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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PARIS  - France launched the sale of at least 9.6 per cent of France Telecom, a move that could raise up to &#36;7.1 billion US that will be used to help the French government reduce its national debt.
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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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Swiss banking giant UBS says it will acquire Charles Schwab&#39;s (SCH ) brokerage unit, SoundView Capital Markets, as well as the Capital Markets Division of Schwab for $265 million in cash.
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French rogue trader Jerome Kerviel, whose unauthorised deals at Societe Generale cost the bank billions of euros, was taken into custody Friday after a court hearing in Paris, his lawyer said.
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US investment bank Lehman Brothers has offered to pay up to 800 million pounds (1.15 billion euros, 1.43 billion dollars) to buy British bankers Cazenove, the Financial Times reports.
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Charles Schwab announced early Tuesday it has reached a deal, as expected, to sell its Soundview Capital Markets unit to Swiss bank UBS for $265 million in cash.
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PARIS / LONDON: France said on Wednesday it will sell up to 12.1% of France Telecom to raise â¬5.8 billion ($6.9bn) and help cut national debt in Europeâs largest placing in four years.
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EURONEXT, one of the two rival potential bidders for London Stock Exchange, has strengthened its team by lining up a heavyweight French bank to help to raise funds.
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Chalone Wine Group has completed an unusual agreement to sell to France&#39;s Domaines Barons de Rothschild in a deal valued at $160 million, while retaining the right to shop itself to other bidders.
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Business: 7 October 2004, Thursday. Bulgaria's Economy Minister Lidia Shuleva invited the French BRED Banque Populaire bank to open a branch in Bulgaria.
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The French government asked two banks, France&#39;s Societe Generale SA and the Netherlands&#39; ABN Amro Holding NV, to handle the sale of the Air France-KLM stake involving some 48 million shares, according to a Finance Ministry spokesperson.
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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.Comment
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France is selling almost half its stake in Air France KLM, in a deal set to raise at least 700 million euros ($933 million), sources close to the operation said.
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The Dutch banking and insurance group ING said it had reached an agreement in principle to sell its troubled German unit ING BHF-Bank to the German private bank Sal. Oppenheim.
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The French government today announced plans to sell a 9.6 per cent stake or 236 million shares in France Telecom via a placement to institutions, in a bid to reduce public debt.
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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.