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Banking Business Review

RBS set for fresh round of 1,400 job cuts Royal Bank of Scotland is seeking to implement a fresh round of 1,400 job cuts to enable the bank to invest £700m in its UK retail arm over three years, RBS UK retail banking arm chief executive Ross McEwan has announced. Banking Services > Retail Banking > News
Nepal Rastra Bank implements ERI Olympic Banking system By BBR Staff Writer
Nepal Rastra Bank, the central bank of Nepal (NRB), has implemented ERI’s Olympic Banking System, to support its core business activities.
Banking Services > Commercial Banking > News NYSE Technologies names new global head of Infrastructure Solutions By BBR Staff Writer
NYSE Technologies has appointed Varghese Thomas as senior vice president and global head of Infrastructure Solutions.
Banking Services > Retail Banking > News Union Bank agrees to buy First Bank Association Bank Services By BBR Staff Writer
Union Bank has signed a definitive agreement to assume the deposits and acquire certain assets of First Bank Association Bank Services, further strengthening its role as a national bank to homeowners associations and community management companies.
Banking Services > Commercial Banking > News
Dollar Bank selects NCR SelfServ ATMs with scalable deposit By BBR Staff Writer
Independent mutual lender Dollar Bank has selected NCR’s deposit-taking ATMs, SelfServ with Scalable Deposit Module (SDM), to replace its 60 existing non-NCR ATMs starting in summer 2013.
Banking Services > Retail Banking > News Japan's Mizuho Corporate Bank joins CLS Aggregation Services By BBR Staff Writer
Mizuho Corporate Bank has joined the CLS Aggregation Services as the first Asian participant to receive trade compression services in the over-the-counter FX market, while reducing post-trade operational risk.
Banking Services > Commercial Banking > News M&T Bank introduces two merchant service products By BBR Staff Writer
M&T Bank Merchant Services division has introduced two new merchant service products, Mobile for Merchants and Portfolio Manager, allowing small businesses and middle market customers to better manage daily cash flow.
Banking Services > Commercial Banking > News

Latest News and Insight by Sector

Banking Services

BNP Paribas launches first digital mobile bank in Europe
17 May 2013 | By BBR Staff Writer
France’s BNP Paribas has launched the first digital mobile bank in Europe, Hello bank!, designed to provide European clients with a fast, easy, alwayson mobile and internet banking service.
Banking Services > Retail Banking > News
Mountain America Credit Union unveils new debit card
17 May 2013 | By BBR Staff Writer
Mountain America Credit Union has introduced a new type of debit card, MyExpress Debit, to provide users with benefits of a prepaid card without monthly maintenance, deposit or other fees.
Banking Services > Cards > News

Wealth & Assets Management

First Trust launches AlphaDEX Dividend ETFs for Canadian investors
15 May 2013 | By BBR Staff Writer
FT Portfolios Canada, an affiliate of Chicago based First Trust Portfolios, has launched the first three First Trust AlphaDEX Dividend ETFs, offering rules-based fundamental stock selection methodology to Canadian investors.
Wealth & Assets Management > Asset Management > News
BNY Mellon unveils Intraday Liquidity Analytics
13 May 2013 | By BBR Staff Writer
Bank of New York Mellon (BNY Mellon), an investment management and investment services provider, has rolled out Intraday Liquidity Analytics, which will enable clients to deal with liquidity transparency and intraday overdraft coverage requirements under Basel III.
Intermediaries > ECN & Exchanges > News

Intermediaries

Pershing, BNY Mellon to deliver integrated bank and brokerage custody offering
17 May 2013 | By BBR Staff Writer
Pershing Advisor Solutions and BNY Mellon’s Wealth Management Advisor Custody Group have teamed up to deliver a single-service integrated bank and brokerage custody offering, which will benefit advisors who serve ultra/high-net-worth investors.
Intermediaries > Prime Brokerages > News
Nasdaq OMX launches new risk management service to Nordic derivatives members
14 May 2013 | By BBR Staff Writer
Nasdaq OMX has launched a new Pre-Trade Risk Management (PRM) service, known as Genium INET PRM, to its Nordic derivatives customers to facilitate real-time pre-trade protection to reduce flawed orders and transactions.
Intermediaries > ECN & Exchanges > News

Technology

BNP Paribas launches first digital mobile bank in Europe
17 May 2013 | By BBR Staff Writer
France’s BNP Paribas has launched the first digital mobile bank in Europe, Hello bank!, designed to provide European clients with a fast, easy, alwayson mobile and internet banking service.
Banking Services > Retail Banking > News
Mountain America Credit Union unveils new debit card
17 May 2013 | By BBR Staff Writer
Mountain America Credit Union has introduced a new type of debit card, MyExpress Debit, to provide users with benefits of a prepaid card without monthly maintenance, deposit or other fees.
Banking Services > Cards > News

Policies & Regulatory Compliance

FINRA fines Merrill Lynch $2.8m for overcharging customers
22 June 2012 | By BBR Staff Writer
The Financial Industry Regulatory Authority (FINRA) has fined Merrill Lynch, Pierce, Fenner & Smith $2.8m for overcharging customers $32m in unwarranted fees, and for failing to provide certain required trade notices.
Wealth & Assets Management > Asset Management > News
FINRA fines Citigroup Global Markets $3.5m for inaccurate RMBS data
23 May 2012 | By BBR Staff Writer
The Financial Industry Regulatory Authority (FINRA) has fined Citigroup Global Markets $3.5m for providing inaccurate mortgage performance information related to subprime residential mortgage-backed securitizations (RMBS).
Wealth & Assets Management > Asset Management > News

Risk Management

BNP Paribas partners with Swift to ease risk for margin protection service
26 April 2013 | By BBR Staff Writer
BNP Paribas Securities Services (BNP Paribas) has partnered with Swift, the global provider of secure financial messaging services, to boost its collateral protection services for corporate, buy-side and sell-side clients.
Intermediaries > ECN & Exchanges > News
FCA penalizes EFG Private Bank for anti-money laundering failings
25 April 2013 | By BBR Staff Writer
The UK Financial Conduct Authority (FCA) has imposed a penalty of £4.2m against EFG Private Bank (EFG), for failing to set up and manage effective anti-money laundering (AML) measures for high risk customers.
Banking Services > Retail Banking > News

Allianz SE - Financial and Strategic Analysis Review 01 July 2009 Allianz SE (Allianz) is one of the leading global financial services providers, offering a range of banking, asset management and insurance services. The company was formerly known as Allianz AG. Allianz is the parent company for the Allianz Group of companies. The company is one of leading insurance providers in the property and causality, and life insurance in the global market. Allianz is one of the major players in the German insurance market. The company, combined with its subsidiaries, serves over 75 million customers in more than 70 countries across Europe, Asia-Pacific, America and Africa. The company's banking operations are conducted through Dresdner Bank AG and its subsidiaries. Global Markets Direct’s Allianz SE - Financial and Strategic Analysis Review is an in-depth business, strategic and financial analysis of Allianz SE. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key competitors. The hallmark of the report is the detailed strategic analysis of the company. This highlights its strengths and weaknesses and the opportunities and threats it faces going forward. Reports Buy online from $125