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Over one million current accounts switched in a year: UK Payments Council Around 1.1 million current accounts in the UK were switched to another bank since the launch of Current Account Switch Service a year ago, according to the Payments Council. Banking Services > Retail Banking > News
RBS Citizens to expand technology and services banking group in US By BBR Staff Writer
Commercial banking division of Citizens Financial Group, RBS Citizens, has expanded its technology and services banking group throughout the US.
News Prudential Solutions Real Estate Joins Berkshire Hathaway HomeServices Real Estate Brokerage Network By BBR Staff Writer
Berkshire Hathaway HomeServices, part of the HSF Affiliates LLC family of real estate brokerage franchise networks, today announced that Prudential Solutions Real Estate has joined the network and is operating as Berkshire Hathaway HomeServices Solutions Real Estate.
Intermediaries > Prime Brokerages > News DAWM buys Palmetto Promenade Property in Boca Raton, Florida By BBR Staff Writer
Deutsche Asset & Wealth Management’s (DeAWM) real estate investment business today announced that it has acquired Palmetto Promenade in Boca Raton, Florida, for one of its investment funds.
News
Western Union expands relationship with Eurogiro for digital offerings By BBR Staff Writer
The Western Union Company, a leader in global payment services, extended its exclusive agreement with Eurogiro, with scope to allow its members greater access to the full range of Western Union Money Transfer services including digital offerings.
Banking Services > Payments > News Over one million current accounts switched in a year: UK Payments Council By BBR Staff Writer
Around 1.1 million current accounts in the UK were switched to another bank since the launch of Current Account Switch Service a year ago, according to the Payments Council.
Banking Services > Retail Banking > News First Trade Union Bank deploys Q2platform By BBR Staff Writer
Q2 Holdings, a leading provider of secure virtual banking solutions for regional and community financial institutions, today announced the successful implementation of its industry-leading digital banking platform with First Trade Union Bank (FTUB).
Banking Services > Online Banking > News

Latest News and Insight by Sector

Banking Services

Western Union expands relationship with Eurogiro for digital offerings
By BBR Staff Writer
The Western Union Company, a leader in global payment services, extended its exclusive agreement with Eurogiro, with scope to allow its members greater access to the full range of Western Union Money Transfer services including digital offerings.
Banking Services > Payments > News
Over one million current accounts switched in a year: UK Payments Council
By BBR Staff Writer
Around 1.1 million current accounts in the UK were switched to another bank since the launch of Current Account Switch Service a year ago, according to the Payments Council.
Banking Services > Retail Banking > 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

Prudential Solutions Real Estate Joins Berkshire Hathaway HomeServices Real Estate Brokerage Network
By BBR Staff Writer
Berkshire Hathaway HomeServices, part of the HSF Affiliates LLC family of real estate brokerage franchise networks, today announced that Prudential Solutions Real Estate has joined the network and is operating as Berkshire Hathaway HomeServices Solutions Real Estate.
Intermediaries > Prime Brokerages > News
Russian Government to buy VTB Bank and Rosselkhozbank for $6.6bn
By BBR Staff Writer
The Russian Ministry of Finance will purchase shares of VTB Bank and Rosselkhozbank (Russian Agricultural Bank) for around RUB239bn ($6.6bn) to boost the banks’ Tier 1 capital.
Intermediaries > ECN & Exchanges > News

Technology

Wells Fargo launches accelerator programme to support fintech start-ups
By BBR Staff Writer
American banking and financial services company Well Fargo has launched a new Startup Accelerator programme to support firms that develop financial technology (fintech) products.
Banking Services > Payments > News
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

Policies & Regulatory Compliance

RBS, Natwest to pay £14.5m for improper mortgage advice
By BBR Staff Writer
The Financial Conduct Authority (FCA) of the UK has ordered the Royal Bank of Scotland (RBS) and NatWest to pay a fine of around £14.5m for failing to meet advisory standards in mortgage sales business.
Banking Services > Retail Banking > News
Bank of America to pay $16.65bn fine over faulty mortgages
By BBR Staff Writer
The US Department of Justice has ordered the Bank of America (BofA) to pay $16.65bn to settle the claims over selling risky mortgage securities prior to the 2008 financial crisis.
Banking Services > Retail Banking > News

Risk Management

Wells Fargo launches accelerator programme to support fintech start-ups
By BBR Staff Writer
American banking and financial services company Well Fargo has launched a new Startup Accelerator programme to support firms that develop financial technology (fintech) products.
Banking Services > Payments > News
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

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