Lone Star Funds' bet on a struggling Portuguese bank nearly a decade ago is about to pay off handsomely, with a ...

The deal is expected to be completed in the first half of 2026, following consultations with employee representative bodies.

Attempts to merge European banks are becoming more common. Most recent deals, though, will require a major stakeholder to be dragged kicking and screaming — be it the target, a national government, or ...

On Friday, Lone Star agreed to sell its 75% stake in the country’s fourth-largest lender, Novo Banco SA, to the French banking group BPCE SA in what would be the biggest euro area cross-border ...

An illustration of a magnifying glass. An illustration of a magnifying glass.

Shares of banks and other financial institutions fell sharply as an Israeli attack on Iran threw many investors' assumptions into doubt. The Federal Reserve's policy decision next week could be ...

Stocks tumbled on Friday (June 13) after Israel launched a wave of airstrikes on Iran, pushing energy prices higher and ...

The French retail bank will buy the Portuguese lender from its majority owner Lone Star in the latest cross-border deal in European banking. Lawyers, Auditors to Cough Up Fees After Financial ...

Novo Banco spun out of the collapsed Banco Espirito Santo (BES) in 2014 after a state bailout. US investor Lone Star, which ...

France’s BPCE has agreed a 6.4 billion euros ($7.39 billion) deal to acquire Portugal's Novo Banco, including a 75% stake ...

Novo Banco’s majority shareholder, Nani Holdings, a unit of private equity firm Lone Star Funds, is selling its 75% stake, in ...