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PNB banking on non-core asset sale, capital infusion from govt for revival

Under the first tranche of recapitalisation, the government infused Rs 800 bn through bonds in public sector banks last financial year.....»»

Category: topSource: business-standardMay 21st, 2018

Three Abu Dhabi lenders agree to merge, creating a $114 billion bank

Abu Dhabi Commercial Bank, Union National Bank and Al Hilal Bank said on Tuesday the banks have agreed on a three-way merger, creating the third-largest bank in the United Arab Emirates......»»

Category: topSource: reutersJan 29th, 2019

Saudi Arabia Sells More Than $7 Billion in Bonds

Saudi Arabia priced a large international bond deal, drawing support from a roster of Western banks in the kingdom’s first debt sale since the killing of journalist Jamal Khashoggi......»»

Category: europeSource: wsjJan 10th, 2019

SoftBank lines up $9 billion in loans for Vision Fund from banks: Bloomberg

Banks, including underwriters of SoftBank Group's initial public offering of its mobile unit, are finalizing terms for a $9 billion loan to its Vision Fund, Bloomberg reported on Wednesday, citing people familiar with the matter......»»

Category: topSource: reutersOct 17th, 2018

Visa and MasterCard agree to settle swipe fee class action for $6.2 billion

Visa and MasterCard, along with some top US banks, have agreed to pay as much as $6.2 billion in a class action settlement with US retailers over swipe fees......»»

Category: topSource: cnnSep 18th, 2018

Warren Buffett Offered Uber a $3 Billion Investment, but Talks Fell Apart

Warren Buffett earlier this year offered to invest $3 billion in Uber, but the two sides couldn’t agree on the terms, according to a person familiar with the matter......»»

Category: smallbizSource: wsjMay 31st, 2018

Warren Buffett Offered Uber a $3 Billion Investment, But Talks Fell Apart

Warren Buffett earlier this year offered to invest $3 billion in Uber, but the two sides couldn’t agree on the terms, according to a person familiar with the matter......»»

Category: smallbizSource: wsjMay 31st, 2018

Wage row: Bank unions seek govt intervention, set May 12 deadline

According to the AIBEA, in 2016-17, while the gross operating profit of banks was about Rs 1,590 billion, the provision for NPAs was around Rs 1,703 billion.....»»

Category: topSource: business-standardMay 8th, 2018

Bond yields rise after RBI announces it will buy Rs 100-billion govt debt

Surplus cash held by banks dropped to Rs 380 billion as of May 3 from a high of Rs 1.1-trillion in April.....»»

Category: topSource: business-standardMay 7th, 2018

Top Wall Street banks working on Deutsche-Commerzbank merger: sources

Goldman Sachs and Citi are helping Germany's two biggest lenders work on their potential $28 billion-plus merger, people close to the matter said on Monday......»»

Category: topSource: reutersMar 18th, 2019

FIS And Worldpay Agree On $43 Billion Mega Merger

Payments group Worldpay to be acquired by US rival in $43 billion.....»»

Category: blogSource: valuewalkMar 18th, 2019

Lyft sets terms of IPO to raise up to $2.1 billion

Lyft Inc. set terms of its initial public offering, confirming the ride-hailing service is looking to raise up to $2.09 billion. The company said it offering 30.77 million Class A shares to the public, at an expected price o.....»»

Category: topSource: marketwatchMar 18th, 2019

FIS buying Worldpay in $43 billion cash-and-stock deal

Financial services technology group FIS said Monday that it will buy e-commerce and payments group Worldpay Inc. in a cash and stock deal that values the latter at $43 billion. Under terms of the deal, which includes the assumption of debt.....»»

Category: topSource: marketwatchMar 18th, 2019

Euro zone"s triple-A bond drought persists after ECB steps away

High-grade euro zone debt remains scarce even though the European Central Bank has stopped its huge purchases of new bonds, intensifying concerns that banks will face future collateral shortages and highlighting the need for safe assets......»»

Category: topSource: reutersMar 1st, 2019

Report: Tesla lining up about $2B in loans for Shanghai Gigafactory

A report from equity research firm JL Warren Capital says that Tesla is lining up around $2 billion in loans from Chinese banks to build out its Shanghai Gigafactory......»»

Category: topSource: moneycentralFeb 28th, 2019

GE debt rallies, bond insurance price drops on Danaher deal

General Electric Co bonds rallied broadly on Monday after the company struck a deal to sell its biopharma business to Danaher Corp for $21.4 billion and said it would use cash from the deal to ease its massive debt burden......»»

Category: topSource: reutersFeb 25th, 2019

U.S. banks record $59.1 billion in profits in fourth-quarter of 2018

The U.S. banking sector recorded $59.1 billion in profits in the fourth quarter of 2018, down slightly from the third quarter's record level but still up significantly from the prior year, according to data from the Federal Deposit Insurance Corporation......»»

Category: topSource: reutersFeb 21st, 2019

Hedge funds hunt for shipping debt in new market push

A growing number of hedge funds are moving into shipping debt, an asset class few have invested in before, looking to buy up loans and bonds as banks cut their exposure to the troubled sector......»»

Category: topSource: moneycentralFeb 20th, 2019

XPO Logistics to borrow $1 billion to fund stock buybacks

XPO Logistics Inc. is selling $1 billion of bonds to fund share buybacks and refinance debt as it abandons acquisitions to boost its stock price......»»

Category: topSource: moneycentralFeb 19th, 2019

BB&T to buy SunTrust in biggest U.S. bank deal in decade

U.S. regional lender BB&T said it'll buy rival SunTrust Banks for about $28 billion in stock. As Fred Katayama reports, it's the biggest bank merger since the 2007-2009 financial crisis......»»

Category: videoSource: reutersFeb 7th, 2019