Amex to sell private bank unit within weeks: source
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New York-based credit card and travel services company American Express Co  is expected to sell its private banking business within weeks, said a source familiar with the matter.
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U.S. and European banks including Citigroup Inc  and HSBC Holdings PLC  are considering selling off parts of their businesses as they prepare for tough times ahead, the Wall Street Journal reported.
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U.S. and European banks including Citigroup Inc  and HSBC Holdings PLC  are mulling sales of parts of their businesses from branches to entire units in a nod to crunch times ahead, the Wall Street Journal reported on its Web site on Thursday.
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The Financial Supervisory Service (FSS) will look into Citibankâs Seoul branch as well as other foreign banks as late as next month to check whether their private banking units have been
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Pier 1 Imports Inc.  on Wednesday said  it agreed to sell its private-label credit card operations to  JPMorgan Chase & Co.  for about $155 million.
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The bond-trading firm is selling its privately held BGC Partners brokerage unit to eSpeed, in a deal valued at $1.3 billion.
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Package delivery company FedEx Corp.  could become a target for private equity buyers because of its modest valuation and turnaround potential, Barron's reported in its July 9 issue.
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U.S. and European banks including  Citigroup Inc  and HSBC Holdings PLC  are mulling  sales of parts of their businesses from branches to entire  units in a nod to crunch times ahead, the Wall Street Journal  reported on its Web site on Thursday.
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Global credit squeeze undermining private sector sale of mortgage lender
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Dutch bank ABN AMRO  can proceed with its sale of U.S. unit LaSalle, the Dutch Supreme Court said, boosting the prospect Barclays  will succeed in its near $90 billion takeover bid for ABN.
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The unit was sold for $10.3 billion to a group of private equity firms that will take an equal stake in the company.
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US investment bank Morgan Stanley is to sell off its credit card unit, Discover after posting better than expected results.
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Fannie Mae, the largest U.S. home  financier whose top two executives left under fire with the  company significantly undercapitalized, said on Wednesday it  may privately sell up to $4 billion of preferred stock this  week.
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Financial services giant American Express Co. said yesterday it will spin off its financial advisory business so it can focus on the faster-growing charge and credit card, payments processing, and travel businesses. Its shares rose more than 6 percent.
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Swiss-based engineering giant ABB   is ready to sell off several divisions, including its  U.S. subsidiary Lummus and its German building technology  operation, the company&#039;s finance chief said at the weekend.
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American Express Co. AXP.N, the  global credit card and travel services company, on Tuesday said  it will spin off its personal finance unit, whose 12,000  advisers sell financial planning and other services to 2.5  million customers.
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Danversbank is headed to Wall Street. The $1.2 billion-asset bank has applied to the state Division of Banks to become a publicly traded company. The bank filed an application last week to convert from a mutual bank, owned by its depositors, to stock ownership. Sandler O'Neil and Partners LP, an investment bank, will handle the stock sale, which must be ...