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Banking Business Review
Bank of Monticello buys Kahoka Heartland Bank & Trust
Missouri-based Bank of Monticello has signed an agreement to purchase Heartland Bank and Trust’s Kahoka banking facility, enabling the acquirer to expand its presence in northeast Missouri.
Banking Services > Retail Banking > News
HKMEx gives up trading license to provide automated trading services
By
The Hong Kong Mercantile Exchange (HKMEx) has voluntarily given up its trading license to discontinue providing automated trading services (ATS) with immediate effect, which was granted by the Securities and Futures Commission (SFC).
Intermediaries > ECN & Exchanges > News Goldman Sachs to sell entire stake in ICBC By
New York-based investment Goldman Sachs is planning to dispose of its remaining stake in Industrial and Commercial Bank of China by selling $1.1bn worth of Hong Kong-traded shares in ICBC.
Wealth & Assets Management > Asset Management > News Ariel partners with IFIS to market FX and DMA CFD trading systems By
Ariel Communications has signed a distributor agreement with IFIS Asia to capitalize on the growing APAC market for FX and DMA CFD trading systems.
News
The Hong Kong Mercantile Exchange (HKMEx) has voluntarily given up its trading license to discontinue providing automated trading services (ATS) with immediate effect, which was granted by the Securities and Futures Commission (SFC).
Intermediaries > ECN & Exchanges > News Goldman Sachs to sell entire stake in ICBC By
New York-based investment Goldman Sachs is planning to dispose of its remaining stake in Industrial and Commercial Bank of China by selling $1.1bn worth of Hong Kong-traded shares in ICBC.
Wealth & Assets Management > Asset Management > News Ariel partners with IFIS to market FX and DMA CFD trading systems By
Ariel Communications has signed a distributor agreement with IFIS Asia to capitalize on the growing APAC market for FX and DMA CFD trading systems.
News
AAM Advisory deploys XPLAN as core advice platform
By
AAM Advisory, a Singapore-based financial services company, has implemented IRESS’s XPLAN to combine its front office requirements with back‐office operational needs.
Technology > Banking Technology > News South Africa’s Absa Bank launches multi-currency prepaid travel card By
Barclays subsidiary Absa Bank has launched a multi-currency cash passport, which is South Africa’s first reloadable prepaid travel card.
Banking Services > Cards > News Deutsche Asset & Wealth Management introduces Germany Hedged Equity Fund By
Deutsche Asset & Wealth Management has added the Germany Hedged Equity Fund (DBGR) to the db X-trackers platform, to provide investors direct exposure to the German equity markets while minimising fluctuation in currency exposure.
News
AAM Advisory, a Singapore-based financial services company, has implemented IRESS’s XPLAN to combine its front office requirements with back‐office operational needs.
Technology > Banking Technology > News South Africa’s Absa Bank launches multi-currency prepaid travel card By
Barclays subsidiary Absa Bank has launched a multi-currency cash passport, which is South Africa’s first reloadable prepaid travel card.
Banking Services > Cards > News Deutsche Asset & Wealth Management introduces Germany Hedged Equity Fund By
Deutsche Asset & Wealth Management has added the Germany Hedged Equity Fund (DBGR) to the db X-trackers platform, to provide investors direct exposure to the German equity markets while minimising fluctuation in currency exposure.
News
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Banking Services
First EMV-compliant ATM goes live at People’s United Bank in US
NCR in conjunction with Vantiv and Pendum has started upgrading ATMs at People’s United Bank with the new EMV-compliant consumer card security technology.
Banking Services > Cards > News
Banking Services > Cards > News
Wells Fargo offers 3-D secure verification for commercial card customers
US bank Wells Fargo & Company has deployed 3-Domain Secure technology fraud management tool, known as 3-D Secure, to protect its WellsOne Commercial Card customers during their online purchases.
Technology > Banking Technology > News
Technology > Banking Technology > News
Wealth & Assets Management
Thailand's SCBAM to deploy Charles River IMS and FIX electronic trading
Thailand-based SCB Asset Management (SCBAM) has chosen Charles River’s Investment Management Solution Version 9 (IMS) and broker-neutral FIX Network, to provide automated portfolio management, electronic trading and execution management, and compliance monitoring capabilities.
Technology > Banking Technology > News
Technology > Banking Technology > News
Goldman Sachs to sell entire stake in ICBC
New York-based investment Goldman Sachs is planning to dispose of its remaining stake in Industrial and Commercial Bank of China by selling $1.1bn worth of Hong Kong-traded shares in ICBC.
Wealth & Assets Management > Asset Management > News
Wealth & Assets Management > Asset Management > News
Intermediaries
HKMEx gives up trading license to provide automated trading services
The Hong Kong Mercantile Exchange (HKMEx) has voluntarily given up its trading license to discontinue providing automated trading services (ATS) with immediate effect, which was granted by the Securities and Futures Commission (SFC).
Intermediaries > ECN & Exchanges > News
Intermediaries > ECN & Exchanges > News
Pershing, BNY Mellon to deliver integrated bank and brokerage custody offering
Pershing Advisor Solutions and BNY Mellon’s Wealth Management Advisor Custody Group have teamed up to deliver a single-service integrated bank and brokerage custody offering, which will benefit advisors who serve ultra/high-net-worth investors.
Intermediaries > Prime Brokerages > News
Intermediaries > Prime Brokerages > News
Technology
First EMV-compliant ATM goes live at People’s United Bank in US
NCR in conjunction with Vantiv and Pendum has started upgrading ATMs at People’s United Bank with the new EMV-compliant consumer card security technology.
Banking Services > Cards > News
Banking Services > Cards > News
Wells Fargo offers 3-D secure verification for commercial card customers
US bank Wells Fargo & Company has deployed 3-Domain Secure technology fraud management tool, known as 3-D Secure, to protect its WellsOne Commercial Card customers during their online purchases.
Technology > Banking Technology > News
Technology > Banking Technology > News
Policies & Regulatory Compliance
FINRA fines Merrill Lynch $2.8m for overcharging customers
The Financial Industry Regulatory Authority (FINRA) has fined Merrill Lynch, Pierce, Fenner & Smith $2.8m for overcharging customers $32m in unwarranted fees, and for failing to provide certain required trade notices.
Wealth & Assets Management > Asset Management > News
Wealth & Assets Management > Asset Management > News
FINRA fines Citigroup Global Markets $3.5m for inaccurate RMBS data
The Financial Industry Regulatory Authority (FINRA) has fined Citigroup Global Markets $3.5m for providing inaccurate mortgage performance information related to subprime residential mortgage-backed securitizations (RMBS).
Wealth & Assets Management > Asset Management > News
Wealth & Assets Management > Asset Management > News
Risk Management
BNP Paribas partners with Swift to ease risk for margin protection service
BNP Paribas Securities Services (BNP Paribas) has partnered with Swift, the global provider of secure financial messaging services, to boost its collateral protection services for corporate, buy-side and sell-side clients.
Intermediaries > ECN & Exchanges > News
Intermediaries > ECN & Exchanges > News
FCA penalizes EFG Private Bank for anti-money laundering failings
The UK Financial Conduct Authority (FCA) has imposed a penalty of £4.2m against EFG Private Bank (EFG), for failing to set up and manage effective anti-money laundering (AML) measures for high risk customers.
Banking Services > Retail Banking > News
Banking Services > Retail Banking > News
Allianz SE - Financial and Strategic Analysis Review
Allianz SE (Allianz) is one of the leading global financial services providers, offering a range of banking, asset management and insurance services. The company was formerly known as Allianz AG. Allianz is the parent company for the Allianz Group of companies. The company is one of leading insurance providers in the property and causality, and life insurance in the global market. Allianz is one of the major players in the German insurance market. The company, combined with its subsidiaries, serves over 75 million customers in more than 70 countries across Europe, Asia-Pacific, America and Africa. The company's banking operations are conducted through Dresdner Bank AG and its subsidiaries.
Global Markets Direct’s Allianz SE - Financial and Strategic Analysis Review is an in-depth business, strategic and financial analysis of Allianz SE. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the report is the detailed strategic analysis of the company. This highlights its strengths and weaknesses and the opportunities and threats it faces going forward.
Reports
Buy online from $125
