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Britain’s smaller banks jostle for business banking grants

LONDON (Reuters) – Britain’s smaller banks are lining up to apply for multi-million pound grants the government hopes will help them compete in the corporate banking market. For years the government has wanted to reduce the dominance of big banks in the small-to medium-sized business (SME) banking sector. The four largest — HSBC (HSBA.L), Barclays (BARC.L), RBS (RBS.L) and Lloyds Banking Group (LLOY.L) — control over 70 percent of business current accounts. Source: Britain’s smaller banks jostle for business banking grants

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ADNOC listing could raise up to $2.8bn – Gulf Business

Abu Dhabi National Oil Co (ADNOC) said on Monday it may sell as much as a 20 per cent stake in its fuel distribution unit, potentially raising up to $2.8bn.Analysts valued the total fuel distribution unit at between $11bn and $14bnin reports prepared by banks advising the firm on the planned listing, sources have told Reuters. Source: ADNOC listing could raise up to $2.8bn – Gulf Business

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