Dutch gov't says Deutsche out of ABN talks

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.

Dutch state asks more time for ABN, Deutsche deal

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.

Santander Brazil unit IPO could exceed $5.6 bln

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.

Down under, UBS stealing deals thunder

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 profits rise, boosted by Fortis

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.

Dutch utility Essent scraps sale of waste unit

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.

ABN AMRO posts hefty Q1 loss, separation on track

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.

BNP Paribas completes Fortis Bank acquisition

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.

Fortis shareholders approve asset sale to BNP Paribas

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.


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RBS in talks with 3 banks on Asia assets - source

Royal Bank of Scotland is in talks with three banks interested in buying its Asian retail and commercial banking assets as it pulls back to core markets, a person familiar with the matter said.
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Habib, MCB eyeing RBS Pakistan unit

Two of Pakistan's biggest banks, Habib Bank Ltd (HBL) and MCB Bank (MCB), are competing to bid for Royal Bank of Scotland's local assets, which the market values at $266 million.
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Barclays weathers capital storm, eyes bigger prize

A pending asset sale and a clean bill of health from its financial regulator has calmed fears Barclays will need to raise cash, and backed up the bank's pledge to emerge as a victor from the financial crisis.
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RBS to cut more jobs

Royal Bank of Scotland will cut more jobs, Chairman Philip Hampton warned on Friday as he called for an end to the public flogging of the state-rescued bank over its past mistakes.