LONDON, July 9 (Reuters) – As HSBC (HSBA.L), opens new tab prepares to name its third CEO in nine years, the bank is exploring financial incentives and reallocating key projects to retain those who miss out on the top job, two people with knowledge of the discussions told Reuters. Europe’s biggest bank could reassign its technology transformation […]
Devon Energy DVN -1.65%decrease; red down pointing triangle has agreed to acquire Grayson Mill Energy, a oil-and-gas producer in the Williston Basin, in a cash-and-stock deal valued at $5 billion. The Oklahoma City-based Devon said Monday that it would pay $3.25 billion in cash and $1.75 billion in stock to acquire Grayson Mill, which operates drilling rigs in […]
ST.PETERSBURG, July 3 (Reuters) – Russia’s central bank told businesses they should use “multiple choice solutions” including cryptocurrencies and other digital assets to facilitate payments with foreign partners to counter Western sanctions imposed over the Ukraine conflict. Russia’s booming trade with China, India, the United Arab Emirates, Turkey and other countries which have not imposed […]
TAIPEI, July 7 (Reuters) – Taiwan’s central bank said on Sunday that it has no timetable for launching a digital currency, warning the process will be “huge and complex”, but it will hold public hearings on the matter next year to spread knowledge. Taiwan’s central bank has been working on a pilot for a government-run […]
ROME, July 5 (Reuters) – UniCredit (CRDI.MI), opens new tab is willing to consider M&A opportunities if financial conditions are right, but they are not a must, Chief Executive Andrea Orcel said in an interview published on Friday. “M&A is a possibility, not an compulsory choice,” Orcel told Italian regional newspaper La Sicilia. Italy’s second-largest bank has […]
TORONTO, July 5 (Reuters) – TD Bank’s (TD.TO), opens new tab chief compliance officer has left the bank, according to a memo sent internally, at a time the Canadian lender faces U.S. regulators and the Justice Department in a probe related to its anti-money laundering program. Monica Kowal, who joined the bank in 2017, left the company this […]
uly 3 (Reuters) – Private equity firm KKR & Co (KKR.N), opens new tab agreed to acquire Varsity Brands, a U.S. maker of sports uniforms and school yearbooks, from buyout firm Bain Capital for about $4.75 billion, including debt, people familiar with the matter said on Wednesday. KKR will own Varsity Brands through its Americas private equity fund, […]
July 5 (Reuters) – HSBC (HSBA.L), opens new tab is attracting initial interest from peers including BNP Paribas SA (BNPP.PA), opens new tab and UBS Group AG (UBSG.S), opens new tab, for the sale of its German wealth management unit, Bloomberg News reported on Thursday, citing people familiar with the matter. Julius Baer (BAER.S), opens new tab is also among potential bidders […]
MADRID, July 5 (Reuters) – BBVA’s (BBVA.MC), opens new tab Chair Carlos Torres on Friday told its shareholders that he was fully confident of the success of its 12-billion-euro takeover for smaller rival Sabadell (SABE.MC), opens new tab. The bid, which is opposed by the Spanish government, was rejected by Sabadell’s board, prompting BBVA to launch in May a hostile offer directly to Sabadell’s […]
BENGALURU, June 27 (Reuters) – Indian private lender RBL Bank (RATB.NS), opens new tab said on Thursday it will raise up to 65 billion rupees ($779 million) through a combination of qualified institutional placement (QIP) of shares and debt sale. The bank will raise 35 billion rupees through QIP and 30 billion rupees through issue of debt […]