CYBG, the parent group of Clydesdale Bank and Yorkshire Bank, is to acquire Virgin Money for £1.7bn (€1.9bn), potentially boosting the reach of CYBG’s SME lending operations.…
BNP Paribas LS to acquire IKB Leasing Romania
BNP Paribas Leasing Solutions has signed a memorandum of understanding to acquire IKB’s leasing operations in Romania for an undisclosed sum.…
IKB reveals details of PEAC leasing business sale
The February sale of German bank IKB’s leasing businesses to PEAC excluded operations in Slovakia and Romania, IKB’s latest financial statement show.…
Cambridge & Counties plans coverage and asset funding expansion
Cambridge & Counties Bank has set out plans to grow its footprint an expand its presence in niche asset funding segments.…
Barclays appoints head for manufacturing and logistics
Barclays has appointed a head for the manufacturing, transport and logistics segment within corporate banking, serving middle- and upper-size companies.…
ING enters online marketplaces in Netherlands and Germany
ING has expanded its presence into online marketplaces for SME finance, partnering with Funding Options in the Netherlands and FinCompare in Germany.…
UniCredit and SocGen in possible merger talks: report
Italy’s biggest banking group UniCredit is in talks to merge with France’s Societe General (SocGen), according to reports, in a move that would exponentially expand the two bank’s ca…
Cambridge & Counties gets £100m BBB guarantee
Cambridge & Counties Bank has obtained a £100m (€114m) guarantee under the British Business Bank (BBB)’s Enable programme.…
Secure Trust Bank reaches £2bn in ABL
Secure Trust Bank’s asset-based lending book reached £2bn (€2.2bn) as of May, doubling its size over the last 12 months, the bank has said.…
Lloyds drops financing fees for nuclear plant suppliers
Lloyds Commercial Banking has waived fees on funding for SME customers involved in the construction of Britain’s Hinkley Point C nuclear plant.…