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China launches new AIIB bank in Asia China has launched a $50bn Asian Infrastructure Investment Bank (AIIB), which is claimed to be the new rival to multilateral lenders, the World Bank and Asian Development Bank (ADB). News
BNY Mellon unit receives regulatory approval to divest stake in Chinese JV By BBR Staff Writer
US-based Bank of New York Mellon’s business unit has received regulatory approval to divest its stake in a joint venture (JV) project with China-based Western Securities.
News Digital River announces agreement to be acquired by Investor Group By BBR Staff Writer
Digital River, a leading global provider of Commerce-as-a-Service solutions, announced that it has entered into a definitive merger agreement to be acquired by an investor group led by Siris Capital Group, in a transaction valued at approximately $840m.
News PostFinance goes live with new digital banking platform powered by Backbase By BBR Staff Writer
Swiss-based bank PostFinance has successfully launched their new digital banking platform, fully based on Backbase digital banking technology.
News
China launches new AIIB bank in Asia By BBR Staff Writer
China has launched a $50bn Asian Infrastructure Investment Bank (AIIB), which is claimed to be the new rival to multilateral lenders, the World Bank and Asian Development Bank (ADB).
News Bank of Canada announces its overnight rate target to be 1% By BBR Staff Writer
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
News European Commission imposes $120m fine on four banks By BBR Staff Writer
The European Commission has imposed €93.9 m ($120m) fine on four major financial institutions - RBS, UBS, JP Morgan and Crédit Suisse, for manipulation of interest rates through illegal cartels.
News

Latest News and Insight by Sector

Banking Services

Digital River announces agreement to be acquired by Investor Group
By BBR Staff Writer
Digital River, a leading global provider of Commerce-as-a-Service solutions, announced that it has entered into a definitive merger agreement to be acquired by an investor group led by Siris Capital Group, in a transaction valued at approximately $840m.
News
Bank of Canada announces its overnight rate target to be 1%
By BBR Staff Writer
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
News

Wealth & Assets Management

Goldman Sachs not to join UK Banking Standards Review Council
By BBR Staff Writer
American investment banking firm Goldman Sachs has refused to join the Banking Standards Review Council (BSRC), a new organisation that aims to promote high standards across banks in the UK, people close to the matter told The Walls Street Journal.
News
JMP Group signs distribution agreement with RCS Capital
By BBR Staff Writer
JMP Group, an investment banking and alternative asset management firm, announced today that JMP Securities has entered into an agreement with RCS Capital.
News

Intermediaries

Prudential Elite, REALTORS join Berkshire Hathaway HomeServices real estate brokerage network
By BBR Staff Writer
Berkshire Hathaway HomeServices, the real estate brokerage network operated by HSF Affiliates LLC, today announced that Prudential Elite, RELATORS® has joined the network and is now operating as Berkshire Hathaway HomeServices Sarver Realty.
News
Regional disparities create opportunities in foreign exchange markets: Barclays
By BBR Staff Writer
Disparities in economic conditions and monetary policies have grown between the US and euro area, creating significant opportunities in foreign exchange markets as well as the relative performance of bonds and equities, according to Barclays’ latest flagship quarterly research publication Global Outlook: Regional disparities present strategic opportunities.
News

Technology

PostFinance goes live with new digital banking platform powered by Backbase
By BBR Staff Writer
Swiss-based bank PostFinance has successfully launched their new digital banking platform, fully based on Backbase digital banking technology.
News
Atos and NGDATA launch omni channel solution
By BBR Staff Writer
Atos, an international information technology services company, and NGDATA™, the customer experience management solutions company, today launched a Big Data omni channel solution for banks worldwide.
News

Policies & Regulatory Compliance

Alibaba gets clearance to open private bank in China
By BBR Staff Writer
The China Banking Regulatory Commission (CBRC) has given clearance to e-commerce giant Alibaba to set up a new private bank in the country.
News
Federal Bank questions banks' moves to cut hedge-fund taxes
By BBR Staff Writer
Large banks generate more than $1 billion a year in revenue by helping hedge funds and other clients reduce taxes through a complicated trading strategy that has drawn criticism from U.S. authorities.
News

Risk Management

Wells Fargo launches accelerator programme to support fintech start-ups
By BBR Staff Writer
American banking and financial services company Well Fargo has launched a new Startup Accelerator programme to support firms that develop financial technology (fintech) products.
News
Faisal Islamic Bank of Egypt selects SunGard risk management solutions
By BBR Staff Writer
Faisal Islamic Bank of Egypt, the first Islamic Bank in Egypt, has selected SunGard’s suite of enterprise risk management solutions to help build a new operational framework for improved risk exposure, reporting and Basel compliance.
News

Australia Construction Equipment: Market Update 10 November 2013 This report is the result of Timetric’s extensive market research covering the construction equipment market in Australia. It contains detailed data on market dynamics along with latest industry happenings and leading industry players. "Australia Construction Equipment: Market Update" provides a top-level overview and detailed insight into the operating environment of the construction equipment market in Australia. It is an essential tool for companies active across Australia construction value chain and for new players considering to enter the market. Reports Buy online from $700