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Commonwealth Bank launches new accounts
Australian lender Commonwealth Bank has launched two current accounts offering customers unlimited electronic and assisted transactions, Streamline e-Access and Streamline Unlimited.
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Extreme launches pre-paid chip and PIN cards
The Extreme Group has launched the Extreme Cred pre paid top up credit card, aimed at both the teenage and security conscious market.
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MasterCard prices IPO of Class A common stock
MasterCard announced its initial public offering (IPO) of 61,520,912 shares of its Class A common stock has been priced at $39.00 per share.
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Norwich Union adds funds to pension range
Norwich Union, the UK's largest insurance services provider, has added 18 funds to its personal and group pensions.
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Skandia adds emerging markets fund to range
The Credit Suisse European Frontiers Fund will be available from Skandia's life, pension and fund supermarket platforms from May 26, 2006, the Swiss firm has said in a statement.
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UK savings provider drops notice period on investment account
UK government-backed savings scheme National Savings and Investments (NS&I) is scrapping the one month notice period on its Investment Account in order to make the account more attractive to savers.
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Wachovia, TSYS reach agreement for payment services
US bank Wachovia has signed an agreement with payment services provider TSYS for provision of core processing in support of its re-entry into the credit card business.
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Aconite launches pre-paid smart card
EMV technology provider Aconite has launched its new pre-authorized smart card designed to serve the underserved sector of card users that include those without bank accounts and those with a poor or limited credit history.
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Bank of America launches PetRewards Visa card
Bank of America has taken the unusual step of joining forces with Hill's Pet Nutrition to offer consumers a PetRewards Visa card.
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Japan's leading banks post record profits
Two of Japan's top banks, Mitsubishi UFJ Financial Group and Mizuho Financial Group, posted positive results indicating a recovery from the previous downturn in the country's economy.
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Lone Star criticizes South Korean regulators
Texas-based private equity group Lone Star Funds has complained that criticism leveled at the investment it has made in Korea Exchange Bank is driven by an "anti-foreign investor political climate" in South Korea.
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ABN Amro expands business traveler services
ABN Amro has opened a lounge at Amsterdam's Schiphol airport, offering customers further banking facilities.
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Citibank Bahrain to launch banking and service center
Citigroup's local operation plans to extend access channels to consumer finance through the launch of a mall-based banking and service center in Bahrain.
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Citigroup targets Indian small businesses with a new portfolio of products
Citibank India, the local arm of Citigroup, the world's leading provider of financial services, has launched 'CitiBusiness', a suite of business and financial solutions targeted at the small businesses and professionals community with annual turnovers of up to $10 million.
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Commonwealth Bank offers Asian investment product
Australia's Commonwealth Bank has launched Capital Asia, a new investment product designed to enable investors to benefit from the rapid growth of Asian business. The new product will be based on the sharemarket indices of Japan, Korea, Singapore, Taiwan and Hong Kong.
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