Poland to Offer 7.2% of PKO Bank Polski -Report
The Polish government will offer for sale 7.2% of PKO Bank Polski SA (PKO.WA), Poland's largest lender by assets, in an accelerated book building expected to finish Wednesday, daily Rzeczpospolita reported citing unnamed sources.
Nordea 2Q Net Profit Rises, Sees Low Econ Growth Hitting Demand
Swedish lender Nordea Bank AB (NDA.SK) Wednesday reported a forecast-beating rise in second-quarter net profit on growing lending margins, but cautioned that low economic growth is weighing on demands for loans and banking services in the Nordic region.
Credit Suisse 2Q Net Up 3.6%
Credit Suisse Group (CS) said Wednesday its second-quarter net profit rose 3.6% from a year earlier, and it is planning to increase its capital by 15.3 billion Swiss francs ($15.6 billion).
Credit Suisse Places CHF3.8 Billion In 4% Convertible Securities
Credit Suisse Group (CS) Wednesday said it placed 3.8 billion Swiss francs of 4% Subordinated Mandatory and Contingent Convertible Securities ("MACCS"), which are mandatorily convertible into 233.5 million shares at a conversion price of CHF16.29 per share on March 29, 2013.
JAL Drops Nomura as IPO Global Coordinator
Japan Airlines Co. has dropped Nomura Holdings Inc. (8604.TO) from its previous role as joint global coordinator of the carrier's expected $6 billion-plus initial public offering of shares, a person familiar with the matter said Wednesday.
Swedbank 2Q Net Profit Drops, Sees Risk Of European Recession
Swedish lender Swedbank AB (SWED-A.SK) Wednesday said the macroeconomic outlook remains uncertain with a risk of recession in Europe as it reported a drop in second-quarter net profit, driven by higher loan losses following big reversals last year.