American Express to Sell Banking Unit
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The company said it is selling the unit to Standard Chartered for nearly $1.1 billion so it can focus on its core credit card business.
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State-owned Dubai Ports World said on  Monday it had agreed to sell its U.S. port operations to an  American International Group  unit after relinquishing  control of them to allay concerns about U.S. national security.
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American Standard Cos., the maker of Trane air conditioners, has agreed to sell its bath-and-kitchen unit for $1.76 billion to Bain Capital Partners LLC, a Boston private equity firm, as part of a plan to break up the company.
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Alliance Capital Management Holding LP (AC.N: Quote, Profile, Research) has agreed to sell its cash management business to Federated Investors Inc.
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Playbill - Tickets for the new Broadway production of Company go on sale exclusively to American Express card holders on Sept. 6 prior to the Sept. 24 start of sales for the general public.
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KeyCorp , a large Midwest U.S. bank, on Friday said it agreed to sell its Champion Mortgage subprime lending unit to Britain's HSBC Holdings Plc   and investment firm Fortress Investment Group LLC, so it can focus on consumer and business banking.
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New York-based credit card and travel  services company American Express is expected to sell its  private banking business within weeks, said a source familiar  with the matter.
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ING Group NV will sell its Atlanta-based life insurance business to Britain&#39;s Prudential PLC in a $256.8 million deal designed to realign the Dutch financial services giant&#39;s international operations.
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Bank of America Corp. plans to lay off hundreds of tellers and other branch employees at Fleet banks today, asking them to leave the building immediately as part of the process, according to documents obtained by the Globe and Fleet branch managers told of the decision.
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The Dutch Supreme Court rules that ABN Amro's sale of its LaSalle unit to Bank of America is lawful.
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Dutch bank ABN AMRO can go ahead with  its $21 billion sale of U.S. subsidiary LaSalle Bank to Bank of  America, the Dutch Supreme Court said on Friday, boosting the  chance that Barclays could succeed in its all-share bid to buy  ABN for 64 billion euros ($88 billion).
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U.S. and European banks including Citigroup Inc  and HSBC Holdings PLC  are mulling sales of parts of their businesses from branches to entire units in a nod to crunch times ahead, the Wall Street Journal reported on its Web site on Thursday.
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Continuing to snap up branch networks in states with large Hispanic populations, Citigroup Inc. Tuesday, Aug. 24, agreed to buy First American Bank of Texas for an undisclosed price.
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US investment bank Morgan Stanley is to sell off its credit card unit, Discover after posting better than expected results.
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U.S. and European banks including  Citigroup Inc  and HSBC Holdings PLC  are  considering selling off parts of their businesses as they  prepare for tough times ahead, the Wall Street Journal  reported.
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U.S. stocks rose on Tuesday, helped by  a more than 6 percent jump in shares of American Express Co.  AXP.N after the Dow component said it will spin off its  personal finance unit.
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American Electric Power Co. concluded the sale Tuesday of its 50 percent interest in South Coast Power Limited, completing AEP's divestiture of assets in the United Kingdom.