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Exit from EU would be disaster for UK, says Deutsche Bank

  Bloomberg Deutsche Bank AG Chairman Paul Achleitner has become the latest global banking leader to warn about the potential fallout if UK voters decide to leave the European Union. A yes vote next week on the so-called Brexit would be an “economic disaster for the UK and a political disaster for the EU,” Achleitner said at a dinner Wednesday ...

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Morgan to give Airbnb US$1bn debt facility

  Bloomberg Airbnb Inc secured a US$1 billion debt facility from some of the largest U.S. banks to help the home-sharing company develop new services and fund growth initiatives, people familiar with the matter said. The debt deal was led by JPMorgan Chase & Co, Citigroup Inc. and Bank of America Corp Morgan Stanley also participated, according to the people, ...

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Government approves merger of 5 associate banks with SBI

  Bloomberg State Bank of Bikaner & Jaipur and State Bank of Mysore shares surged for a second day as India approved the merger of the lenders with their parent, amid a government push to strengthen the nation’s fragmented banking industry. Bikaner Bank rose 18 percent in Mumbai to a five-month high, while SBM climbed 20 percent to the highest ...

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