Plea in Delhi High Court against Lakshmi Vilas Bank-DBS merger says shareholders shortchanged #Finance
#Europe : Close: British firm Persimmon fell after reporting 9% decline in 2020 revenue. In France, Carrefour is in early merger talk with Canada's Couche-Tard; stock surged 13%. Indices traded mixed. German Bank, Auto shares↓ #CAC +0.21 #DAX +0.11 #FTSE -0.13%.
D.C. banker poised to lead nation's biggest Black-run bank after merger
D.C. banker poised to lead nation's biggest Black-run bank after merger by AmerBanker 2021-01-04 18:10:58
Equity Bank Congo and Banque Commerciale Du Congo (BCDC) receive regulatory approval for merger
Nearly 2 years ago, Chairman Powell confirmed my worst suspicions: the @federalreserve hasn’t denied a single bank merger since the 2008 financial crisis. @RepChuyGarcia & I are introducing a new bill to make sure regulators do their jobs & stop rubber-stamping bank mergers.
In the past decade, the @federalreserve hasn’t denied a single bank merger application. It’s clear: the Fed works for the big, rich banks – and everyone else pays the price. Earlier this year, I told Chairman Powell: that needs to change.
When a bank merger happens, the new CEO outs every bad or doubtful debt he can find on his combined books to reduce his personal risks. [See what happened to Yes Bank.] It is called the great purge. So expect a huge jump in bad debts & provisions 4 the same next quarter.
Two drunks propping each other up. This picture describes a possible merger between Deutsche Bank and Commerzbank appropriately!
Bank merger move must be rooted in economic knowhow & not just a route to glossing over India’s swelling NPA problem