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US regulator suspends Standard Chartered operations over laundering compliance issues The New York Department of Financial Services (DFS) has imposed a fine of $300m on Standard Chartered Bank (SCB) and restricted it from continuing certain financial services for its ‘failures to remediate anti-money laundering compliance problems’. Banking Services > Retail Banking > News
Citi to divest retail banking business in Japan By BBR Staff Writer
Citigroup is reportedly planning to sell off its retail banking arm in Japan and is in talks with at least three prospective buyers.
Banking Services > Commercial Banking > News Global Payout to buy mobile payments provider Maxie Mobile By BBR Staff Writer
Electronic payment services provider Global Payout has announced its intention to acquire 100% of mobile payments provider Maxie Mobile.
News SIMI, PayNearMe partner to offer cash collection services to US government agencies By BBR Staff Writer
Electronic cash transaction network PayNearMe and payment processing provider for US government agencies Systems & Methods (SMI) have partnered to offer a cash collection method that eliminates the hassle of manual cash processing, while giving customers of child support government agencies an easy and affordable way to pay child support in cash.
Banking Services > Payments > News
US regulator suspends Standard Chartered operations over laundering compliance issues By BBR Staff Writer
The New York Department of Financial Services (DFS) has imposed a fine of $300m on Standard Chartered Bank (SCB) and restricted it from continuing certain financial services for its ‘failures to remediate anti-money laundering compliance problems’.
Banking Services > Retail Banking > News International Bank of Azerbaijan plans to launch sharia-compliant banking unit By BBR Staff Writer
International Bank of Azerbaijan (IBA) is planning to launch a separate sharia-compliant banking unit after the implementation of the new Islamic banking law later this year.
Banking Services > Commercial Banking > News Chinese commercial banks to clear up non-performing loans By BBR Staff Writer
Chinese commercial banks are planning to clear up their non-performing loans, which rose to $112.84bn in the last four months, according to a report by China Banking Regulatory Commission (CBRC).
Banking Services > Commercial Banking > News

Latest News and Insight by Sector

Banking Services

Citi to divest retail banking business in Japan
By BBR Staff Writer
Citigroup is reportedly planning to sell off its retail banking arm in Japan and is in talks with at least three prospective buyers.
Banking Services > Commercial Banking > News
SIMI, PayNearMe partner to offer cash collection services to US government agencies
By BBR Staff Writer
Electronic cash transaction network PayNearMe and payment processing provider for US government agencies Systems & Methods (SMI) have partnered to offer a cash collection method that eliminates the hassle of manual cash processing, while giving customers of child support government agencies an easy and affordable way to pay child support in cash.
Banking Services > Payments > News

Wealth & Assets Management

BMO Global selects Charles River investment management solution
By BBR Staff Writer
Charles River, an enterprise-wide, front- and middle-office investment management solution provider, announced that BMO Global Asset Management has selected the Charles River Investment Management Solution (Charles River IMS) for its Hong Kong and London operations.
Wealth & Assets Management > Asset Management > News
BlackRock introduces Multi-Manager Alternative Strategies Fund
By BBR Staff Writer
BlackRock launched the BlackRock Multi-Manager Alternative Strategies Fund (BMMAX) (the “Fund”), designed to offer individual investors the opportunity to access multiple alternative investment strategies in a single open-end mutual fund.
Wealth & Assets Management > Mutual Funds > News

Intermediaries

Broadridge, TDCC Ssgns MOU to cooperate with StockVote system
By BBR Staff Writer
Broadridge Financial Solutions, Inc., a leading provider of technology-driven solutions for financial firms and corporate issuers globally, has reached an agreement with the Taiwanese central depository, Taiwan Depository & Clearing Corporation (TDCC), to establish direct links with the TDCC’s new electronic voting system for Taiwanese shareholder meetings, StockVote.
Intermediaries > Custody & Clearing > News
SEC charges Atlanta-based accountant for illegal insider trading
By BBR Staff Writer
The Securities and Exchange Commission announced charges against an accounting firm partner in Atlanta for insider trading in the stock of a restaurant company based on confidential information he learned from a client on the board of directors who came to him for tax advice in advance of a tender offer announcement.
Policies & Regulatory Compliance > News

Technology

TD Bank launches mobile check deposit feature for business customers
By BBR Staff Writer
TD Bank, America's Most Convenient Bank, has introduced mobile check deposit through the TD Bank BusinessDirect app for Android™ and iPhone® devices, making it easier for business customers to deposit checks into their accounts on-the-go.
Technology > Banking Technology > News
SimCorp launches version 5.6 of Data Warehouse Manager
By BBR Staff Writer
SimCorp has released SimCorp Dimension version 5.6, the second of its two annual software releases.
News

Policies & Regulatory Compliance

SEC charges Atlanta-based accountant for illegal insider trading
By BBR Staff Writer
The Securities and Exchange Commission announced charges against an accounting firm partner in Atlanta for insider trading in the stock of a restaurant company based on confidential information he learned from a client on the board of directors who came to him for tax advice in advance of a tender offer announcement.
Policies & Regulatory Compliance > News
Avaloq Banking Suite achieves full compliance with Australian tax system
By BBR Staff Writer
The Avaloq group, an international leader in integrated and comprehensive solutions for wealth management, universal and retail banks, announced that its Banking Suite has achieved full compliance with the Australian tax system.
Technology > Banking Technology > News

Risk Management

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.
Risk Management > News
Bindo launches EMV chip reader to reduce credit card fraud
By BBR Staff Writer
Bindo, a leading retail technology company that aims to close the gap between selling offline and online for retail store owners, announced the launch of a mobile EMV credit card reader for its cloud-based iPad point-of-sale (POS) system.
Risk Management > News

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