Credit Agricole’s acquisition bid too low, says Italy’s Creval
Italian bank Credito Valtellinese (Creval) is seeking a higher acquisition bid from French banking group Credit Agricole. Last week, Credit…
KBC wraps up acquisition of OTP Bank’s business in Slovakia
Belgian banking group KBC has completed its previously announced acquisition of OTP Banka Slovensko, the Slovakian arm of Hungarian banking group OTP Bank. Under the agreement, KBC Bank has acquired…
27 Nov 2020
Banco Sabadell ends merger talks with BBVA over price
Spanish lenders Banco Sabadell and BBVA have terminated their merger negotiations as they could not reach an agreement over price. The all-share deal, which was first announced last week, fell…
27 Nov 2020
Danske Bank axes 257 jobs to slash costs
Danish lender Danske Bank has trimmed its workforce by 257 across the group, as part of its 2023 cost-cutting plan. Of the 257 roles that have been retrenched, 155 employees…
27 Nov 2020
Covid-19: Santander UK extends financial support to customers
Santander UK has decided to extend additional financial support to its customers, in the wake of the Covid-19 pandemic. The lender will continue to provide overdrafts and fee-waivers on its…
27 Nov 2020
French lender BNP Paribas to slash up to 800 jobs in Poland
France-based retail banking group BNP Paribas has decided to axe up to 800 jobs at its Polish banking arm BNP Paribas Bank Polska. The latest development was announced in a…
26 Nov 2020
Two of ‘Big Five’ Canada banks allow remote working until April 2021
A pair of Canadian banking giants have decided to allow some of their employees to continue working from home at least until April next year. The Bank of Montreal (BMO)…
26 Nov 2020