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IDBI Bank selects arrangers for $896 million share sale

  Bloomberg IDBI Bank Ltd., the state-backed Indian lender, picked arrangers including Citigroup Inc., Credit Suisse Group AG and Deutsche Bank AG to manage a share sale of about 60 billion rupees ($896 million), people with knowledge of the matter said. The Mumbai-based bank also chose HSBC Holdings Plc, JPMorgan Chase & Co., SBI Capital Markets Ltd. and IDBI Capital ...

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Canada Bank to generate 10% profit from global business

  Bloomberg National Bank of Canada seeks to generate at least 10 percent of profit from its international business by 2020, while looking to expand its stakes in Africa and Asia lenders into controlling positions, Chief Executive Officer Louis Vachon said. “We are looking to complement our Canadian growth — not substitute, but complement our Canadian growth — with a ...

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BBVA to cut 35 banking posts to reduce costs

  Bloomberg Banco Bilbao Vizcaya Argentaria SA is reducing its corporate and investment banking staff in the U.S. by about 10 percent as Spain’s second-biggest bank streamlines its business to focus on core clients. About 35 employees will leave the bank’s CIB business at BBVA’s offices in New York, Houston and Dallas, a spokesperson for the Bilbao, Spain-based bank said ...

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