HSBC takes $2.3 billion hit with PE-sale of French retail bank

HSBC takes $2.3 billion hit with PE-sale of French retail bank

HSBC has agreed to sell its French retail bank to Cerberus-backed My Money Group in a deal which will mean a loss of around $2.3bn for the British bank but end its long struggle to dispose of the business as it focuses on Asia. The deal announced on Friday sees HSBC...
Mitsubishi HC Capital to buy CAI International for $1.1bn

Mitsubishi HC Capital to buy CAI International for $1.1bn

Transportation finance and logistics company CAI International Inc said on Thursday it has agreed to a $1.1 billion takeover by Mitsubishi HC Capital Inc, as the Japanese financial firm expands its overseas operations. The deal consists of $104 million worth of...