The transaction allows Westpac, prevented from merging with its three biggest rivals, to broaden a business dominated by mortgages.
David Stewart, one half of the Eurhythmics, and former Credit Suisse Europe, Middle East and Africa chairman/CEO Michael Philipp have revealed their plans to launch a creative-focused banking services company, to be called First Artist Bank.
Bank Zachodni WBK, the Polish arm of Banco Santander, wants to continue taking an active role in the consolidation of Poland's financial sector after completing the purchase of rival Kredyt Bank
New Landsbanki, the state-owned Icelandic bank forged in the midst of the 2008 Icesave scandal, has asked for more time to repay a £1.5bn bond that is threatening to destabilise Iceland's recovering economy.
Italy's biggest retail bank, Intesa Sanpaolo , is in the midst of a management struggle between its chief executive and a board member backed by an important shareholder
Hungary's banks, most of which are foreign-owned, have suffered losses in the past two years after the government imposed a big windfall tax on the sector in 2010 and a new tax on financial transactions this year.