ABN AMRO

BNP Paribas, France's largest bank, is close to selling its stake in ABN AMRO TEDA Fund Management Co in China, in a step toward complying with Chinese mutual fund regulations.

France's BNP Paribas and Belgian insurer Fortis will take a majority stake in the non-life insurance unit of Italy's UBI Banca, the buyers announced on Thursday.

Deutsche Bank has backed out of talks to buy a package of assets from nationalised bank ABN AMRO under a deal mandated by the European Commission, the Dutch finance ministry said on Thursday.

The Dutch state has asked the European Commission (EC) for more time to reach agreement over the sale of some ABN AMRO [ABNNV.UL] assets to Deutsche Bank, the Dutch Finance Ministry said on Saturday.

Banco Santander SA, the Brazilian unit of Spain's Santander, filed on Thursday for an initial public offering in Brazil and the United States, in what could become one of the largest IPOs of the year.

Banco Santander SA, the Brazilian unit of Spain's Santander , filed on Thursday for an initial public offering in Brazil and the United States, in what could become one of the largest IPOs of the year.

The Australian unit of Swiss bank UBS AG thriving, even as its parent struggles in the global financial crisis, and has earned a reputation for snatching deals from rivals and making a success of them.

BNP Paribas , France's biggest bank by market value, posted higher second-quarter profit on Tuesday, helped by its purchase of Fortis assets, and expressed some optimism over prospects for financial markets.

Belgian-based financial group Fortis said on Monday it faces a legal claim for 362.5 million euros ($506 million) from a former unit now owned by the Dutch state.

Dutch utility Essent scrapped the sale of its waste-management unit, blaming low prices and other problems with bids for the failure of an auction that had once aimed to raise a billion euros or more.

Dutch state-controlled bank ABN AMRO NV posted a 886 million euro ($1.24 billion) after tax loss in the first quarter, with most of the total incurred by units in the process of being transferred to Royal Bank of Scotland.

Europe’s largest bank, BNP Paribas Group, said on Tuesday said it has finalized acquisition to Fortis Bank with the approval of the Europe commissioner, in a deal that the biggest banking group across the Europe.

France BNP Paribas said Wednesday it has approved its sales from the Belgium Fortis Holding’s shareholders, in a deal that builds a new industry as the biggest banking group across the Europe by €540 billion or $706 billion deposits.

During the SARS outbreak, which began in China, airline traffic in Asia halved, and airline stocks tumbled 25 percent or more.

The chairman of Fortis is optimistic investors will back a deal to sell assets to France's BNP Paribas, even without the support of Fortis's largest shareholder, he said on Monday.