Latest Banking News
MasterCard and Cardtronics team to offer free ATM access
MasterCard International and Cardtronics, the world's largest ATM operator, have formed an agreement to create a surcharge-free ATM program across the US.
Published: 27-Sep-2005
UBS to invest in Bank of China as companies agree joint venture
Swiss financial services group UBS has agreed to invest half a billion dollars in Bank of China as part of a strategic co-operation with the major Chinese outfit to offer investment banking and securities products in the country.
Published: 27-Sep-2005
Saxo Bank earmarks new office for London
Danish investment bank Saxo Bank has revealed that it plans to open a new office in London in the near future and that it has secured the services of Peter Klein, a former executive with Commonwealth Bank of Australia's European operation, to lead it.
Published: 27-Sep-2005
Merrill Lynch to team with MUFG for Japanese banking brokerage
US financial services company Merrill Lynch is to form an asset management brokerage with soon to be formed Japanese 'mega-bank' Mitsubishi UFJ Financial Group, according to reports.
Published: 27-Sep-2005
Britannic launches second specialist fund boutique, plans for more
Britannic Asset Management is to launch its second high alpha fund management joint venture boutique, located in Edinburgh and focused on the UK. Following the launch, the company plans to form up to ten more asset management joint ventures.
Published: 27-Sep-2005
ABN Amro confirms Antonveneta deal
Dutch bank ABN Amro has corroborated reports from former rival Banca Popolare Italiana last week that it is to acquire its share of Banca Antonveneta by announcing it is to purchase a 39.37% stake in the Padua-based bank.
Published: 26-Sep-2005
EFG Group announces IPO range
The Swiss private bank EFG has revealed that the price range for its forthcoming initial public offering will be in the region of CHF5.2-6.2 billion ($4.1-4.9 billion).
Published: 23-Sep-2005
Deutsche Bank agrees to buy stake in Chinese bank
German banking titan Deutsche Bank has reached a preliminary agreement to spend around $200 million to acquire a 10% stake in mid-level Chinese banking institution Huaxia Bank.
Published: 23-Sep-2005
BNP Paribas to gain foothold in China through Nanjing stake buy
French bank BNP Paribas has agreed to pay $100 million to acquire a 20% stake in China's Nanjing City Commercial Bank, sources emerging from the region claim.
Published: 23-Sep-2005
Alliance & Leicester criticizes packaged current accounts
Although Britons are paying up to GBP200 a year in fees for packaged current accounts, new research from Alliance & Leicester has revealed that only two in five (37%) of account holders actually make use of the benefits they pay for.
Published: 23-Sep-2005
