State Bank is set to take over the fifth-largest lender in Mongolia. Savings Bank, Mongolia's former fifth-largest lending entity, will be taken over by its state-owned competitor, State Bank after being declared insolvent.
Commercial banks
Mitsubishi UFJ, to sell Thai unit for Ayudhya Bank stake
Mitsubishi UFJ plans to offer its Thai branch for a controlling stake in Bank of Ayudhya. Mitsubishi UFJ Financial Group Inc. has decided to offer for sale of its Thai branch to Bank of Ayudhya Pc1 for an 8% stake in the company, according to three sources familiar with the deal.
Colonial Savings Appoints Davis DFW Commercial Bank President
Colonial Savings puts a financial services veteran as new DFW Commercial Bank President. Colonial Savings has named veteran financial services professional Brent Davis as the new DFW Commercial Bank President.
Bank of Cyprus possible restructure to retail and asset management
The Bank of Cyprus is thinking of restructuring its operations into retail and asset management. The Bank of Cyprus is considering the possibility of splitting its operations as part of its restructuring scheme.
PacWest agrees to pay $2.3 Billion in Cash, Stock for CapitalSource
PacWest Bancorp agreed to purchase CapitalSource for $2.3 billion in cash and stock. PacWest Bancorp (PACW), a California-based bank holding company, has agreed to buy commercial bank CapitalSource Inc.
Latest News
Julius Baer's profit fall 30% due to tax charges and a merger. Julius Baer Group AG said its profits fell due to two pressing concerns. These were a merger for expansion and a UK tax treaty.
China discards lending rates to allow financing institutions more freedom in packaging their lending rates.
The German government may be divesting its interest in Germany's second largest lender within the year.
Spanish lender BBVA agrees to sell its Panama unit for US $646 million in favor of Colombia’s second biggest banking conglomerate.
Financial firms' physical commodity trading may come to an halt as the Fed reconsiders its policy on this.
Sheik Mansour's stake in Barclays was sold last month. Sheik Mansour bin Zayed al-Nahyan of Abu Dhabi sold his shares in Barclays. In a regulatory filing last month, the bank said that the Sheik's investment vehicle, PCP Gulf Invest 3, sold its 758.
Recent Ukrainian court practice was deemed to affect commercial transactions. Recent practices of courts in Ukraine were deemed to negatively affect commercial banking transactions.
Opus Bank gears up for the expansion of its Income Property Banking division with the creation of Commercial Real Estate Banking division.
PacTrust Bancorp's merger is “unique to Southern California,” according to Robert Franko, PacTrust Bank President and CEO.
