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

Banco Santander and UniCredit agree to create EUR353bn global asset manager Banco Santander and its partners Warburg Pincus and General Atlantic have signed an agreement to merge Santander Asset Management and Italy-based UniCredit’s Pioneer Investments to create a €353bn global asset manager in Europe and Latin America. News
US and British authorities fine Deutsche Bank $2.5bn over interest rate rigging By BBR Staff Writer
German lender Deutsche Bank was slapped with a $2.5bn fine by the US and British authorities for alleged benchmark interest rate rigging in a multi-bank conspiracy.
News Banco Santander and UniCredit agree to create EUR353bn global asset manager By BBR Staff Writer
Banco Santander and its partners Warburg Pincus and General Atlantic have signed an agreement to merge Santander Asset Management and Italy-based UniCredit’s Pioneer Investments to create a €353bn global asset manager in Europe and Latin America.
News Merrill Lynch slapped with $20m fine over reporting breach By BBR Staff Writer
Merrill Lynch International, the wealth management division of Bank of America (BofA) has been slapped with a £13.3m ($20m) fine by UK’s watchdog for incorrect reporting of transactions.
News
Bank of Tokyo-Mitsubishi becomes first foreign bank to open branch in Myanmar By BBR Staff Writer
Japan's Bank of Tokyo-Mitsubishi (BTMU) has opened its first branch in Myanmar’s capital Yangon with an investment of $100m, becoming the first foreign bank to set up a branch in the country.
News Belfius Bank & Insurance enhances online, mobile banking protection with RiskShield technology By BBR Staff Writer
Belgium-based Belfius Bank & Insurance has selected risk management and fraud prevention software provider INFORM’s RiskShield technology to bolster its online and mobile banking protection.
News Bank of China to expand presence in US By BBR Staff Writer
Bank of China is set to expand its presence in the US by setting up more branches in the country in a bid to lure more investments from Chinese companies.
News

Latest News and Insight by Sector

Banking Services

Belfius Bank & Insurance enhances online, mobile banking protection with RiskShield technology
By BBR Staff Writer
Belgium-based Belfius Bank & Insurance has selected risk management and fraud prevention software provider INFORM’s RiskShield technology to bolster its online and mobile banking protection.
News
Bank of China to expand presence in US
By BBR Staff Writer
Bank of China is set to expand its presence in the US by setting up more branches in the country in a bid to lure more investments from Chinese companies.
News

Wealth & Assets Management

UBS to dilute stake in China Cinda Asset Management with $303m share sale
By BBR Staff Writer
Swiss financial services company UBS has announced the sale of about $303m in shares of China Cinda Asset Management in a bid to trim its stake in the company.
News
BarclayHedge report reveals hedge fund industry amassed $7.2bn in February
By BBR Staff Writer
The hedge fund industry took in $7.2bn representing 0.3% of assets in February, according to BarclayHedge and TrimTabs Investment Research.
News

Intermediaries

China's central bank to pump in $60bn forex reserves into state-owned policy banks
By BBR Staff Writer
The People's Bank of China is set to back the government's overseas development plans by pumping in $60bn foreign exchange reserves into two policy banks.
News
Citigroup reportedly plans to offload retail forex trading service
By BBR Staff Writer
Citigroup is reportedly planning to offload its retail forex trading service and is on the look out for a potential buyer, as per unconfirmed reports.
News

Technology

Heartbeat ID technology under trial at Halifax
By BBR Staff Writer
A new biometric technology is currently under trial at British bank Halifax, which will identify customers through their heartbeats for a safer online banking experience.
News
RBS unveils fingerprint recognition technology for mobile banking
By BBR Staff Writer
Royal Bank of Scotland (RBS) has launched new 'Touch ID' technology for its RBS and NatWest customers to enable them to log on to their mobile banking app using only their fingerprints.
News

Policies & Regulatory Compliance

US and British authorities fine Deutsche Bank $2.5bn over interest rate rigging
By BBR Staff Writer
German lender Deutsche Bank was slapped with a $2.5bn fine by the US and British authorities for alleged benchmark interest rate rigging in a multi-bank conspiracy.
News
Deutsche Bank’s wealth-management division slapped with $8.4m fine for breaches
By BBR Staff Writer
Deutsche Bank’s wealth-management division Dubai International Financial Centre (DIFC) has been fined $8.4m by the Dubai Financial Services Authority (DFSA) for serious contraventions.
News

Risk Management

Belfius Bank & Insurance enhances online, mobile banking protection with RiskShield technology
By BBR Staff Writer
Belgium-based Belfius Bank & Insurance has selected risk management and fraud prevention software provider INFORM’s RiskShield technology to bolster its online and mobile banking protection.
News
Astoria Bank deploys Wolters Kluwer’s risk management solutions
By BBR Staff Writer
US-based Astoria Bank has implemented Wolters Kluwer Financial Services’ risk, compliance, finance, and audit solutions and services in a bid to keep pace with expanding regulatory and risk requirements.
News