World Markets

German fintech Raisin to buy MHB Bank

FRANKFURT, March 7 (Reuters) - German fintech Raisin, which is backed by Paypal, is buying Frankfurt-based MHB Bank as it seeks to expand business of offering deposit services to retail customers, Raisin's chief executive told Reuters.

MHB Bank, a former subsidiary of German landesbank NordLB, is being sold by U.S. buyout group Lone Star. A purchase price was not disclosed.

The transaction is still pending approval by German financial watchdog BaFin and the European Central Bank.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story

PYPL

Other Topics

Stocks Economy Banking

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More