British banking group HSBC is mulling a sale of its train-leasing division, HSBC Rail. HSBC is under increasing pressure to offload noncore assets in order to generate cash, after huge write-downs res... [more]

The chief executive of Standard Life, Sandy Crombie, has suggested that the insurer may sell off its underperforming banking business, which has been experiencing liquidity problems as a result of the... [more]

HSBC has decided to sell a large part of its French retail banking business, the move would mirror demands by a rebel investor that it reduce its presence in countries where it has little chance of ga... [more]

The debt collection and finance group, London Scottish Bank (LSB), may sell its invoice finance business, in order to repair its capital base after breaching regulatory rules last year. NM Rothschild ... [more]

Wolters Kluwer Law & Business has announced it has acquired the GEE portfolio of compliance products from Thomson Legal and Regulatory’s Sweet & Maxwell division. Wolters Kluwer Law & Business, part o... [more]

Winterflood Securities, the stockbroking business owned by Close Brothers, could be put up for sale as a defence against a £1.4bn takeover bid for Close by Cenkos Securities. Winterflood, the largest ... [more]

HSBC is looking to sell Marbles, one of the first online credit card businesses, which it acquired along with Household International in 2003. ... [more]

GMAC Insurance, the insurance business of GMAC Financial Services, announced that it has agreed to acquire Provident Insurance, the UK-based automotive insurance division of Provident Financial PLC. ... [more]

Man Group, the world's largest listed hedge fund, plans to sell its brokerage business, Man Financial, to concentrate on money management. The company has conducted a financial review and "believes th... [more]

UK-listed financial services group Schroders is rumoured to be considering a sale of its asset management division. Analysts have tipped investment banks Goldman Sachs, JP Morgan and Citigroup as pote... [more]

Lloyds TSB is reportedly close to putting its closed life insurance business Abbey Life up for sale with an asking price of around £1bn. ... [more]

Barclays is reportedly to put two of its credit operations up for sale in a move to increase profits at Barclaycard. The businesses to be sold are Monument, a subprime lender with over 500,000 custome... [more]

Legal & General is to acquire the life assurance and unit trust management division of Nationwide for about £285m, with the transfer of about 250 Swindon-based staff.... [more]

Provident Financial, the sub prime lender is auctioning off the remains of Yes Car Credit, the used car business that is ceased trading more than two years ago. Supposedly Provident is still owed aro... [more]

Lloyds TSB has called in investment bankers to sell share-registration and stock-management business Lloyds TSB Registrars. The sale is set to be around £600m, according to the Sunday Times.... [more]

Prudential has sold its struggling Egg internet banking operation to Citigroup for £575m, just a year after buying out minority shareholders in a deal that valued the business at £973m.... [more]

Aon Corporation has acquired Footman James, the insurer of classic cars, motorbikes, kit cars and modern vehicles, for an estimated $118m (£60m) from Alchemy Partners. ... [more]

Provident Financial, the UK home lending company, has announced it is to commence discussions over the sale of its insurance division after receiving a number of third party approaches. ... [more]

Aon Corporation, the US-listed insurance and risk management company, is to put its UK-based multi-manager operation up for sale.... [more]

St Ives is to sell the corporate finance printing activities of St Ives Financial to Bowne & Co of the US for about £4m.... [more]