MUMBAI - Royal Bank of Scotland Group Plc is in talks to sell its Indian private banking business to Sanctum Wealth Management, a firm set up by its local private banking business head Shiv Gupta, a spokeswoman for the bank said on Monday.
ZURICH - Swiss bank UBS failed to impress investors with a jump in second-quarter profit and a boost to its capital as strong earnings from rival Credit Suisse last week had raised hopes for even better results. | Video
DUBAI - Royal Bank of Scotland (RBS) has ended its plan to sell its United Arab Emirates cash management and trade finance business to Abu Dhabi Commercial Bank (ADCB), sources familiar with the matter said on Monday.
SINGAPORE - DBS Group Holdings , Singapore's biggest bank, on Monday posted a better-than-expected 15 percent rise in second-quarter net profit, helped by higher interest rate margins, but warned of some uncertainty in the second half.
FRANKFURT - Germany's financial watchdog Bafin has cleared Deutsche Bank's former co-chief executive Anshu Jain of lying to the Bundesbank during investigations into interest rate manipulation, the Financial Times reported on Saturday.
LONDON - Barclays Plc is in exclusive talks to sell its retail banking business in Portugal to Spain's Bankinter , a person familiar with the matter said on Friday.
SAN FRANCISCO - A partnership between Uber Technologies and Banco Santander SA's U.S. auto loan unit is over, Uber told Reuters, removing one of the country's most prominent car lenders from a programme trumpeted by the app-based ride service.
ZURICH - Credit Suisse Group AG's new Chief Executive Tidjane Thiam signalled a strategy shake-up on Thursday, designed to focus on banking for the world's wealthy, particularly in Asia, and away from riskier securities activities.
- TSB Banking Group , being bought by Spain's Banco Sabadell for $2.5 billion (£1.60 billion), has urged British finance minister George Osborne to rethink his banking surcharge if he wants to encourage the growth of smaller "challenger" banks.
ISTANBUL - HSBC is set to agree to sell its Turkish business to Dutch lender ING Group for around $700 million-$750 million (480.06 million pounds) in the next few days, two people familiar with the matter told Reuters on Wednesday.