M&As, Divestitures, and Executive Appointments to Strengthen Bank Portfolios - Research Report on Wells Fargo, HSBC, Barclays, Scotiabank, and National Bank of Greece Editor Note: For more information about this release, please scroll to bottom
NEW YORK, July 23, 2013 /PRNewswire/ --
Today, Investors' Reports announced new research reports highlighting Wells Fargo & Company (NYSE: WFC), HSBC Holdings plc (NYSE: HBC), Barclays PLC (NYSE: BCS), The Bank of Nova Scotia (NYSE: BNS), and National Bank of Greece SA (NYSE: NBG). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Wells Fargo & Company Research Report
On July 15, 2013, Wells Fargo & Company (Wells Fargo) reported that it has entered into an agreement for the acquisition of Commerzbank's Hypothekenbank Frankfurt (formerly Eurohypo) U.K. commercial real estate portfolio. According to Wells Fargo, the transaction includes a £4.0 billion ($6.05 billion) portfolio of commercial real estate loans comprised of high-quality institutional assets throughout the U.K. with a focus in London. Bill Vernon, Executive Vice President and Group Head who led the acquisition team for Wells Fargo Commercial Real Estate, stated, "This transaction, in combination with Wells Fargo's long standing real estate expertise, will help create a best-in-class commercial real estate platform in the U.K." The Full Research Report on Wells Fargo & Company - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-19/WFC ]
HSBC Holdings plc Research Report
On July 14, 2013, HSBC Trinkaus & Burkhardt (International) SA and HSBC Trinkaus Investment Managers SA, wholly owned Luxembourg subsidiaries of HSBC Trinkaus & Burkhardt AG have entered into an agreement for the divestiture of their private banking activities and private banking-related fund business, respectively, to VP Bank (Luxembourg) SA and VPB Finance SA, which are members of the VP Bank Group. HSBC reported that the transaction is expected to be complete in Q4 2013. The Full Research Report on HSBC Holdings plc - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-19/HBC ]
Barclays PLC Research Report
On July 16, 2013, Barclays PLC (Barclays) announced the appointment of Tushar Morzaria as Barclays' Group Finance Director. Morzaria will assume his role, replacing Chris Lucas, as Group Finance Director in the autumn of 2013. Also, he will be joining the Board as an Executive Director, effective January 1, 2014. Antony Jenkins, Group Chief Executive of Barclays, said, "I am delighted to welcome Tushar to Barclays. He is an accomplished professional with first class strategic financial management experience built up over 20 years, including the last four as a key leader in JP Morgan Chase's Corporate and Investment Bank. He will bring a welcome new perspective to what is a pivotal role, and I am very much looking forward to working with him as we transform Barclays into the 'Go-To' bank." The Full Research Report on Barclays PLC - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-19/BCS ]
The Bank of Nova Scotia Research Report
On July 12, 2013, The Bank of Nova Scotia (Scotiabank) announced that it has withdrawn its application regarding the acquisition of a 19.99% interest in the Bank of Guangzhou (BGZ). Dieter Jentsch, Group Head of International Banking at Scotiabank, commented, "Scotiabank will continue to consider future opportunities for investment in China that are in line with our strategy and footprint in the region." Jentsch continued, "The Bank also remains focused on our existing operations in the country including the recently announced Bank of Beijing Scotia Asset Management Joint Venture and 19% stake in Bank of Xi'an." The Full Research Report on The Bank of Nova Scotia - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-19/BNS ]
National Bank of Greece SA Research Report
On July 10, 2013, National Bank of Greece SA (NBG) reported that the Board of Directors has decided to appoint Paula Hatzisotiriou as Group Chief Financial Officer, which came after a proposal by the Human Resources & Remuneration Committee. Hatzisotiriou will also serve as a member of the Bank's Executive Committee. NBG reported that the appointment of Hatzisotiriou was approved by the Hellenic Financial Stability Fund. The Full Research Report on National Bank of Greece SA - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.InvestorsReports.com/report/2013-07-19/NBG ]
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SOURCE Investors' Reports