Shares of Chinese regional lender Shengjing Bank Co. surged as much as 23% in Hong Kong trading on Monday, after its state-backed shareholder said it will raise an offer to take the bank private. The ...

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State-backed Shenyang Shengjing Financial Holding Investment Group sweetened its privatization offer for Chinese regional lender Shengjing Bank Co. in a bid to win shareholder backing for the deal.

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SEOUL (Reuters) - The global downturn is forcing South Korea, Thailand and Indonesia to put on ice long-planned privatizations of banks which are either now needed as policy tools or look ...

IN ROMANIA, bank privatization and foreign involvement go hand in hand. Société Générale’s purchase of 51% of Romanian Development Bank (BRD) in 1999 was the first milestone. After Austria’s Erste ...

Citizens Financial Group announced in February that it had hired two ex-JPMorgan Chase executives, Michael Cherny and Tom Metzger, to lead its fledgling private bank. Citizens Financial Group's ...

JPMorgan Chase is earmarking another $50 billion for its direct lending efforts. Kena Betancur -VIEWpress/Getty Images These alliances come at a time when the appetite for private credit is growing.

Is it possible to transform a country’s financial system from one that is a source of misallocation of resources into one that is a source of efficient allocation and finance-induced growth? I answer ...