HSBC Agrees to Sell Egypt Retail Banking Business to Emirates NBD Egypt

ABN AMRO to Acquire NIBC Bank From Blackstone in €960 Million Deal

November 12, 2025

Financial Services

ABN AMRO agreed to acquire NIBC Bank from Blackstone for an estimated €960 million (0.85x book value), strengthening ABN AMRO’s retail and commercial banking presence in the Netherlands. The deal is expected to close in the second half of 2026, subject to regulatory approvals and works council consultations, and includes integration steps such as merging certain mortgage entities and refocusing mortgage brand strategy.

HSBC to Privatize Hang Seng Bank in HK$106 Billion Offer

October 9, 2025

Financial Services

HSBC Holdings announced a conditional proposal to privatize Hang Seng Bank for HK$106 billion (about $13.6 billion). If approved by Hang Seng shareholders and the Hong Kong High Court, Hang Seng Bank would become a wholly owned subsidiary of HSBC Asia Pacific and be removed from the Hong Kong Stock Exchange.

Bank al Etihad to Acquire 100% of INVESTBANK in Share-Based Merger

June 25, 2025

Financial Services

Bank al Etihad and INVESTBANK received shareholder approval to proceed with a share-based merger in Jordan’s largest banking consolidation deal. Bank al Etihad will acquire 100% ownership of INVESTBANK via an in-kind, share-based transaction, subject to regulatory clearances in Jordan.

Barclays to Acquire Tesco's Retail Banking Business and Form Tesco-Branded Partnership

February 9, 2024

Financial Services

Barclays Bank UK PLC agreed to acquire Tesco’s retail banking business and enter an exclusive long-term partnership to offer Tesco-branded credit cards, personal loans, and deposits. The deal is subject to regulatory approval and court sanction and is expected to complete in the second half of 2024, at which point Barclays will welcome approximately 2,800 Tesco colleagues.

My Money Group (Cerberus-backed) Planned Purchase of HSBC Continental Europe’s French Retail Banking Business

April 14, 2023

Financial Services

HSBC Continental Europe (HBCE) announced it had signed a Memorandum of Understanding and later a binding Framework Agreement with Promontoria MMB SAS and its subsidiary Banque des Caraïbes SA (My Money Group and the Purchaser) to sell HBCE’s retail banking business in France. Due to significant unexpected interest-rate rises since 2021, the Purchaser says it may be unable to obtain regulatory approval without amending the previously agreed deal terms, implying potential closing delays and more uncertainty.

Citizens Financial Group Acquires 80 HSBC East Coast Branches and National Online Deposit Business

February 22, 2022

Financial Services

Citizens Financial Group has closed its acquisition of 80 East Coast branches and the national online deposit business from HSBC Bank U.S.A., N.A., adding more than 800,000 customer accounts and rebranding the branches as Citizens. The deal expands Citizens' physical presence in the New York City metro, Mid-Atlantic and Southeast Florida markets and brings more than 500 former HSBC employees to Citizens as part of the conversion.