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BofA-Owned MBNA Sells $570M of Card Assets to Virgin Money

The portfolio consisted of Virgin Money credit card assets, which MBNA has been marketing and distributing since 2002.

Hungary ready to buy more banks should they decide to exit - official

Hungary is ready to buy more banks should they decide to exit the country, a government official at the Economy Ministry told CNBC on Monday.

Commerzbank CEO sees mergers among smaller German banks

The chief executive of Commerzbank is predicting a wave of mergers among Germany's cooperative and savings banks.

Austria reopens Hypo sale

Hypo had agreed in principle to sell the asset to US private equity group Advent and the European Bank for Reconstruction and Development.

The Banker awards RBI as Bank of the Year for the eighth time

RBI thereby receives all four important awards as best bank in CEE

Lone Star appoints HML to manage portfolio of 4,000 Irish residential loans

Loans were acquired from Lloyds and was previously managed by Certus

BayernLB deals setback to Austria over Hypo's Balkan unit sale

German bank BayernLB has objected to Austria's handling of the planned sale of Hypo Alpe Adria's Balkans network, dealing a setback to Vienna's campaign to wind down the bank it had to nationalise in 2009.

ING Plans to Cut 1,700 Dutch Jobs After Repaying Bailout

The firm, which has 53,000 staff, said the cuts will occur over the next three years and lead to annual gross savings of about 270 million euros from 2018.

Yorkshire Bank set for £2 billion flotation as NAB looks for the exit

Yorkshire and Clydesdale banks are set for a £2 billion flotation, as their owner the National Australia Bank prepares to exit the UK.

Ulster Bank closing 24 branches throughout Ireland

Fourteen banks in the Republic among those being shut as fears grow for rural areas

Banks to float as owner quits UK

After years of trying to build a British franchise under the Yorkshire and Clydesdale brands, NAB said recently that its “absolute priority” was to quit the UK.

Spanish bank to raise stake in Turkish lender

Spanish bank BBVA is in advanced talks to raise its stake in Garanti

UK exit getting closer says Clydesdale Bank owner

The Australian owner of Clydesdale and Yorkshire banks says selling off the UK businesses is becoming more likely due to improving market conditions.

ABN Amro to Cut Jobs in Shift to Digital

As a result, ABN Amro said, it expects to cut 650 to 1,000 full-time jobs by 2018 in its retail bank.

Standard Chartered to cut bank branches

It said productivity improvements from the branch closures, about 8 per cent of its outlets, will help it reach a previously announced $400 million cost-savings target next year.

Alpha turns focus to investment banking after absorbing Citibank

In the context of its turn toward investment banking, Alpha is planning the redesign of 50 branches, which along with 20 former Citibank branches will focus on providing major depositors with property and wealth management solutions.

Spanish Banking Group Banco Popular to Inaugurate Morocco Office

The bank will attempt to accompany Spanish companies that invest in Morocco.

Harrods eyes retail banking

The new plan looks more mainstream. Harrods is set to launch a standard savings account next year, building on the mortgage product it launched in 2014.

MSPs slate RBS over plans to close 154 branches

The bank has earmarked 154 branches for the axe, with just over 100 already closed down.

Invalda LT signs Finasta group share purchase agreement

Invalda LT, one of the leading companies in Lithuania investing in other businesses and managing assets, together with partners has signed the Finasta group Share Purchase Agreement, informs LETA/ELTA.

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