm Kepler … Continue reading “Kepler in exclusive talks to acquire Credit Agricole Cheuvreux”


British banking giant HSBC used to launder Mexican drug money

UK’s largest bank HSBC was used to launder Mexican drug money, according to a new report by the Senate Permanent Subcommittee on Investigations, a Congressional watchdog responsible for investigating financial improprieties. The investigation … Continue reading “British banking giant HSBC used to launder Mexican drug money”


The ten most influential financial lobbyists in the UK — TBIJ

The following list details the ten most powerful financial lobbyists in the UK, selected by The Bureau of Investigative Journalism. The list follows an earlier report by TBIJ, published last week by Financial … Continue reading “The ten most influential financial lobbyists in the UK — TBIJ”


Private equity firms in talks to acquire RBS’ Direct Line

Royal Bank of Scotland Group Plc (LON:RBS) may not get to list its unit Direct Line Insurance Plc as two consortia made up of leading private equity groups prepare to make a move … Continue reading “Private equity firms in talks to acquire RBS’ Direct Line”


The City spent £92m on lobbying politicians last year — report

The British financial services industry spent more than £92m last year lobbying politicians and regulators in an ‘economic war of attrition’ that has secured a string of policy victories, The Bureau of Investigative … Continue reading “The City spent £92m on lobbying politicians last year — report”


UK insurance firm Aviva sells more Delta Lloyd shares due to strong demand

British insurer Aviva Plc (LON:AV), a 41.3%-owner of Delta Lloyd NV (AMS:DL), will sell 37m shares of the Dutch insurance firm, more than initially planned, due to favourable demand from investors, Delta Lloyd … Continue reading “UK insurance firm Aviva sells more Delta Lloyd shares due to strong demand”


Troubled Spanish lender Bankia sells Mexican car financing arm

Spanish lender Bankia SA said on Thursday it had entered into a EUR9.7m (USD12.1m) deal to sell its car financing unit Finanmadrid Mexico to Mexican bank CI Banco. Bankia is disposing of the … Continue reading “Troubled Spanish lender Bankia sells Mexican car financing arm”


NBNK revises offer for 632 Lloyds Bank branches

British banking investment vehicle NBNK Investments Plc (LON:NBNK) said on Wednesday it had tabled a revised offer to buy the retail and commercial business Project Verde of Lloyds Banking Group Plc (LON:LLOY) before … Continue reading “NBNK revises offer for 632 Lloyds Bank branches”


UK private equity firm Pamplona acquires 5% stake in Italy’s UniCredit

UK-based private equity fund Pamplona Capital Management LLP said it had built a 5% stake in Italian lender UniCredit SpA (BIT:UCG) and became the bank’s second largest investor. The Abu Dhabi investment fund … Continue reading “UK private equity firm Pamplona acquires 5% stake in Italy’s UniCredit”


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