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Banking

EBRD sells 15% stake in Erste Group Bank’s Hungarian unit -director

People walk past the new headquarters of the European Bank for Reconstruction and Development (EBRD) in Canary Wharf, London, Britain, September 14, 2023. REUTERS/Alishia Abodunde/File photo Acquire Licensing RightsMove follows Hungary govt exit from Erste unitGovt raising financing for airport transactionExit 'good news' for sector's stability -EBRDBUDAPEST, Nov 15 (Reuters) - The European Bank for Reconstruction and Development is selling its 15% stake in Erste Group Bank's (ERST.VI) Hungarian unit back to the Austrian group after the Hungarian government's recent exit from the bank, a top EBRD official told Reuters.In...
Finance

Canaccord Genuity eyes Close Brothers wealth business in UK push – sources

LONDON, Oct 26 (Reuters) - Canaccord Genuity (CF.TO) has explored a potential acquisition of Close Brothers Group's (CBRO.L) wealth management operations, two people familiar with the matter told Reuters, a move that would increase the Canadian group's presence in the UK.Canaccord, which offers investment banking and wealth management services, was among the final bidders in an auction process run by Goldman Sachs (GS.N), one of the people, who spoke on condition of anonymity, said.Reuters could not establish whether Canaccord's interest in the business, known as Close Brothers Asset Management, is...
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