Egg to sell French unsecured lending ops to Banque Accord
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Egg, the Internet bank majority-owned by British insurer Prudential, said it had agreed to sell its French unsecured lending business to Banque Arnold for up to 140 million euros (177 million dollars) in cash.
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Business & money: French desperate to keep bank out of foreign hands
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France launched the sale of at least 9.6 per cent of France Telecom, a move that could raise up to $7.1 billion US that will be used to help the French government reduce its national debt.
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Santander Central Hispano's Â£8.6bn ($15.3bn) bid for UK lender Abbey will help create a single regional financial market, the European Union's Mario Monti says.
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The Swiss National Bank on Friday released terms of its temporary term auction facility:
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The French bank said that the fraud had been committed by a trader in charge of hedging on European index futures.
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Royal Bank of Scotland , Barclays  and Citigroup  have offered to securitise half of the Bank of England's emergency loan to Northern Rock , The Sunday Telegraph reported, without citing sources.
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Â· Company faces insolvency without Â£400m cash boostÂ· Public-private deal was driven by Treasury
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Life insurer Prudential sells its internet bank Egg to US banking giant Citigroup for Â£575m.
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Enough to pay the lawyers off The SCO Group, which earlier this month filed for bankrupcy protection, says it has received an offer for its Unix business.â¦
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Credit Agricole, France&#039;s biggest bank, could reportedly buy British bank Alliance and Leicester within weeks.
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Bank of America, the Credit Suisse Group and UBS announced yesterday that they would join five other banks as members of a private system that lets institutional investors trade unregistered securities.
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The discount broker is in talks with UBS to sell its capital markets division.
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Stricken bank Northern Rock said Friday it had sold part of its mortgage book to US investment bank JP Morgan for 2.25 billion pounds (4.39 billion euros, 2.97 billion dollars) in cash.
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Chancellor Alistair Darling has announced proposals to help sell the struggling bank to a private buyer.  Will the government's plan work?
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Barclays, the third-biggest British bank, said it had made an undisclosed offer for the wealth business of ING Securities Bank (France), a unit of Dutch banking giant ING Group.
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The British Treasury said it would facilitate a sale of the troubled mortgage lender while trying to ensure that taxpayers will not have to pay for the bankâs rescue.