MDM and URSA, Russia’s eighth and 16th largest banks respectively by Tier 1 capital, announced Russia’s first true bank merger, subject to regulatory approval. MDM deputy chairman Sergei Popov and URSA chairman Igor Kim will become the two largest shareholders in the new entity.
Sales of European company bonds surged in November and December, according to data firm Dealogic. European non-financial companies sold almost $57.5bn of bonds, outstripping most previous totals for this time of year and outstripping the $41.4bn sold in the US.
