Topic: Cross-border transactions

Crédit Agricole secures Australian licence, Ashurst advising

French bank Crédit Agricole has become one of the few foreign banks to operate in Australia, receiving a licence that will see the bank expand into lucrative Asian finance.

05 January 2022

Fintech acquires Germany’s Fondsdepot bank, Ashurst advising

Ashurst is advising Scottish-New Zealand fintech FNZ as it acquires German bank Fondsdepot.

10 November 2021

Bank inhousers back voluntary carbon market at ISDA event

In-housers at Citi and Deutsche Bank have urged rapid regulation of the voluntary carbon market in the run-up to COP26 at an ISDA event in London, saying that it’s the only way to avoid greenwashing’s “kiss of death” – but they don’t want that regulation to come from government.

27 October 2021

Simmons & Simmons advises on UK-Kuwait Islamic digital bank creation

A Kuwaiti bank advised by Simmons & Simmons has established the world’s first international Islamic digital bank.

13 August 2021

Brazil to develop digital currency plans

Brazil’s central bank has released guidelines for a digital real, promising further change to the country’s payments landscape after its approval of WhatsApp Pay and the introduction of a local digitised payments system.

26 May 2021

Santander targets total ownership of Mexican unit, with Cleary advising

Spain’s Banco Santander is launching a bid to reacquire the remaining stake in the Mexican unit it sold almost a decade ago.

29 March 2021

Greece’s Alpha Bank offloads €10.8 billion NPL portfolio, with White & Case advising

Greece’s second-largest bank, Alpha Bank, has agreed the sale of a €10.8 billion portfolio of non-performing loans to US private equity fund Davidson Kempner, following a governmental push to reduce the country’s NPL pile.

03 March 2021

Pérez Alati advising UBS on Argentine investment banking venture

UBS’s Brazilian joint venture will provide investment banking services in Argentina under a new agreement with a local bank, its first such deal since it was set up in October.

25 February 2021

Sullivan & Cromwell and Wachtell Lipton advise as PNC buys BBVA USA

Pittsburgh-based PNC has agreed the purchase of Spanish bank BBVA’s US subsidiary – setting off a regulatory approvals process that will extend into the Biden administration.

18 November 2020

Digital euro could threaten bank business models, ECB says

The European Central Bank has warned that a digital euro could alter banks’ entire business models and encourage greater risk-taking behaviours.

20 October 2020

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