All articles by Vidhya Edwards Munnangi
Vidhya Edwards Munnangi
Commerzbank rejects UniCredit €35bn takeover offer
The offer seeks to surpass the 30% ownership threshold under German takeover regulations.
US Fed to lower capital buffers for major US banks
The central bank’s implementation of the Basel III Endgame rules would cause only a “small increase” in capital requirements.
India halts IDBI Bank stake sale as bids miss target – report
The privatisation process has been suspended for now, with details remaining confidential.
Esquire Financial seals $348.4m deal to buy Signature Bancorporation
Following the completion of the deal, the combined company will hold about $4.8bn in assets.
Crédit Agricole seals deal to acquire Ukraine-based Bank Lviv
Bank Lviv currently works with more than 37,000 individual clients and operates mainly in western Ukraine.
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Revolut gains full banking licence in UK
This development means Revolut can now provide both retail and business customers.
Citi, Standard Chartered evacuate Dubai offices amid regional tensions – report
The banks’ actions come after Iran warned it would target US- and Israel-linked regional financial interests.
Monte dei Paschi and Mediobanca approve full merger plan
Mediobanca shareholders would receive 2.45 MPS shares for each Mediobanca share offered.
Raiffeisen close to acquiring Garanti BBVA Romania
The Austrian bank has reportedly proposed a purchase price of about 1.2 times the book value for the unit.
Upstart seeks approval to launch national bank
The company said that the move could lower operational as well as financial costs.