Financial Services & Real Estate Headlines

Fri, Feb 12 2016

Deutsche Bank to buy back more than $5 billion in bonds

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FRANKFURT Deutsche Bank will buy back more than $5 billion in senior debt, it said in a statement on Friday, sending its shares higher.

12 Feb 2016

Oaktree appoints banks for planned sale of SGD Pharma: sources

PARIS Oaktree Capital plans to sell its stake in SGD Pharma, a French company that specializes in making glass packaging for the pharmaceutical sector, and has mandated JP Morgan and Lazard to drive the process, two sources close to the deal told Reuters on Friday.

12 Feb 2016

Growing trust helps flurry of Sino-German deals

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FRANKFURT A flurry of sales of German and Swiss companies to Chinese buyers in the past month is testament to increasing Chinese expertise in European bidding processes and growing trust, German bankers and advisers say.

12 Feb 2016

Thu, Feb 11 2016

Visa discloses 9.99 percent stake in Dorsey-led Square

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Visa Inc , the world's largest payments network operator, disclosed a 9.99 percent holding of Class A shares in mobile payment firm Square Inc .

11 Feb 2016

Senate panel to hear from U.S. antitrust bosses

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WASHINGTON The Senate Judiciary Committee's antitrust subcommittee will hear from the top U.S. antitrust bosses next month to discuss a wave of big mergers over the past year, according to a staffer briefed on the hearing.

AIG strikes deal with Icahn, avoids proxy fight

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American International Group Inc capitulated in its boardroom fight with activist investor Carl Icahn, nominating both his representative and billionaire John Paulson to its board, as it unveiled a bigger-than-expected quarterly loss.

11 Feb 2016

Banco Popolare, BPM set to seal merger this month if ECB approves: sources

MILAN Banco Popolare and Banca Popolare di Milano (BPM) are ready to announce a merger to create Italy's No. 3 bank this month if regulators give the green light, three sources close to the matter said on Thursday.

Deals, Italy 11 Feb 2016

M6toll motorway debtholders tap UBS for potential $2.75 billion exit: sources

LONDON Lenders in Britain's M6toll motorway are seeking an exit and are working with UBS on a potential deal they hope will recoup them some 1.9 billion pounds ($2.75 billion) of debt, people familiar with the matter said on Thursday.

11 Feb 2016

Wed, Feb 10 2016

Elavon Brazil sale to include U.S. Bancorp controlling stake -sources

SAO PAULO U.S. Bancorp will likely join partner Citigroup Inc and sell its stake in Elavon do Brasil, a Brazilian credit card processing joint venture that Citigroup has been trying to exit since late last year, two sources involved in sale talks told Reuters.

Deals, Brazil 10 Feb 2016

N.Y. governor urges U.S. to block KeyCorp-First Niagara merger

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NEW YORK New York Governor Andrew Cuomo on Wednesday urged federal regulators to block KeyCorp's plan to acquire First Niagara Financial Group Inc , saying the merger would impede retail banking competition and cost thousands of jobs upstate.

10 Feb 2016