Assured Guaranty Wraps Fifth Guaranteed Solar Bond Transaction in Spain streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
BNP Paribas SA overtook U.K.-based HSBC Holdings PLC as Europe s biggest lender by assets in a year marked by market turbulence caused by the coronavirus pandemic, according to S&P Global Market Intelligence.
The French banking group s total assets stood at €2.521 trillion at the end of 2020, up from €2.165 trillion a year ago. BNP Paribas made a number of acquisitions during the year, including Deutsche Bank AG s prime brokerage unit and Banco de Sabadell SA s institutional depositary business. BNP also placed 7th in S&P Global Market Intelligence s annual global bank ranking.
HSBC, which held €2.440 trillion in assets at 2020-end, dropped to second place after topping the list for eight consecutive years.
Spain: EIB provides €300 million in financing to Banco de Sabadell to support Spanish companies affected by the pandemic etribuna.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etribuna.com Daily Mail and Mail on Sunday newspapers.
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The FINANCIAL The European Investment Bank (EIB) is joining forces with Banco de Sabadell to expand its capacity to lend to small and medium-sized enterprises (SMEs) and mid-caps hit by the economic impact of the COVID-19 pandemic. To this end, the EIB will provide €300 million in financing to enable the Spanish bank to mobilise a total of €600 million over the next two years.
According to EIB, the operation consists of a risk-sharing guarantee under the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe, which enables the EIB Group to expand its support for investments fostering economic growth, competitiveness and employment. The EIB is granting this guarantee to Banco de Sabadell, S.A., on a portfolio of existing corporate loans, creating additional financing capacity to support Spanish industry.
The FINANCIAL - Spain: EIB provides €300 million in financing to Banco de Sabadell to support Spanish companies affected by the pandemic finchannel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finchannel.com Daily Mail and Mail on Sunday newspapers.