Financial Services & Real Estate Headlines

Siam Commercial Bank in talks to sell 25 percent stake in insurance unit: sources

HONG KONG/BANGKOK - Siam Commercial Bank , Thailand's third-largest lender, is in talks to sell a 25 percent stake in its life insurance business SCB Life Assurance PCL , people familiar with the matter told Reuters.

2:34am EDT

Mon, Sep 1 2014

KKR sells final stake in China Modern Dairy for about $80 million: source

HONG KONG - U.S. private equity firm KKR & Co LP has sold its remaining stake in China Modern Dairy Holdings, raising around $80 million, a source with direct knowledge of the matter said.

Deals, China 01 Sep 2014

Telefonica to exit Telecom Italia after Brazil deal


SANTANDER Spain - Telefonica plans to exit Telecom Italia once the Spanish group has finalised the purchase of Vivendi's Brazilian broadband business GVT, ending a long-standing shareholding and easing competition concerns in Brazil.

Deals, Brazil, Italy 01 Sep 2014

Hectic pace of Spanish bank deals to slow after Barclays sale


MADRID - Barclays' sale of its Spanish banking business to Caixabank looks set to mark the end of a hectic first round of consolidation in the country's finance industry as it emerges from the financial crisis.

Deals, Money, Spain 01 Sep 2014

Bankers line up around 1 billion euros of debt for Get sale

LONDON - Bankers are working on debt financing packages of around 1 billion euros ($1.3 billion) to back a potential sale of Norway's second-biggest cable operator Get, banking sources said on Monday.

01 Sep 2014

Spain's Caixabank eyes $197 million synergies from Barclays deal

MADRID - Spain's Caixabank said on Monday that its acquisition of Barclays' retail and corporate banking operations in the country would bring around 150 million euros ($197 million) in gross cost savings by 2016.

Deals, Spain, Money 01 Sep 2014

Sun, Aug 31 2014

Virgin Money eyes 2 billion pound stock market listing: Sky News


- Virgin Money [NRTRK.UL], the British financial services company partly owned by Sir Richard Branson, is in talks over a possible 2 billion pound ($3.32 billion) stock market listing as early as next month, Sky News reported on Sunday, citing people familiar with the matter.

31 Aug 2014

Britain's Barclays to sell Spanish assets to Caixabank


MADRID - Barclays is selling its Spanish retail and corporate banking operations to Caixabank , the two companies said on Sunday, as the British bank starts shrinking its struggling European divisions as part of a major overhaul.

Deals, Spain 31 Aug 2014

Fri, Aug 29 2014

Real estate company Store Capital files for IPO

- Real estate owner Store Capital Corp, backed by private equity firm Oaktree Capital Management LLC, filed with U.S. regulators on Friday for an initial public offering of common stock.

29 Aug 2014

Burger King main shareholder the big tax winner in Tim Hortons deal


TORONTO - Burger King's proposed $11.5 billion acquisition of Canada's Tim Hortons may offer big tax benefits to the U.S. fast food chain but the real tax winner is likely to be its controlling shareholder, 3G Capital.

29 Aug 2014

Key retirements mean a changing of the guard next year in U.S. Congress

Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.