Finance News
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Goldman Sachs Group Inc. ended a seven-year investment in Industrial & Commercial Bank of China Ltd. by selling a $1.1 billion stake in the world’s largest lender by market value, a person familiar with the matter said.
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Record stock sales and a growing economy are helping Poland solidify its position as central Europe’s busiest financial center, even as euro-area neighbors struggle to shake the sovereign-debt crisis.
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Bank managers in the U.S. are less likely to engage in mergers and acquisitions this year as regulators heighten scrutiny on potential deals and sellers wait for higher valuations, according to a KPMG LLP survey.
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Denmark’s banks are preparing a campaign that will target the country’s lawmakers in an effort to prevent the nation exceeding European regulatory standards.
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