OTP Bank had prepared to purchase the shares owned by the Hungarian Post Office and the Hungarian development bank.
Commercial banks
Affin Holdings in talks for Hwang-DBS asset buy
Affin Holdings Bhd (AHB) was picked over its biggest competitor, AMMB Holdings Bhd (AMMB), to start talks in purchasing most of Hwang-DBS Malaysia Bhd's investment banking assets.
Afghanistan gov't looking to privatize Kabul Bank - report
The government of Afghanistan would be looking for favorable bidders for the privatization of the New Kabul Bank.
RHB Bank to appoint Khairussaleh Ramli as deputy CEO- sources
Sources told Reuters that RHB Bank of Malaysia would poach Maybank's Indonesian unit head Khairussaleh Ramli and appoint him as RHB's new Deputy CEO.
Termsheet reveals Bank of America sells USD 1.5 billion stake in China Construction Bank Corp
A term sheet seen by Reuters revealed that Bank of America Corp would exit from China Construction Bank Corp by selling shares worth USD 1.5 billion.
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The leading firms in the bidding consortiums for EVO Banco have been reported by the Financial Times.
Mark Carney, Chairman of the Financial Stability Board, said banks had infused fresh capital amount to half a trillion dollars since 2009.
The Central Bank of Malaysia said no to the proposal of BIMB Holdings to issue Islamic bonds to fund its purchase of Bank Islam.
A source told Reuters that the FHFA would settle the lawsuit it filed against JPMorgan Chase & Co on subprime mortgages for at least USD 6 billion.
George Koutsos was named the new Deputy Chief Executive of the Hellenic Financial Stability Fund, replacing Marios Koliopoulos.
The new agreement between US and Swiss governments would allow payment of fines or deferment of prosecution from tax evasion committed by US clients.
Hedging against possible long term structural changes with Blackberry, Morgan Stanley has put on hold the purchase of new devices from the Canadian company amidst the turmoil the smartphone company is now facing.
RHJ International had said that Germany's banking regulator would probably give its decision on its planned acquisition of BHF-Bank by September's end.
The Merrill Lynch unit of Bank of America corp would pay USD 160 million to settle a discrimination lawsuit filed by African-American financial advisers.
