Category Archive: Financial Institutions

JAPAN’S BATTLE AGAINST AN AGEING POPULATION: MITSUI SUMITOMO INSURANCE AND AMLIN FORM A WORLD-LEADING INSURANCE COMPANY

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Mitsui Sumitomo Insurance Group will acquire British insurer Amlin Plc. The deal follows a recent trend of Japanese insurers turning to international acquisitions to hedge against the liability of Japans’ ageing population by… Continue reading

A EUROPEAN FUND MANAGEMENT POWERHOUSE: SANTANDER AND UNICREDIT COMBINE THEIR ASSET MANAGEMENT UNITS

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Banco Santander will combine its asset management arm with Pioneer Investments, a unit of Unicredit. The combined company will manage $429 bn in assets. This deal follows the recent trend in the M&A… Continue reading

AN EMERGING INTERNATIONAL BANK: SABADELL BUYS TSB FOR £1.7 BN

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Spanish institution Banco Sabadell (SAB.MC) agrees to pay £1.7 bn for TSB (TSB.L), Britain’s seventh biggest lender with 631 branches and 4.3% market share, in one of the biggest cross-border banking deals since… Continue reading

A SUBPRIME RENAISSANCE: CITIGROUP SELLS ONEMAIN TO SPRINGLEAF

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Springleaf Holdings Inc. set to buy Citigroup Inc’s OneMain Financial Holdings for $4.25bn in cash, forming the largest subprime lender in the United States. Citigroup’s strategy to sell its non-core operations and focus… Continue reading

KOTAK MAHINDRA BUYS ING VYSYA AND DOUBLES ITS SIZE

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The Kotak Mahindra Bank’s all-share acquisition of the mid-sized player ING Vysya has been agreed for at a value of 150 billion Rs, around $2.4 billion. Announced on November 20, 2014, the Kotak… Continue reading