Latest Banking News
Lloyds TSB to deploy new employee fraud prevention software
Lloyds TSB has selected transactional risk management software firm Actimize's Employee Fraud prevention product to improve the protection of customer and bank assets from internal threats within its retail banking business.
Published: 06-Jun-2007
Woolwich offers new fix and track mortgage
Woolwich, the mortgage division of UK high street banking giant Barclays, has launched its new fix and track mortgage, which is designed to help borrowers beat the uncertainty of the current interest rate cycle.
Published: 05-Jun-2007
ABC Insurance commences trading with new commercial combined product
ABC Insurance, a subsidiary of the LV= Group, has begun trading with the launch of a new commercial combined product, designed specifically for UK SME businesses. The product will be available exclusively via insurance brokers.
Published: 05-Jun-2007
Intesa Sanpaolo sells 55% stake in Biverbanca to MPS
Italian finance giant Intesa Sanpaolo has signed an agreement to sell its 55% stake in Biverbanca to Banca Monte dei Paschi di Siena, for a total purchase price of E398.7 million.
Published: 05-Jun-2007
State Bank of India (California) selects Moneris as credit card payment processor
Moneris Solutions, a US-based electronic transaction processor, has entered into an agreement to provide credit card processing services to State Bank of India (California).
Published: 05-Jun-2007
Fidelity FundsNetwork expands onshore investment bond fund links
UK-based Fidelity FundsNetwork has added 11 new fund links to its onshore investment bond account, available from June 7, 2007, bringing the total choice available to more than 200 funds.
Published: 05-Jun-2007
First Data extends processing contract with Dresdner Bank to 2012
Global electronic commerce and payment solutions company First Data International has extended its credit card processing contract with Dresdner Bank, a unit of the Allianz Group, for a further five years. As a result, First Data will continue to process transactions for the German banking group until at least 2012.
Published: 05-Jun-2007
Wachovia pilots Cisco TelePresence
US bank Wachovia said it was rolling out a pilot program of Cisco's videoconference offering, called TelePresence, to save money by linking its Virginia headquarters with satellite offices rather than flying its people all over the country.
Published: 05-Jun-2007
UniCredit Tiriac Bank commences Romanian operations
UniCredit Tiriac Bank, the newly established financial institution created from the merger of UniCredit Group's Romanian banking subsidiaries HVB Tiriac Bank and UniCredit Romania, has officially started operations in the eastern European country.
Published: 04-Jun-2007
United Overseas Bank opens branch in Shenyang
United Overseas Bank has officially opened its newly established Shenyang branch, marked by a dinner reception in Liaoning in Northeast China, attended by the group's chairman, Wee Cho Yaw.
Published: 04-Jun-2007
