Latest Banking News
Young UK workers still struggle to become homeowners, study finds
New research suggests that entering the UK housing market remains a difficult challenge for young workers. The study quantifies the proportions of younger working households who cannot afford full ownership in the open market across 360 UK local authority areas.
Published: 11-Oct-2005
ABN Amro launches new online banking facility for corporate clients
Dutch bank ABN Amro has introduced a new internet banking service called "Access Online" for its international corporate market segment.
Published: 10-Oct-2005
Ferghana Partners Group and Gargoyle Partners to merge
Ferghana Partners Group, a global healthcare finance advisory firm, has agreed to merge with Gargoyle Partners, a European Healthcare and Chemicals advisory boutique, to create a life sciences investment bank.
Published: 10-Oct-2005
Norwich Union rebrands Morley funds
In a bid to simplify the image presented to clients and the financial adviser community, Aviva's UK subsidiary Norwich Union has rebadged a set of investment funds.
Published: 10-Oct-2005
Saudi Arabia's Arab National Bank profits reach $376 million
Saudi Arabia's Arab National Bank has recorded a 57% increase in net profits to $376 million for the first nine months of the year.
Published: 10-Oct-2005
Cahoot enters UK mortgage market
The UK online bank Cahoot has launched its first portfolio of home loans products arranged through its parent company, Abbey.
Published: 10-Oct-2005
Wachovia launches pre-paid debit card payroll service
US banking services company Wachovia has launched Wachovia Direct Pay, a Visa-branded prepaid debit card that provides employers with a payroll direct deposit service.
Published: 07-Oct-2005
St George beefs up Internet banking security
Australian retail bank St George has unveiled plans to upgrade its Internet banking facility to provide added security measures for customers.
Published: 06-Oct-2005
Bank of America launches saving scheme linked to card payments
In what it describes as an attempt to encourage US citizens to save more, Bank of America, the largest debit card issuer in the US, has launched a new scheme which allows for free saving based on debit card usage.
Published: 06-Oct-2005
Australian bank rumored to be lining up LSE bid
The Australian finance group Macquarie Bank is planning a bid for the London Stock Exchange, according to reports in the UK press. The speculation suggests that Macquarie will team up with software firm Computershare to mount a takeover campaign.
Published: 06-Oct-2005
