Latest news
Latest news
New realm for ex-Natixis banker, as HSBC Innovation Bank hires
Patrick Wills has more than 14 years’ experience working at US bank
Manager establishing London-based European BSL CLO platform
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The U.K. government is said to be in talks with Abu Dhabi sovereign wealth funds to sell roughly one-third of its stake in the Royal Bank of Scotland.
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Deutsche Bank has regained its title as Europe’s largest bank by assets from BNP Paribas.
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U.S.-based Jefferies is planning to launch a European corporate lending business in Europe this year at a time when banks in the region are cutting back as a result of higher capital requirements and rising funding costs.
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Spain’s CaixaBank has agreed to buy rival Banca Civica in an all-stock deal valued at EUR980 million ($1.3 billion), roughly one-third of the share value.
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Two private equity firms are said to be trying to block the sale of a portfolio of private equity loans by Lloyds Banking Group to Sankaty, Bain Capital’s asset-management unit, apparently upset that the U.K. lender is opting to sell the loans rather than let them negotiate refinancing.
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The board of Spain’s La Caixa bank is set to meet to vote on whether to proceed with a takeover of Banca Civica to form the nation’s largest domestic bank by assets.
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Deutsche Bank is changing the legal status of Taurus, its main U.S. unit, to circumvent higher capital requirements under the U.S. Dodd-Frank Act by giving up the subsidiary’s bank-holding status and assigning it to its Deutsche Bank Trust unit, effective Feb. 1.
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Commerzbank and the European Commission are said to be near to striking a deal on a restructuring of the German bank’s mortgage unit, Eurohypo.
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Lloyds Banking Group is selling a £500 million ($790.6 million) portfolio of mainly U.K. leveraged loans earmarked for private equity buyouts to Sankaty Advisors, Bain Capital’s credit affiliate.