SEB has signed an agreement to sell its retail banking operations in Ukraine to Eurobank Group. SEB’s business in Ukraine is limited: at mid-year 2011, loan volumes amounted to less than SEK2bn. SEB will remain in Ukraine as a corporate bank, continuing to serve its Nordic, Baltic and German corporate and institutional customers.
The completion of the sale is conditional upon regulatory approvals and is expected to be finalised by mid-2012.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.