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Next week, Italian bank Banca Monte dei Paschi di Siena may announce a sale of about 50 million euros of its division in Belgium to the American investment fund Warburg Pincus, L’Echo reported, citing informed sources. The Belgian business of the bank is represented by its eight branches. They provide account opening and investment management services, as well as provide loans to individuals and legal entities. The agreement concluded earlier by the Italian bank with the European Commission, involves the sale of the Belgian business and units in France. The agreement allowed the Italian authorities to assist Monte Paschi in the amount of 5 billion 400 million euros.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
On Tuesday, Ebay Inc. (EBAY.O) announced that it had reached a deal to sell off its classified ads business unit to Adevinta ASA (AD5B), a Norway-based classified ads publisher owned by Danish media company Schibsted (SBSTA.OL). The classified ...
The Securities and Exchange Commission (SEC) announced on Monday that UBS Financial Services Inc. (UBSG) would pay more than $10 Million to resolve charges regarding certain municipal bond offerings. UBS has agreed to pay the fine after SEC ...
Major Japanese banks saw record demand for the corporate loans that were offered since April as the COVID-19 pandemic continues to have companies rushing in to build up cash reserves, according to a central bank survey on Friday. The figures ...
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