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RBS and Renaissance Capital Bank to establish Russian JV
UK high street banking giant Royal Bank of Scotland and Moscow-based Renaissance Capital Bank are planning to jointly establish an investment bank in Russia, Reuters reported, citing an anonymous source.
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SLI favors RBS over Barclays for ABN Amro takeover
According to media reports, UK fund manager Standard Life Investments, a shareholder of both the Royal Bank of Scotland and Barclays, the two parties battling to acquire ABN Amro, has publicly backed the Royal Bank of Scotland led-consortium's bid for the takeover of the Dutch lender.
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BNP Paribas to buy Exelbank
French banking giant BNP Paribas has signed an agreement for its wholly-owned subsidiary BNP Paribas Securities Services to acquire specialist custody and depository banking firm Exelbank, after receiving approval from the relevant regulatory authorities.
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BTMU to install Fortent anti-money laundering technology
Risk and compliance technology provider Fortent has announced that The Bank of Tokyo-Mitsubishi UFJ will be implementing the company's anti-money laundering solution across its global network, beginning in its New York, London, and Manila branches.
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Citibank forms strategic partnership with PT Pos Indonesia
Citibank and PT Pos Indonesia have entered into a strategic partnership that will allow CitiFinancial customers to visit a select number of post office branches in Indonesia to apply for loans.
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ING to purchase Landmark Investment Management
Dutch bancassurer ING Group has reached an agreement with financial services providers Morgan Stanley Private Equity Asia and Kyobo Life to acquire 100% of the shares of Korea-based asset manager Landmark Investment Management.
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Standard Life expands platform fund range
UK financial services provider Standard Life has added 52 funds to its mutual funds platform, FundZone, offering investors greater choice.
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FundsXpress to provide internet banking and bill payment services for Pinnacle Financial Partners
FundsXpress Financial Network, a provider of online financial services, has started delivering consumer and business online banking and online bill payment solutions to US-based Pinnacle Financial Partners, as part of a multi-year contract.
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Alliance & Leicester and Money Card develop Visa prepaid payroll card
UK bank Alliance & Leicester Commercial Bank, in association with Money Card Limited, has developed a Visa prepaid card, which the company claims will bring significant cost and efficiency savings to company payroll systems.
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Banco Privado introduces Banco Privado American Express card
Credit card giant American Express and Banco Privado de Inversiones have launched the Banco Privado American Express card, available in three versions, namely standard, gold and platinum.
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BBVA and CITIC considering Chinese pension move
Spanish banking group BBVA and Chinese financial services company CITIC Bank are reportedly planning to team up to move into China's corporate pension fund market, media reports have revealed.
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Chase offers free money transfer service to Mexico
Chase, the US consumer and commercial banking brand of JPMorgan Chase, has launched a new money transfer service, Rapid Cash, which allows consumers to send money to Mexico free of charge.
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Coventry introduces new internet account for the over-60s
UK banking group Coventry Building Society has expanded its 60-plus range of savings accounts, with the launch of its easy-access online account exclusively for the over-60s.
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Deutsche Bank enters Algerian market
Deutsche Bank has extended its footprint to Algeria through a partnership with Strategica, an Algerian financial advisory firm, in which the German bank has acquired a 51% stake. In addition, Deutsche Bank has established an Algerian subsidiary, Deutsche Securities Algeria, which will apply for the necessary licenses for its development program.
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Global Payments Europe signs card processing agreement with Starbank
Global Payments Europe, the Czech Republic-based subsidiary of Global Payments, has entered into a multi-year agreement to provide a complete outsourcing solution for payment card processing services to Russia's Starbank.
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Allianz SE - Financial and Strategic Analysis Review
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
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
