Latest Banking News
China Life Franklin Asset Management opens for business
Hong Kong-based China Life Franklin Asset Management Company, the joint venture company established by Franklin Templeton Investments and China Life Group, has officially opened for business, after receiving preliminary approval in January 2007 from the China Insurance Regulatory Commission and the Hong Kong Securities and Futures Commission.
Published: 07-Jun-2007
Bank of Scotland International launches new five-year bond
Financial services provider Bank of Scotland International has expanded its rnage of investment products with the launch of its new five-year sterling capital guaranteed savings bond 22.
Published: 07-Jun-2007
Sacombank and ANZ form money transfer alliance
Vietnamese banking firm Saigon Thuong Tin Commerical Bank and Australia and New Zealand Banking Group have reportedly signed a remittances deal, which will allow consumers to easily send money to Vietnam from Australia.
Published: 07-Jun-2007
Adams Bank selects Ruesch for cross-border payments
Washington-based The Adams National Bank has chosen global payments firm Ruesch International to service the cross-border transaction and corporate payment needs of the bank's commercial customers.
Published: 07-Jun-2007
Four foreign banks set for debit card debut in China
According to media reports, China's banking regulator has revealed that it expects HSBC, Citigroup, and two other foreign banks to begin issuing local currency debit cards to Chinese consumers in the near future.
Published: 07-Jun-2007
Many UK insurance providers violate PPI regulations, This is Money says
According to This is Money, a number of insurance companies are refusing to comply with the rules in relation to payment protection insurance that were introduced by the UK Financial Services Authority in March 2007.
Published: 06-Jun-2007
ABN Amro improves ATM security with new anti-skimming device
Dutch financial services provider ABN Amro has announced that it will equip its 1,200 outdoor ATMs across the Netherlands with a new type of anti-skimming device.
Published: 06-Jun-2007
ACI Worldwide to modernize Partecis payments platform
Electronic payment systems software provider ACI Worldwide has announced a contract that will see its BASE24-eps software deployed to enhance the Partecis payments platform. The deployment is also part of a drive towards Sepa compliance.
Published: 06-Jun-2007
RBS and Bank of America end talks over LaSalle dispute
According to media releases, UK banking group Royal Bank of Scotland CEO Fred Goodwin has revealed that the group is no longer in talks with US finance giant Bank of America in relation to the sale of ABN Amro-owned LaSalle.
Published: 06-Jun-2007
UK banks support EU's initiative to improve account mobility
The British Banker's Association has revealed that UK banks have pledged their support to the European Union's latest initiative to improve mobility for consumers switching bank accounts.
Published: 06-Jun-2007
