Banking And Finance NEWS

HSBC sells stake in Asian JV with Global Payments for $242m

US payment processing services provider Global Payments Inc (NYSE:GPN) has executed an agreement that will give it full ownership of the Asian-Pacific joint venture established in partnership with The Hongkong and Shanghai Banking … Continue reading “HSBC sells stake in Asian JV with Global Payments for $242m”


Blackstone to acquire Intertrust from Dutch sponsor Waterland

US buyout firm The Blackstone Group LP (NYSE:BX) has entered into an agreement to acquire trust and corporate services provider Intertrust Group Holding SA from Dutch investor Waterland Private Equity Investments BV, the … Continue reading “Blackstone to acquire Intertrust from Dutch sponsor Waterland”


HSBC agrees to sell stake in Chinese insurer Ping An to Thailand’s Charoen in $9.4bn deal

British banking and financial services group HSBC Holdings Plc (LON:HSBA) on Wednesday announced a HKD72.74bn (USD9.4bn/EUR7.2bn) agreement for the sale of its 15.57% in Chinese insurer Ping An Insurance (Group) Company of China … Continue reading “HSBC agrees to sell stake in Chinese insurer Ping An to Thailand’s Charoen in $9.4bn deal”


National Bank of Greece to acquire rival EFG Eurobank Ergasias

National Bank of Greece (NYSE:NBG) said its shareholders had given the go-ahead to the planned acquisition of local peer EFG Eurobank Ergasias SA. The shareholder meeting, which was held on Friday, followed two … Continue reading “National Bank of Greece to acquire rival EFG Eurobank Ergasias”


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”


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