Banking And Finance NEWS

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”


Standard Chartered interested in buying Barclays Indian arm

Standard Chartered Bank India, a unit of British Standard Chartered Plc (LON:STAN), is leading a race to buy some INR25bn (USD438m/EUR351m) worth of retail operations of rival Barclays Plc (LON:BARC) in India, according … Continue reading “Standard Chartered interested in buying Barclays Indian arm”


Spanish Banco Santander completes disposal of Columbian unit

Spain’s Banco Santander SA (MCE:SAN) said on Monday it had concluded the second and final phase of the sale of its Colombian business to Chilean lender CorpBanca (SCL:CORPBANCA). In early December 2011, Santander … Continue reading “Spanish Banco Santander completes disposal of Columbian unit”


Morgan Stanley unit invests in India’s Continuum Wind Energy

Morgan Stanley Infrastructure Partners, a unit of US investment banking major Morgan Stanley (NYSE:MS), has agreed to invest INR12bn (USD210m/EUR167m) in Continuum Wind Energy, acquiring a majority stake in the Indian wind power … Continue reading “Morgan Stanley unit invests in India’s Continuum Wind Energy”


UK engineering firm Invensys terminates talks with potential buyers

British engineering group Invensys Plc (LON:ISYS) confirmed on Thursday it had been in very early talks with third parties interested in buying it, including US Emerson Electric Co (NYSE:EMR), but the negotiations had … Continue reading “UK engineering firm Invensys terminates talks with potential buyers”


Private equity sponsor KKR agrees to acquire Prisma Capital

US private equity major KKR & Co LP (NYSE: KKR) said it had entered into an agreement to buy Prisma Capital Partners LP, an alternative investment manager focused on providing customised hedge fund … Continue reading “Private equity sponsor KKR agrees to acquire Prisma Capital”


AXA Private Equity to seeks buyout stakes with $7bn fund

As financial firms and banks are seeking ways to exit their private equity investments, French insurer AXA SA’s (EPA:AXA) investment unit has put together a USD7.1bn (EUR5.6bn) fund to take advantage of this … Continue reading “AXA Private Equity to seeks buyout stakes with $7bn fund”


British bank Lloyds to dispose of Japanese GoLloyds unit

British lender Lloyds Banking Group Plc (LON:LLOY) announced on Tuesday it will dispose of its remittance operations in Japan, called GoLloyds, to local Shinsei Bank Ltd (TYO:8303) for a non-specified sum. The sale … Continue reading “British bank Lloyds to dispose of Japanese GoLloyds unit”


Find the Right Credit Card For You

The credit-card market is full of different offers and attractions to tempt in customers. And while it may seem simplest just to take the first card offered to you by your bank, there … Continue reading “Find the Right Credit Card For You”


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