Banking And Finance NEWS

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”


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”


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