KeyCorp sells Champion Mortgage to HSBC, Fortress
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KeyCorp , a large Midwest U.S. bank, on Friday said it agreed to sell its Champion Mortgage subprime lending unit to Britain's HSBC Holdings Plc   and investment firm Fortress Investment Group LLC, so it can focus on consumer and business banking.
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Global bank HSBC Holdings  has won a government auction for Taiwan's The Chinese Bank Co Ltd, which had gross assets of approximately US$3.1 billion at September 30, it said in a statement on Friday.
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National Australia Bank, which owns the Clydesdale, has sold its two Irish banks to Denmark&#39;s largest bank for Â£967m in cash, a move will give hope of fresh investment in the Australian group&#39;s beleaguered Scottish operation.
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Northern Rock, one of Europeâs biggest casualties of the credit crisis, sold some of its mortgage portfolio to JPMorgan Chase.
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Bank of America agrees to acquire struggling mortgage firm Countrywide Financial, which has been hit by the credit crisis.
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Banking giant HSBC is moving to expand its presence in Asia through the acquisition of Korea First Bank. It has also been reported that Standard Chartered is competing with its
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Host Marriott Corp. said Wednesday that it is selling a majority of its stake in Courtyard hotels to an institutional investor for $92 million in a move to divest a noncore asset.
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Bank of America Corp said on Friday it agreed to acquire Countrywide Financial Corp, the largest U.S. mortgage lender, in a $4 billion transaction that could help avert one of the biggest collapses in the U.S. housing crisis.
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HypoVereinsbank, Germany's second biggest bank, said it had agreed to buy a portfolio of loans to mid-size corporate customers from ING BHF-Bank, the German arm of Dutch financial services group ING.
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SEOUL: Global banking giant HSBC has agreed to buy Korea First Bank in a deal which will put the British bank in competition with its US rival Citigroup in the world&#39;s 11th largest economy, a source said yesterday.
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Bank of America Corp said on Friday it would buy battered mortgage lender Countrywide Financial Corp for $4 billion, a move that could avert one of the biggest collapses in the U.S. housing crisis.
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Accredited Home Lenders Holding Co.  , a struggling subprime mortgage lender, has agreed to  be acquired by private equity firm Lone Star for $400 million,  the companies said on Monday.
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Bank of America Corp said on Friday it agreed to acquire battered mortgage lender Countrywide Financial Corp in a $4 billion transaction that could help avert one of the biggest collapses from the U.S. housing crisis.
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Citigroup&#39;s European headquarters in London has been sold to a consortium led by an Irish private-equity company for 1.0 billion pounds (1.48 billion euros, 2.01 billion dollars), the buyers said Monday.
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Thomson Corp., owner of the Westlaw legal-research and First Call financial data services, will sell its media unit, which includes the Bond Buyer and American Banker magazines, for $350 million to buyout firm Investcorp SA.
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London (ots/PRNewswire) - Eurocastle Investment Limited (LSE: ECT), an investment company managed by Fortress Investment Group LLC, today announced the acquisition of a portfolio of 109 properties from Deutsche Bank AG for approximately Euro 300 million.
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HSBC has agreed to buy a 10 percent stake of a leading Vietnamese insurance company, as the global banking giant continues its Asian expansion strategy.