Citigroup cracks onto Egg for UK growth
(1 February 2007 – UK) UK insurer Prudential is selling loss making UK internet bank Egg to Citigroup for around ₤575 million (US$1.127 billion).Just last month Prudential turned […]
(1 February 2007 – UK) UK insurer Prudential is selling loss making UK internet bank Egg to Citigroup for around ₤575 million (US$1.127 billion).Just last month Prudential turned […]
(31 January 2007 – Australia) HBOS wealth management arm, St Andrews Australia, has made what it describes as a “trophy acquisition” in boutique fund manager Whittaker Macnaught.The deal […]
(18 January 2007 – Australia) US investment bank Lehman Brothers has entered the Australian market for the first time by agreeing to buy local brokerage firm Grange Securities […]
(16 January 2007 – Australia) The federal government has given the green light to Suncorp Metway’s proposed A$7.9 billion takeover of insurance company Promina.The minister for Revenue and […]
(12 December 2006 – Indonesia) Commonwealth Bank is set to buy a stake in Indonesian lender PT Bank Arta Niaga Kencana.Indonesia’s central bank announced the deal this week […]
(4 December 2006 – USA) HSBC has snapped up the US$2.5 billion mortgage loan portfolio of US consumer finance outfit Champion Mortgage.Champion Mortgage uses the internet and direct […]
(1 December 2006 – Malaysia) ANZ is set to boost its stake in Malaysian lender AMMB to almost 25 percent.This follows the announcement last week that ANZ would […]
(22 November 2006 – Europe) Bank of America has said it views Europe as offering the greatest growth prospects outside of its home market.BOA chief executive Kenneth Lewis […]
(21 November 2006 – China) As expected, ANZ has acquired a 19.9 percent stake in China’s Shanghai Rural Commercial Bank for US$252 million.The stake is ANZ’s second investment […]
(20 November 2006 – Vietnam) BNP Paribas is set to buy a 10 percent stake in Vietnam’s ninth largest private bank, Orient Commercial Bank (OCB), for an undisclosed […]