Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club | Videos
Banking Business Review
Return to: BBR Home
Top Headlines

Banking Business Review

Barclays Bank to sell non-core assets in Portugal for EUR175m UK-based Barclays Bank has agreed to sell its non-core assets in Portugal to Spain’s Bankinter, for around €175m. Banking Services > Retail Banking > News
YES BANK announces redesigned Organizational Structure to further deepen Retail and business banking YES BANK, India’s fifth largest private sector bank has redesigned its Organizational Structure to further accelerate its Retail and SME Focus. The changes which embody the Bank's Design Driven Innovation frameworks, will maximize internal synergies as these businesses further scale-up over the next 5 years.
News Barclays Bank to sell non-core assets in Portugal for EUR175m By BBR Staff Writer
UK-based Barclays Bank has agreed to sell its non-core assets in Portugal to Spain’s Bankinter, for around €175m.
Banking Services > Retail Banking > News Delen Private Bank chooses ICTroom to design new Tier III corporate data centre in Antwerp ICTroom, experts in the delivery of customised data centre solutions, today announced it has been selected by Delen Private Bank, one of the largest private banks in Belgium, to design and build a new Tier III corporate data centre in Antwerp. This contract comprises the full spectrum of data centre facilities and room infrastructure including power, cooling, security and racks. Part of a large campus renovation project at the bank’s Antwerp headquarters, the data centre building is due for completion by the end of this year and ICTroom’s installations will begin in early 2016.
Technology > Banking Technology > News
Former silk road task force agent pleads guilty to money laundering and obstruction By BBR Staff Writer
A former U.S. Secret Service special agent pleaded guilty today to money laundering and obstruction of justice in connection with his theft of digital currency during the federal investigation of Silk Road, an online marketplace used to facilitate the purchase and sale of illegal drugs and other contraband.
Intermediaries > ECN & Exchanges > News Contactless payment limit reaches £30 in Europe By BBR Staff Writer
More than £2.5 billion was spent using contactless cards in the first half of 2015, new data from The UK Cards Association shows.
Banking Services > Cards > News HSBC asked to appoint new president in Argentina By BBR Staff Writer
HSBC Argentina has been asked to appoint a new president and vice president within 24 hours by Argentina's central bank for failing to prevent tax evasion and money laundering.
News

Latest News and Insight by Sector

Banking Services

Barclays Bank to sell non-core assets in Portugal for EUR175m
By BBR Staff Writer
UK-based Barclays Bank has agreed to sell its non-core assets in Portugal to Spain’s Bankinter, for around €175m.
Banking Services > Retail Banking > News
Citigroup to sell consumer banking business in Hungary
By BBR Staff Writer
Citigroup has signed an agreement to sell its consumer banking business in Hungary to Erste Bank and its subsidiary Erste Investment.
Banking Services > Commercial Banking > News

Wealth & Assets Management

Belpre Savings Bank to affiliate with First Mutual Holding and First Federal Lakewood
Belpre Savings Bank in southeastern Ohio is set to become an affiliate bank of First Mutual Holding (FMHC), pending approval of regulatory agencies and Belpre's depositors and borrowers.
Wealth & Assets Management > Mutual Funds > News
Citigroup affiliates to pay $180m to settle hedge fund fraud charges
The Securities and Exchange Commission has announced that two Citigroup affiliates have agreed to pay nearly $180m to settle charges that they defrauded investors in two hedge funds by claiming they were safe, low-risk, and suitable for traditional bond investors
Wealth & Assets Management > Mutual Funds > News

Intermediaries

Former silk road task force agent pleads guilty to money laundering and obstruction
By BBR Staff Writer
A former U.S. Secret Service special agent pleaded guilty today to money laundering and obstruction of justice in connection with his theft of digital currency during the federal investigation of Silk Road, an online marketplace used to facilitate the purchase and sale of illegal drugs and other contraband.
Intermediaries > ECN & Exchanges > News
Kenya's national assembly declines finance ministry proposal to raise core capital for banks
By BBR Staff Writer
A proposal put forth by Kenya's finance ministry to raise the minimum core capital for banks to KES5bn ($48.17m) in the next three years has been overturned by the national assembly.
Intermediaries > ECN & Exchanges > News

Technology

Delen Private Bank chooses ICTroom to design new Tier III corporate data centre in Antwerp
ICTroom, experts in the delivery of customised data centre solutions, today announced it has been selected by Delen Private Bank, one of the largest private banks in Belgium, to design and build a new Tier III corporate data centre in Antwerp. This contract comprises the full spectrum of data centre facilities and room infrastructure including power, cooling, security and racks. Part of a large campus renovation project at the bank’s Antwerp headquarters, the data centre building is due for completion by the end of this year and ICTroom’s installations will begin in early 2016.
Technology > Banking Technology > News
Barclays to become first British bank to support bitcoin
By BBR Staff Writer
Barclays will accept bitcoin later this year, making it the first British bank to support the virtual currency.
Technology > Banking Technology > News

Policies & Regulatory Compliance

Citigroup affiliates to pay $180m to settle hedge fund fraud charges
The Securities and Exchange Commission has announced that two Citigroup affiliates have agreed to pay nearly $180m to settle charges that they defrauded investors in two hedge funds by claiming they were safe, low-risk, and suitable for traditional bond investors
Wealth & Assets Management > Mutual Funds > News
Bank of England likely to introduce stricter stress tests for UK financial sector
By BBR Staff Writer
The Bank of England (BoE) might implement stress tests of different severity to test the effectiveness of financial systems during changing financial situations.
Banking Services > Commercial Banking > News

Risk Management

ECB sets four-year deadline to review internal risk models of banks
By BBR Staff Writer
The European Central Bank (ECB) has set a four-year deadline for preparing an ‘intrusive’ review that could force some of Eurozone’s biggest banks to increase their capital.
Banking Services > Commercial Banking > News
New Federal Reserve rules require key US banks to hold additional capital
By BBR Staff Writer
The Federal Reserve System has approved a new rule which requires eight key banks in the US to hold additional capital buffers in a bid to avoid a major financial collapse.
Risk Management > News