August 2008
Shinsei Bank has announced that it is to acquire General Electric’s Japanese consumer finance business for ¥580 billion ($5.4 billion). The deal comprises GE’s personal loans unit, Lake, as well as its mortgage loans and credit card arms, and will bring Shinsei more than 2 million new customers as it seeks to combine its consumer finance and retail operations.
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August 2008
Moscow-headquartered investment bank Renaissance Capital has teamed up with France’s BNP Paribas to offer investors a diversified form of structured equity exposure to the Russian market.
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August 2008
Ecuador’s president, Rafael Correa, has an important decision to make in the coming weeks: whether social spending should take precedence over debt repayments.
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August 2008
Regional buoyancy and declining opportunities elsewhere are pulling banks into the Gulf region, bringing with them research capability. Local firms still lead Euromoney’s poll but foreign rivals are coming up fast. Rupert Wright reports.
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