Financial Services & Real Estate Headlines

Mon, May 25 2015

Samsung's Cheil Industries to acquire affiliate Samsung C&T

SEOUL - Samsung Group's holding company Cheil Industries Inc said on Tuesday that it will acquire affiliate Samsung C&T Corp by September, the latest step in the restructuring of South Korea's biggest conglomerate.

25 May 2015

UBS seeks to offload Australian wealth unit to management: source

ZURICH - UBS is seeking to offload its private bank in Australia to the unit's management following a review of underperforming businesses at the Swiss bank, a source with direct knowledge of the matter told Reuters on Monday.

25 May 2015

Fri, May 22 2015

PartnerRe moves to shareholder vote on Axis merger

MILAN/NEW YORK - Bermuda-based reinsurer PartnerRe will ask its shareholders to vote on a merger with Axis Capital Holdings agreed in January, after rival bidder Exor refused to further sweeten its $6.8 billion offer.

22 May 2015

Citigroup selling retail online FX trading platform to FXCM, Saxo Bank

Photo

NEW YORK - Citigroup said on Friday it is selling its margin foreign exchange business, including the CitiFX Pro and TradeStream platforms to U.S.-based FXCM and Danish investment bank SAXO Bank.

22 May 2015

CVC-Permira group preferred bidder for Italy's ICBPI: sources

MILAN - The owners of Istituto Centrale Banche Popolari (ICBPI) have picked a consortium comprising private equity funds CVC Capital Partners and Permira as preferred bidder to buy the Italian banking services provider, several sources close to the matter said.

22 May 2015

Exclusive: Altice seeks financing for Time Warner Cable bid: sources

Photo

SAN FRANCISCO/LONDON - French telecommunications group Altice SA is talking to several banks about raising debt for a potential bid for Time Warner Cable Inc, the second-largest U.S. cable operator, according to people familiar with the matter.

22 May 2015

Dutch government set to recommend ABN Amro privatization

AMSTERDAM - The Dutch government is set to recommend on Friday that ABN Amro [ABRGPA.UL] bank return to private hands via a stock market listing -- seven years after it was nationalised during the 2008 financial crisis.

22 May 2015

Altice’s Suddenlink acquisition financing raises concerns

LONDON - Acquisitive European telecoms firm Altice surprised the market with yet another large M&A deal this week, revealing plans to buy US regional cable firm Suddenlink Communications for $9.1 billion.

22 May 2015

ABN Amro to be listed in stages: Dutch media

AMSTERDAM - Dutch bank ABN Amro, nationalised after the financial crisis, should start its return to market this year with the sale of a first tranche of up to 30 percent of its shares, the government decided on Friday, according to Dutch media.

22 May 2015

HSBC confirms may sell Brazil unit after suitors show interest

Photo

HONG KONG/LONDON - HSBC Holdings Plc is exploring the sale of its Brazilian unit after interest in the business stepped up and Santander's Brazilian arm said it would consider a purchase.

Deals, Brazil 22 May 2015

Mike Huckabee shows support for reality star with flawed past

Republican Mike Huckabee, a 2016 presidential candidate, has lent his support to the star of the TLC series 19 Kids and Counting, Josh Duggar, after it was discovered that the father of 19 had sexually molested under-age girls as a teen.