Italy, EU close to revive GACS bad loans, sources say

The program ended in June, the market is awaiting renewal Under the new terms, Italians will only make up 80% of the senior team Labels for state support information have not changed ROME, Jan 26 (Reuters) – Italy is close to reaching an agreement with the European Union’s competition authorities to reintroduce a program in … Read more

Nord Anglia Education injects 2 bln euro farm loan into market tests

LONDON, Jan 26 (Reuters) – Nord Anglia Education, a private school organization in London is supported by the private equity firm EQT. (EQT.N)raised about 2 billion euros ($2.18 billion) in debt on Thursday, according to a time sheet seen by Reuters. The deal could help pave the way for potential lending by other media companies, … Read more

Barclays names former Credit Suisse investor Deasy as head of investment banking

Jan 24 (Reuters) – Barclays (BARC.L) said Tuesday that he previously hired Credit Suisse (CSGN.S) entrepreneur Cathal Deasy as head of investment banking. Deasy will work closely with Taylor Wright, the head of global capital markets, the British bank said. Deasy leaving Credit Suisse a few weeks ago, just months after being promoted to regional … Read more

Credit Agricole has no plans to increase Banco BPM’s stake above 10%

MILAN, Jan 24 (Reuters) – Credit Agricole (CAGR.PA) has no plans to increase its stake in Banco BPM above 10%, the head of the Italian bank of France said on Tuesday. Credit Agricole last year became the sole shareholder in Banco BPM, Italy’s third-largest bank, after buying a 9.2% stake, with the intention of expanding … Read more

Qatar Investment Authority raises stake in Credit Suisse to less than 7%

DUBAI, Jan 23 (Reuters) – Qatar’s sovereign wealth fund has increased its stake in Credit Suisse (CSGN.S) at less than 7%, making the Swiss bank the second-largest shareholder after the Saudi National Bank, in a sign that its business bases in the Gulf are growing in importance. The Qatar Investment Authority (QIA) bought 139.03 million … Read more

Protesters target BNP in Paris over loan to oil company

PARIS, Jan 20 (Reuters) – Protesters from the movement End Rebellion gathered outside BNP Paribas. (BNPP.PA) building in Paris on Friday to protest the French bank’s loan to an oil giant leading an East African oil pipeline project. About 40 participants defaced the sign of the BNP office in the center of the Opera quarters … Read more

Hedge fund manager Boaz Weinstein bets the market is wrong at Credit Suisse

LONDON, Jan 17 (Reuters) – Hedge fund manager Boaz Weinstein doesn’t believe Credit Suisse will default on its debt but if it does, the deal he has on the bank could be a winner mostly, it shows how the market hedge takes advantage of market uncertainty. try to make it more organic. Investors have stepped … Read more

Intesa Sanpaolo said it repaid 20 billion of ECB loans

MILAN, Jan 13 (Reuters) – Italy’s Intesa Sanpaolo (ISP.MI) said on Friday that it had repaid about 20 billion euros ($21.61 billion) in loans from the European Central Bank (ECB). The early repayment gives the group about 76 billion euros in the funds of the Targeted Longer Term Refinancing Operation (TLTRO) III, added the bank. … Read more

UBS has no desire to buy Credit Suisse, the chairman said in a press release

ZURICH, Jan 14 (Reuters) – UBS (UBSG.S) he has no interest in buying Swiss financier Credit Suisse (CSGN.S)said the Chairman of the bank Colm Kelleher in an interview published on Saturday. It was Morgan Stanley first (MS.N) The president said he was focused on organic growth rather than acquisitions and expanding his business in the … Read more

HSBC customers in the US sent random emails on mortgages, resettlement

Jan 6 (Reuters) – HSBC disappointed (HSBA.L) Bank customers in the United States took to the media on Friday to complain about the unknown emails they received from the bank about home loans and relocation. “Congratulations on your new mortgage with HSBC Bank,” said one of the messages sent to customers who said they had … Read more