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Banking Business Review

Oman’s Bank Sohar, Bank Dhofar enter agreement on proposed merger Oman-based Bank Sohar has entered into a non-binding agreement with Bank Dhofar on a proposed merger that is likely to create the country’s second-largest bank by market capitalization. Banking Services > Commercial Banking > News
Velocimetrics unveils VMX payments Real-time business flow performance monitoring and analysis solutions provider Velocimetrics has announced the release of VMX Payments.
Banking Services > Payments > News Accenture extends outsourcing agreement with Deutsche Bank Accenture has extended its five-year contract with Deutsche Bank to continue to provide procurement business process outsourcing (BPO) services globally to the bank.
Technology > Banking Technology > News ING Group likely to be preferred bidder for HSBC’s Turkish arm By BBR Staff Writer
The ING Group based in the Netherlands is likely to win the auction for the sale of HSBC’s unprofitable Turkish business.
Banking Services > Commercial Banking > News
Santander partners with Monitise to launch fintech JV Spanish banking giant Banco Santander and British mobile money vendor Monitise have formed a joint venture that will look to invest in the disruptive financial technology businesses.
Wealth & Assets Management > Asset Management > News Citi launches new mobile app for iPhone in US Citi has announced the release of its completely redesigned Citi Mobile App for iPhone in the US.
News Wintrust Financial closes acquisition of North Bank Wintrust Financial has announced the completion of its previously announced acquisition of North Bank by its wholly-owned subsidiary, Wintrust Bank.
Banking Services > Commercial Banking > News

Latest News and Insight by Sector

Banking Services

Velocimetrics unveils VMX payments
Real-time business flow performance monitoring and analysis solutions provider Velocimetrics has announced the release of VMX Payments.
Banking Services > Payments > News
ING Group likely to be preferred bidder for HSBC’s Turkish arm
By BBR Staff Writer
The ING Group based in the Netherlands is likely to win the auction for the sale of HSBC’s unprofitable Turkish business.
Banking Services > Commercial Banking > News

Wealth & Assets Management

Santander partners with Monitise to launch fintech JV
Spanish banking giant Banco Santander and British mobile money vendor Monitise have formed a joint venture that will look to invest in the disruptive financial technology businesses.
Wealth & Assets Management > Asset Management > News
HSBC to slash 50,000 jobs globally to reduce costs
By BBR Staff Writer
In a significant restructuring exercise, HSBC will axe close to 50,000 jobs globally, bowing to immense cost-cutting pressures and meeting the stringent new regulatory policies coming into force after the 2008 financial crisis.
Banking Services > Commercial Banking > News

Intermediaries

Six global banks probed for forex rigging in South Korea
By BBR Staff Writer
South Korea’s Fair Trade Commission (FTC) is investigating the alleged involvement of six global banks in foreign-exchange market rigging.
Intermediaries > ECN & Exchanges > News
Five global banks might face penalties of $5bn over forex rigging
By BBR Staff Writer
A settlement between US and British authorities over rigging of currency markets could lead to five of the world’s biggest banks being slapped with penalties totaling $5bn.
Intermediaries > ECN & Exchanges > News

Technology

Accenture extends outsourcing agreement with Deutsche Bank
Accenture has extended its five-year contract with Deutsche Bank to continue to provide procurement business process outsourcing (BPO) services globally to the bank.
Technology > Banking Technology > News
Atos implements core banking system for Western Union International Bank
Atos has implemented a new core banking system for Western Union International Bank (WUIB).
Technology > Banking Technology > News

Policies & Regulatory Compliance

EU finance ministers approve draft regulation to strengthen big banks
By BBR Staff Writer
Finance ministers of the European Union (EU) have approved a draft law to control trading risks for banks in case of a financial crisis similar to the one in 2008.
Banking Services > Commercial Banking > News
Agencies finalize revisions to capital rules
The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency today finalized revisions to the regulatory capital rules adopted in July 2013.
News

Risk Management

EU finance ministers approve draft regulation to strengthen big banks
By BBR Staff Writer
Finance ministers of the European Union (EU) have approved a draft law to control trading risks for banks in case of a financial crisis similar to the one in 2008.
Banking Services > Commercial Banking > News
US regulator slaps $55m fine on Deutsche Bank for overvaluing financial reports
The US Securities and Exchange Commission (SEC) has charged Deutsche Bank with a penalty of $55m for filing misstated financial reports during 2008 crisis.
Risk Management > News