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Shares of Unicredit fall sharply after pricing capital increase
News Shares of Italian bank Unicredit are now falling sharply after this morning setting the price for a €7.5bn capital increase.
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HSBC sells Maltese card acquiring unit
News Global banking titan HSBC is to offload its Maltese card acquiring business for €11.075m.
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RBS off US hook
News The US Department of Justice is dropping a deferred prosecution against the Royal Bank of Scotland (RBS) that has been hanging over the group's American operations since 2007.
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Small disposal by cash-strapped Thomas Cook
News Thomas Cook, the travel firm which came perilously close to bankruptcy earlier this month, has sold a property in the Netherlands to boost its cash flow.
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Old Mutual to sell Finnish Skandia arm
News Old Mutual, the FTSE 100 savings and investment group, said it had agreed terms to sell the Finnish branch of Skandia Life Assurance Company to insurer OP-Pohjola osk.
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Wednesday preview: Another unanimous MPC verdict expected
News There is not much happening on the corporate front on Wednesday, so attenton will be focused on the release of the minutes of the most recent meeting of the Bank of England's Monetary Policy Committee (MPC).
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RBS to relinquish control of property assets to Blackstone
News Royal Bank of Scotland (RBS) and private equity giant Blackstone Group are set to finalise a deal in which the British bank will relinquish control of 1.4bn pounds (2.17bn US dollars) of distressed property loans to the American group, a source familiar with the matter said on Monday, Reuters reports.
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RBS shake-up could put 18,900 jobs at risk
News Royal Bank of Scotland could shut down more than half of its Global Banking and Markets (GBM) division in an operation that may offload stockbroking business Hoare Govett before a complete closure of its equity business.
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Jam tomorrow as Premier Foods sells Chivers
News Premier Foods, the struggling foods group which is racing to reduce its debt so it can meet upcoming banking covenant tests, has offloaded four of its Irish brands.
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