EC Approves Recapitalization Package For ABN Amro

The European Commission (EC) has temporarily approved a recapitalization package of EUR6.9bn in favor of ABN Amro and Fortis Bank Nederland until July 31, 2010, under EU state aid rules. ...

Published: 09-Feb-2010

Cowen Group To Streamline Alternative Investment Management Business

Cowen Group, a New York-based diversified financial services firm, plans to streamline its alternative investment management business through the integration of the senior management and certain aspec...

Published: 09-Feb-2010

DE Shaw Forms Team To Acquire Rivals' Distressed Assets

DE Shaw, a New York-based hedge fund, private equity and technology development firm, has hired a team to acquire the distressed asset portfolios of rival hedge fund companies, reported the Financial ...

Published: 09-Feb-2010

Shinsei, Aozora Bank Merger To Extend Beyond Deadline

The merger plan between Shinsei Bank and Aozora Bank has hit a gridlock over key issues such as strategy and capitalization of the combined entity, difficulty in integrating systems and on the outcome...

Published: 09-Feb-2010

American Eagle FCU Opts Online Resources For Retail, Business Suites

American Eagle Federal Credit Union has signed a multi-year agreement with Online Resources Corp for its retail and business suites of customizable internet banking, bill payment and other services. ...

Published: 09-Feb-2010

American Express MENA Adds Air France, British Airways, KLM To Membership Rewards Program

American Express Middle East and North Africa (AEME) has added three new global airline partners, British Airways, Air France and KLM, to its loyalty program membership rewards. ...

Published: 09-Feb-2010

Cedacri Selects Tsys' Outsourced Processing Solution TS Prime

Cedacri, an Italy-based provider of application, infrastructure and process outsourcing services for the banking and finance industry, has selected Tsys' outsourced processing solution TS Prime to pro...

Published: 09-Feb-2010

Tactico Acquires 24% Equity Stake In Omega ATS

Tactico has acquired a 24% equity stake in Omega ATS, an alternative trading system for Canadian exchange-listed equities, to provide the company with financing, infrastructure support and consulting ...

Published: 09-Feb-2010

EBRD, EFSE Extend Credit Line To ProCredit Bank In Moldova To Support MSEs

European Bank for Reconstruction and Development (EBRD) and European Fund for Southeast Europe (EFSE) are boosting the availability of financing to private businesses with a loan to ProCredit Bank in ...

Published: 09-Feb-2010

LeasePlan Unveils Online Savings Bank In Netherlands

LeasePlan, a Dutch auto lease financing company half-owned by Volkswagen, has launched an internet savings bank in the Netherlands. ...

Published: 09-Feb-2010

Norkom Signs Deal With Daiwa Capital Markets Singapore

In an attempt to bolster its presence in the Southeast Asian financial crime and compliance marketplace, Norkom Technologies has signed a deal with Daiwa Capital Markets Singapore, a global investment...

Published: 09-Feb-2010

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