/cloudfront-us-east-2.images.arcpublishing.com/reuters/XV5JRVOA5BKYZBMMMUPFKPGDMY.jpg "HSBC announces potential revised terms for stalled France sale")
LONDON, June 14 (Reuters) – HSBC (HSBA.L) on Wednesday announced new potential terms that might pave the way for a strategically-important sale of its French retail banking business after the transaction stalled earlier this year on regulatory capital concerns. HSBC said the indirect shareholder of Cerberus-backed My Money Group, which is buying HSBC’s French retail … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/UUIL3KGYJZJW7KG22VT5V4SOIA.jpg "Lloyds to launch nearly 0 mln Telegraph sale – Sky News")
June 6 (Reuters) – Lloyds Banking Group (LLOY.L) is set to launch a 600 million pound ($745.4 million) auction of the Telegraph newspapers and the Spectator magazine within days, amid a row with the brands’ owners, Sky News reported on Tuesday. The group intends to pursue this course as early as Wednesday and could remove … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/CQPGAXMWQRMHVHYK2GFFCSHSLE.jpg "Bank of England completes 20 billion pound corporate bond sale programme")
LONDON, June 6 (Reuters) – The Bank of England said on Tuesday it was ending its programme of corporate bond sales, after offloading almost all of the 20 billion pounds ($24.8 billion) it bought as part of its quantitative easing (QE) programme. The BoE first bought corporate bonds in 2016, to support the economy after … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/WWHVI3ZNW5NWZK5AWZTLD5RRRQ.jpg "Citigroup to pursue Mexico retail IPO after sale fails")
May 24 (Reuters) – Citigroup Inc (C.N) will pursue an initial public offering of its Banamex unit comprising consumer, small business and middle-market banking operations in Mexico, the bank said on Wednesday. Mexican conglomerate Grupo Mexico (GMEXICOB.MX) had been in talks to buy the unit, a person familiar with the matter had told Reuters earlier … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/B54IQXHT75O3DM4DS7DXNAS6HI.jpg "PacWest shares jump after .6 bln real estate loan sale")
May 22 (Reuters) – Shares of PacWest Bancorp (PACW.O) jumped on Monday after the troubled regional lender announced that it had agreed to sell $2.6 billion worth of real estate construction loans at a discount in a bid to improve its balance sheet. PacWest’s stock rose nearly 20% on the deal, giving the Los Angeles-based … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/ZQSOBXUZ4NMRNAGARAAS5GWJK4.jpg "Australia hits buy-now-pay-later sector with consumer credit law")
BNPL providers must carry out background checks before lending Must notify customers when credit limits increase Zip COO: Change would mean “business as usual” SYDNEY, May 22 (Reuters) – Australia said it would regulate buy-now-pay-later services as a consumer credit product under new laws, forcing BNPL providers to carry out background checks before lending in … [Read more…]
/cloudfront-us-east-2.images.arcpublishing.com/reuters/SUSX7O5CCBOHFMQRPO26DGBR5E.jpg "Sen. Warren seeks details on ‘troubling’ sale of First Republic to JPMorgan")
WASHINGTON, May 18 (Reuters) – U.S. Senator Elizabeth Warren is questioning federal bank regulators on their decision to sell First Republic Bank to the nation’s largest bank, JP Morgan Chase. In a letter sent to the Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation Wednesday, Warren said the deal was “deeply … [Read more…]
May 15 (Reuters) – Vice Media Group, the company popularly known for its websites such as Vice and Motherboard, said on Monday it had filed for Chapter 11 protection to facilitate its sale. The company said in a court filing that it listed both assets and liabilities in the range of $500 million to $1 … [Read more…]