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

US regulator imposes fine on US Bank and Santander to settle mortgage servicing issues The US Office of the Comptroller of the Currency (OCC) has slapped fines of around $14m on the US Bank National Association (US Bank) and Santander Bank to settle mortgage servicing-related issues. Intermediaries > ECN & Exchanges > News
US regulator imposes fine on US Bank and Santander to settle mortgage servicing issues By BBR Staff Writer
The US Office of the Comptroller of the Currency (OCC) has slapped fines of around $14m on the US Bank National Association (US Bank) and Santander Bank to settle mortgage servicing-related issues.
Intermediaries > ECN & Exchanges > News Mashreq introduces new corporate credit card Mashreq, one of the leading financial institutions in the UAE, has launched a new premium credit card tailored for corporates that enables them to streamline their business expense management, while offering unparalleled benefits to their employees.
Banking Services > Cards > News FIME Accredited by NPCI to Offer RuPay Chip Validation Services in India Indian banks seeking to issue EMV chip payment cards on the RuPay payment scheme can now work with FIME to validate their card personalization in line with the National Payments Corporation of India's (NPCI) requirements.
Banking Services > Cards > News
Report says data sharing could improve competition in UK banking sector A new report from the Open Banking Working Group (OBWG) revealed that data sharing between banks could help consumers compare banking products and encourage competition in the sector.
Policies & Regulatory Compliance > News HSBC to pay $470m in settlement over abusive mortgage practices By BBR Staff Writer
HSBC has agreed to pay $470m to settle allegations that it involved in abusive mortgage practices before seizing the homes of borrowers who defaulted as a result of financial crisis.
News TCF Bank and New Albertson's announce a new multi-year retail banking services agreement TCF National Bank (TCF Bank), the principal subsidiary of TCF Financial Corporation (TCF) (NYSE: TCB) and New Albertson’s Inc. today announced a new multi-year retail banking services agreement for Jewel-Osco grocery stores located in the Chicago area.
Banking Services > Retail Banking > News

Latest News and Insight by Sector

Banking Services

Mashreq introduces new corporate credit card
Mashreq, one of the leading financial institutions in the UAE, has launched a new premium credit card tailored for corporates that enables them to streamline their business expense management, while offering unparalleled benefits to their employees.
Banking Services > Cards > News
FIME Accredited by NPCI to Offer RuPay Chip Validation Services in India
Indian banks seeking to issue EMV chip payment cards on the RuPay payment scheme can now work with FIME to validate their card personalization in line with the National Payments Corporation of India's (NPCI) requirements.
Banking Services > Cards > News

Wealth & Assets Management

Bank of Georgia merges corporate banking and investment management businesses
By BBR Staff Writer
BGEO has announced the merger of Bank of Georgia's corporate banking and investment management businesses into a corporate investment banking business.
Wealth & Assets Management > Asset Management > News
KKR and partners to explore opportunities in China
By BBR Staff Writer
Investment firm KKR has entered into a strategic partnership with China Orient Asset Management (COAMI) and China Orient Summit Capital (COS-Capital) to co-invest in credit and distressed opportunities in the Chinese market.
Wealth & Assets Management > Asset Management > News

Intermediaries

US regulator imposes fine on US Bank and Santander to settle mortgage servicing issues
By BBR Staff Writer
The US Office of the Comptroller of the Currency (OCC) has slapped fines of around $14m on the US Bank National Association (US Bank) and Santander Bank to settle mortgage servicing-related issues.
Intermediaries > ECN & Exchanges > News
Walter Investment acquires certain assets of RCS and addition of subservicing
By BBR Staff Writer
Walter Investment Management has completed the acquisition of certain assets from Residential Credit Solutions (RCS), a wholly owned subsidiary of American Capital Mortgage Investment Corp, through its wholly owned subsidiary Ditech Financial.
Intermediaries > ECN & Exchanges > News

Technology

Report says data sharing could improve competition in UK banking sector
A new report from the Open Banking Working Group (OBWG) revealed that data sharing between banks could help consumers compare banking products and encourage competition in the sector.
Policies & Regulatory Compliance > News
ACI Worldwide to offload community financial services unit for $200m
By BBR Staff Writer
Payment systems company ACI Worldwide has agreed to divest its community financial services (CFS) business to Fiserv in a $200m deal.
Technology > Banking Technology > News

Policies & Regulatory Compliance

Report says data sharing could improve competition in UK banking sector
A new report from the Open Banking Working Group (OBWG) revealed that data sharing between banks could help consumers compare banking products and encourage competition in the sector.
Policies & Regulatory Compliance > News
Seamless Partners with Xpress Money and enters the international money transfer market
In 2015, approximately $601 billion[1] was transferred by foreign workers to their families residing in their home countries with an average transfer fee of 7.37% (Q4 2015)[2].
News

Risk Management

European Central Bank probes euro zone banks' bad loans
By BBR Staff Writer
The European Central Bank (ECB) has reportedly launched an investigation into euro zone banks to assess how the banks are managing bad loan holdings.
Risk Management > News
Italy launches €3.6bn plan to rescue troubled banks
By BBR Staff Writer
The Italian government has launched a €3.6bn plan to rescue four small and midsize local banks that are in trouble.
News