Citigroup wins final approval for China bank deal
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A consortium led by Citigroup Inc.   has won final regulatory approval for its $3.1 billion  purchase of 85.6 percent of Guangdong Development Bank (GDB),  the China Banking Regulatory Commission said on Monday, paving  the way for a restructuring of the troubled southern China  lender.
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Citigroup Inc. said yesterday it is buying the world's largest stand-alone online bank, London-based Egg Banking PLC, to expand its financial operations in Britain and its Internet expertise worldwide.
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AFTER more than two years of seeking opportunities in China, the Commonwealth Bank has reached an in-principle agreement to buy a stake in a third-tier bank, Jinan City Commercial Bank (JNCCB).
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An Australian court on Wednesday cleared Citigroup of insider trading charges brought against the world&#39;s biggest bank by the local corporate regulator.
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Citigroup said Tuesday that it had completed its move to take full control of Japanese brokerage house Nikko Cordial Corp., overcoming hurdles from financial difficulties at the US financial powerhouse.
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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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Capital One Financial Corp.  said on Friday it completed its $13.2 billion purchase of North Fork Bancorp Inc., becoming the 11th-largest U.S. banking company and third-largest retail bank by deposits in the New York metropolitan area.
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China has signaled a green light for the direct investment of insurance capital in the stock market. On October 24, the China Insurance Regulatory Commission (CIRC) and China Securities Regulatory Commission
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Wall Street bank JPMorgan  said  on Monday it had won final approval to set up a wholly owned  unit in China to strengthen its wholesale banking business in  the world&#39;s fastest growing major economy.
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Citigroup (CN: Quote, Profile, Research) said it agreed to sell its truck-financing business to GE Commercial Finance for $4.4 billion, concluding a recent spate of divestitures in its leasing operations.
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China's biggest bank is buying a 20% stake in South Africa's largest lender for $5.5bn.
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The move completed the first orderly transfer of power in Communist Party history, state media announced.
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Citigroup Inc., which long has sought to expand its retail banking operations to Texas, said Tuesday that it is acquiring the First American Bank of Bryan, Texas.
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Continuing to snap up branch networks in states with large Hispanic populations, Citigroup Inc. Tuesday, Aug. 24, agreed to buy First American Bank of Texas for an undisclosed price.
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Wall Street bank JPMorgan  said on Monday it had won final approval to set up a wholly owned unit in China to strengthen its wholesale banking business in the world's fastest growing major economy.
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Shanghai Automotive Industry Corp. China&#39;s largest carmaker, yesterday reached a final contract with creditors of Ssangyong Motor Co.
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Citigroup Inc. announced Monday that it was buying the world's largest stand-alone online bank, London-based Egg Banking PLC, to expand its financial operations in Britain and its Internet expertise worldwide.