07/14/2013

Commerzbank Sale Hides as Much as It Reveals

Germany's second-largest bank said it is selling 5 billion euros ($6.5 billion) of loans to Wells Fargo & Co. and the private-equity firm Lone Star Funds at a 3.5 percent discount to book value.

07/12/2013

UK rebuffs private equity in Lloyds sale

Lloyds is expected to report a sharp rise in profit, which would raise hopes it can start paying dividends again in 2014 and increase its attractiveness to investors.

06/16/2013

Co-op Bank to fill £1.5bn hole

The Co-operative Group has reached agreement with the City regulator that the hole in the Co-op Bank is around £1.5bn, I have learned.