11/23/2015
French private equity firm set to buy Fintrax
Galway-based VAT refunder Fintrax is reportedly to be sold to French private equity firm Eurazeo.
Retail Banking
11/13/2015
Cerberus Acquires GBP 13 Billion Portfolio of Assets from UK Asset Resolution Limited (UKAR)
Portfolio Consists of Part of the Legacy Book of NRAM, the Former Northern Rock Mortgage Business
11/13/2015
Russia eyeing state aid for VEB bank after $23bn bailout
Battered by low oil prices, Western sanctions and a weak rouble, the proposed aid package is also so large it could impact Russia’s credit rating which two agencies downgraded to junk status earlier this year.
11/06/2015
Societe Generale to shut 400 branches, cut 2,000 jobs by 2020
Unions also expressed fears of compulsory cuts.
11/03/2015
Re-empowering The Disenfranchised: At what Cost? by By Mark Forman
It comes as no surprise and, indeed, has been recognised by many, including the FCA, that the Retail Distribution Review (RDR) has left a group of consumers bereft of access to financial advisers and therefore financial advice.
11/01/2015
RBS sells remaining stake in Citizens Financial
RBS will withdraw its director from the Citizens board
11/01/2015
RBS spin-off Williams & Glyn is at death's door before it's even been born
Whatever its profitability and whatever RBS’s return, W&G will be an also-ran, unable to be a substantial challenger bank
10/30/2015
OTP Bank Romania completes merger with Millennium Bank, aims for top 10
Local lender OTP Bank will complete the merger with Millennium Bank Romania by November 2, this year.
10/30/2015
Clydesdale and Yorkshire Banks set up dedicated division for technology investments
The investment unit, which will run as a part of the banks' specialist and acquisition finance team, will provide £500,000 and £1m in financing to established tech start-ups in the country.
10/27/2015
ABN Amro Proceeds With IPO to Pay Back Dutch State Bailout
The government has said it may sell as much as 30 percent of ABN Amro this year
10/27/2015
Metro Bank Lending Doubles in Third Quarter Ahead of Share Sale
The company said it has appointed advisers for a share sale next year, without providing further details.
10/13/2015
Norway Fund Said Chosen as Preferred Bidder for Singapore Tower
The 43-story tower, located in the new financial district at Marina Bay, could be valued at more than S$3.5 billion $2.5 billion
10/11/2015
QNB in fray for NBG’s Finansbank stake — sources
Unnamed Chinese group also reported to have expressed interest
10/11/2015
Get rich quick with UK challenger banks
OneSavings Bank achieved a return on equity of 25.5 per cent and Shawbrook 19.5 per cent last year.
10/11/2015
Billionaire Jim Ratcliffe snaps up North Sea oil fields
Ineos will purchase North Sea oil and gas fields after Russian billionaire Mikhail Fridman was told to sell up
10/08/2015
Société Générale takes control of Mauritius Commercial Bank Moçambique
The Société Générale group on 18 March 2015 reached an agreement with the Mauritius Commercial Bank to acquire a stake in MCBM through a capital increase
10/07/2015
The Access Bank UK opens Representative Office in DIFC
The announcement was made at a press event organised in DIFC that was attended by key executives from The Access Bank UK including Herbert Wigwe, Chairman and Non-Executive Director; Jamie Simmonds, Chief Executive Officer; Alyson Jeans, Commercial Bankin
10/05/2015
Union Bank of India and KBC Asset Management ink deal
The transaction, which is still subject to regulatory approval in India, will have no impact on the joint venture’s client positions and product portfolio.
10/02/2015
RBS spin-off Williams & Glyn applies for banking licence
Challenger bank set to appear on the high street next year and float by the end of 2016
09/28/2015
Santander mulls return to investment advice market
The Spanish bank's UK arm is looking for new sources of growth as its current account boom could start to slow down