NAB Remains In The Running For RBS UK Branch Network

Australian banking major National Australia Bank (NAB) and Virgin Money remain in the running for the acquisition of a 318 strong branch banking network owned by troubled British lender Royal Bank of Scotland (RBS), whilst Spanish banking giant Banco Santander remains the front runner, having hired Credit Suisse to advise on its bid.

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ANZ Wins In Principle Approval For Banking In India

Australian banking major ANZ has won an in principle regulatory approval from the Indian central bank for a foreign banking license in the country, which represents an advancement of its ambitions to transform into a super-regional lender.

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JP Morgan To Issue Kangaroo Bond

JP Morgan says it intends to be the first Wall Street bank to issue Kangaroo bonds since Lehman Brothers collapsed in 2008.

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AMP Profits Leap 27 Per Cent And Still Interested In AXA Asia Pacific

Craig Dunn, chief executive of Australian wealth manager AMP, the second largest fund manager in the country, says his company continues to be interested in acquiring AXA Asia Pacific Holdings (APH), and is assessing its next move.

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NAB May Bid For RBS UK Branch Network

Australian retail banking major National Australia Bank may team up with US private equity group Blackstone, and British buy-out firm Revolution in a potential bid for as many as 300 branches of troubled British banking giant Royal Bank of Scotland, according to the Financial Times.

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Macquarie Makes European Investment Banking Acquisition

Australian investment banking major Macquarie Group has acquired the research and investment banking operations of Luxembourg based private bank Sal Oppenheim.
Macquarie had recently acquired the private bank’s derivatives business in December last year.

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AMP Unlikely To Trump NAB’s AXA Bid

Craig Dunn, chief executive of Australian wealth manager AMP, has cooled on the prospects of acquiring AXA Asia Pacific holdings (APH), and according to The Australian  reportedly told managers at the company that the acquisition is not a “strategic must do”.

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Macquarie Still In Running For RBS Sempra

Despite the suggestion that JP Morgan has emerged as the preferred bidder for RBS Sempra, the commodity trading joint venture of RBS and Sempra Energy, Macquarie group still remains in the running, after negotiations with JP Morgan hit a road block at the weekend.

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Competition Regulator Begins Reviewing NAB’s AXA APH Bid

The Australian competition regulator says it has begun undertaking an informal review of Australian banking major National Australia Bank’s $13.3 billion proposed acquisition of AXA Asia Pacific Holdings.

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NAB May Make Bid For RBS Branches

The troubled British lender RBS has begun the auction process of more than 300 of its branches, allowing potential buyers until the month’s end to table a bid.

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