Today's Newshttp://www.banking-business-review.com/en-us2009-07-01T00:00:00.0+05:302009-07-01T00:00:00.0+05:30Copyright 2009, Datamonitorhttp://www.banking-business-review.com/news/morgan_stanley_mufg_announces_new_initiatives_for_global_alliance_090701The two firms will come together to create Morgan Stanley MUFG Loan Partners2009-07-01T00:00:00.0+05:30http://www.banking-business-review.com/news/morgan_stanley_mufg_announces_new_initiatives_for_global_alliance_090701http://www.banking-business-review.com/news/moneygram_national_commercial_bank_launch_global_money_transfer_network_090701MoneyGram money transfers at NCB will be sent over NCB’s Quickpay platform2009-07-01T00:00:00.0+05:30http://www.banking-business-review.com/news/moneygram_national_commercial_bank_launch_global_money_transfer_network_090701http://www.banking-business-review.com/news/carlyle_raises_1b_for_asian_capital_growth_fund_090701Majority of the investments were made in China or India2009-07-01T00:00:00.0+05:30http://www.banking-business-review.com/news/carlyle_raises_1b_for_asian_capital_growth_fund_090701http://www.banking-business-review.com/news/sparx_to_launch_global_macro_hedge_fund_090701Launch of a macro fund would be a complete deviation from its conventional focus on equities2009-07-01T00:00:00.0+05:30http://www.banking-business-review.com/news/sparx_to_launch_global_macro_hedge_fund_090701http://www.banking-business-review.com/news/national_spot_exchange_to_tap_household_gold_in_india_090701NSE is eyeing approximately 25,000 tons of gold locked in household vaults2009-07-01T00:00:00.0+05:30http://www.banking-business-review.com/news/national_spot_exchange_to_tap_household_gold_in_india_090701http://www.banking-business-review.com/news/anz_seeks_rbs_assets_in_five_asian_nations_090701Compared to its domestic competitors, ANZ has more investments in Asia2009-07-01T00:00:00.0+05:30http://www.banking-business-review.com/news/anz_seeks_rbs_assets_in_five_asian_nations_090701http://www.banking-business-review.com/news/bny_mellon_gets_licence_to_operate_in_australia_090701The bank looks to build or acquire complementary local capabilities2009-07-01T00:00:00.0+05:30http://www.banking-business-review.com/news/bny_mellon_gets_licence_to_operate_in_australia_090701http://www.banking-business-review.com/news/nordic_investment_bank_deploys_misys_opics_plus_090701It operates across all asset classes in the treasury back office2009-07-01T00:00:00.0+05:30http://www.banking-business-review.com/news/nordic_investment_bank_deploys_misys_opics_plus_090701http://www.banking-business-review.com/news/emirates_nbd_issues_aed4b_tier_1_securities_to_icdarabic_090701The securities have a fixed rate coupon for the first five years, before becoming floating rate2009-07-01T00:00:00.0+05:30http://www.banking-business-review.com/news/emirates_nbd_issues_aed4b_tier_1_securities_to_icdarabic_090701http://www.banking-business-review.com/news/kb_financial_ropes_in_goldman_morgan_stanley_for_rights_offering_090630The move is expected to slow the rights offering process2009-06-30T00:00:00.0+05:30http://www.banking-business-review.com/news/kb_financial_ropes_in_goldman_morgan_stanley_for_rights_offering_090630http://www.banking-business-review.com/news/mizuho_to_raise_capital_base_090630Bank of America, JPMorgan Chase, Mizuho Securities and Nomura Securities are underwriting the sale of common stock2009-06-30T00:00:00.0+05:30http://www.banking-business-review.com/news/mizuho_to_raise_capital_base_090630http://www.banking-business-review.com/news/bny_mellon_makes_strategic_investment_in_international_derivatives_clearing_group_090630To help clients with solutions that meet their end-to-end OTC derivatives clearing and processing needs2009-06-30T00:00:00.0+05:30http://www.banking-business-review.com/news/bny_mellon_makes_strategic_investment_in_international_derivatives_clearing_group_090630http://www.banking-business-review.com/news/wolters_kluwer_launches_loss_mitigation_resource_center_090630To help institutions gain understanding of foreclosure relief plans and build compliant loan modification programs2009-06-30T00:00:00.0+05:30http://www.banking-business-review.com/news/wolters_kluwer_launches_loss_mitigation_resource_center_090630http://www.banking-business-review.com/news/mitsubishi_ufj_adopts_fortent_monitor_antimoney_laundering_solution_090630Mitsubishi UFJ Trust and Banking Corporation implemented for its domestic operations2009-06-30T00:00:00.0+05:30http://www.banking-business-review.com/news/mitsubishi_ufj_adopts_fortent_monitor_antimoney_laundering_solution_090630http://www.banking-business-review.com/news/experian_facilitates_netherlands_migration_to_sepa_090630Customers can request the correct IBAN and BIC information using an online web service, via a voice response system or an SMS message2009-06-30T00:00:00.0+05:30http://www.banking-business-review.com/news/experian_facilitates_netherlands_migration_to_sepa_090630http://www.banking-business-review.com/news/springbok_launches_prepaid_payroll_automated_bill_pay_090630To offer clients flexibility in payment processes2009-06-30T00:00:00.0+05:30http://www.banking-business-review.com/news/springbok_launches_prepaid_payroll_automated_bill_pay_090630http://www.banking-business-review.com/news/t_rowe_price_launches_us_largecap_core_fund_090630The fund intends invest its net assets primarily in the stocks of US large-cap companies2009-06-30T00:00:00.0+05:30http://www.banking-business-review.com/news/t_rowe_price_launches_us_largecap_core_fund_090630http://www.banking-business-review.com/news/blackstone_appoints_new_md_for_asia_090630Mr. Levinson joins from RREEF, the global real estate, infrastructure and private equity platform of Deutsche Asset Management2009-06-30T00:00:00.0+05:30http://www.banking-business-review.com/news/blackstone_appoints_new_md_for_asia_090630http://www.banking-business-review.com/news/bank_of_america_first_data_form_new_payment_solutions_company_090629To deliver payments solutions to merchants including small, commercial and corporate clients worldwide2009-06-29T00:00:00.0+05:30http://www.banking-business-review.com/news/bank_of_america_first_data_form_new_payment_solutions_company_090629http://www.banking-business-review.com/news/scotiabank_opens_wealth_management_center_in_miami_090629To provide private banking services to non-US residents and non-US citizens only.2009-06-29T00:00:00.0+05:30http://www.banking-business-review.com/news/scotiabank_opens_wealth_management_center_in_miami_090629http://www.banking-business-review.com/news/carousel_checks_releases_new_security_features_090629Check designs are intended to provide security for customers’ online financial information2009-06-29T00:00:00.0+05:30http://www.banking-business-review.com/news/carousel_checks_releases_new_security_features_090629http://www.banking-business-review.com/news/harewood_asset_management_launches_harewood_quant_guru_europe_equity_fund_090629The UCITS III-compliant fund is available to all types of investors2009-06-29T00:00:00.0+05:30http://www.banking-business-review.com/news/harewood_asset_management_launches_harewood_quant_guru_europe_equity_fund_090629http://www.banking-business-review.com/news/kfh_implements_new_risk_management_system_090629Sun Gard system meets CBK requirements, Basel 2 standards2009-06-29T00:00:00.0+05:30http://www.banking-business-review.com/news/kfh_implements_new_risk_management_system_090629http://www.banking-business-review.com/news/ge_capital_global_banking_increases_ownership_stake_in_baccredomatic_090629BAC-Credomatic's management team, led by CEO Ernesto Castegnaro and Chairman Carlos Pellas, will continue in their current capacities2009-06-29T00:00:00.0+05:30http://www.banking-business-review.com/news/ge_capital_global_banking_increases_ownership_stake_in_baccredomatic_090629http://www.banking-business-review.com/news/rbi_opposes_rbs_sale_of_indian_assets_090629The banking industry regulator turned down the branch licence transfer saying that the proposed deal is a portfolio sale2009-06-29T00:00:00.0+05:30http://www.banking-business-review.com/news/rbi_opposes_rbs_sale_of_indian_assets_090629http://www.banking-business-review.com/news/efg_international_changes_team_organisational_structure_090629Aims to leverage know-how and resources across the company2009-06-29T00:00:00.0+05:30http://www.banking-business-review.com/news/efg_international_changes_team_organisational_structure_090629http://www.banking-business-review.com/news/jpmorgan_citigroup_renew_interest_in_jumbo_lending_090627As the demand for new consumer and corporate loans has receded, banks are competing with each other for creditworthy customers2009-06-27T00:00:00.0+05:30http://www.banking-business-review.com/news/jpmorgan_citigroup_renew_interest_in_jumbo_lending_090627http://www.banking-business-review.com/news/ifc_eib_creates_global_emerging_markets_risk_database_consortium_090626To provide a common platform for knowledge sharing in risk management practices among organizations2009-06-26T00:00:00.0+05:30http://www.banking-business-review.com/news/ifc_eib_creates_global_emerging_markets_risk_database_consortium_090626http://www.banking-business-review.com/news/unicredit_group_joins_major_institutions_to_tackle_crisis_in_global_export_finance_090626To serve as a co-operation vehicle for medium to long-term export finance transactions backed by Export Credit Agencies2009-06-26T00:00:00.0+05:30http://www.banking-business-review.com/news/unicredit_group_joins_major_institutions_to_tackle_crisis_in_global_export_finance_090626http://www.banking-business-review.com/news/macquarie_asset_management_launches_equipment_leasing_fund_in_us_090626Investor capital will be pooled and invested in a diversified portfolio2009-06-26T00:00:00.0+05:30http://www.banking-business-review.com/news/macquarie_asset_management_launches_equipment_leasing_fund_in_us_090626http://www.banking-business-review.com/news/nyse_euronext_juniper_collaborate_for_global_trading_data_centers_090626Juniper's data center infrastructure solutions are expected to reduce NYSE Euronext’s network complexity2009-06-26T00:00:00.0+05:30http://www.banking-business-review.com/news/nyse_euronext_juniper_collaborate_for_global_trading_data_centers_090626http://www.banking-business-review.com/news/sevenval_wincor_nixdorf_form_strategic_partnership_in_mobile_banking_090626Wincor Nixdorf is expanding its PC/E Retail Banking Solution Suite with Sevenval’s multichannel output technology.2009-06-26T00:00:00.0+05:30http://www.banking-business-review.com/news/sevenval_wincor_nixdorf_form_strategic_partnership_in_mobile_banking_090626http://www.banking-business-review.com/news/metavante_first_national_bank_of_omaha_renew_prepaid_relationship_090626smartOne Prepaid Solutions portfolio includes payroll, reward and corporate disbursement prepaid cards2009-06-26T00:00:00.0+05:30http://www.banking-business-review.com/news/metavante_first_national_bank_of_omaha_renew_prepaid_relationship_090626http://www.banking-business-review.com/news/citizens_republic_bancorp_unveils_capital_raising_strategies_090626The bank wants to authorize additional shares, in order to have sufficient shares to meet future well-capitalized levels in a further stressed environment2009-06-26T00:00:00.0+05:30http://www.banking-business-review.com/news/citizens_republic_bancorp_unveils_capital_raising_strategies_090626http://www.banking-business-review.com/news/edb_handelsbanken_launch_regional_card_blocking_service_090626Cardholders can choose the regions they want their card to be valid2009-06-26T00:00:00.0+05:30http://www.banking-business-review.com/news/edb_handelsbanken_launch_regional_card_blocking_service_090626http://www.banking-business-review.com/news/deutsche_bank_successor_depository_bank_for_level_i_otc_adr_of_alpha_bank_090625Deutsche Bank already provides domestic custody services in more than 30 securities markets2009-06-25T00:00:00.0+05:30http://www.banking-business-review.com/news/deutsche_bank_successor_depository_bank_for_level_i_otc_adr_of_alpha_bank_090625http://www.banking-business-review.com/news/ecb_pumps_662b_into_banking_system_090625The ECB expects the Euro-zone economy to start growing again by the second half of 20102009-06-25T00:00:00.0+05:30http://www.banking-business-review.com/news/ecb_pumps_662b_into_banking_system_090625http://www.banking-business-review.com/news/citigroup_to_revive_compensatory_system_090625Citigroup’s new compensation structure presents a crucial test for the Obama administration, which is trying to rein in exorbitant pay packages2009-06-25T00:00:00.0+05:30http://www.banking-business-review.com/news/citigroup_to_revive_compensatory_system_090625http://www.banking-business-review.com/news/jpmorgan_raises_creditcard_balance_transfer_fee_to_5_090625The bank's previous average fee for balance transfers was 3%.2009-06-25T00:00:00.0+05:30http://www.banking-business-review.com/news/jpmorgan_raises_creditcard_balance_transfer_fee_to_5_090625http://www.banking-business-review.com/news/ubs_names_new_chairman_ceo_for_asia_pacific_090625Yoon succeeds Rory Tapner who is leaving UBS, after 23 years of service.2009-06-25T00:00:00.0+05:30http://www.banking-business-review.com/news/ubs_names_new_chairman_ceo_for_asia_pacific_090625http://www.banking-business-review.com/news/morgan_stanley_electronic_trading_upgrades_electronic_options_trading_strategies_090625Morgan Stanley has recently provided access to its options offering through Bloomberg’s Execution Management System, EMSX.2009-06-25T00:00:00.0+05:30http://www.banking-business-review.com/news/morgan_stanley_electronic_trading_upgrades_electronic_options_trading_strategies_090625http://www.banking-business-review.com/news/china_construction_bank_santander_to_tap_china_rural_market_090625Banco Santander is the third global lender, after HSBC and Citigroup, to tap China’ countryside2009-06-25T00:00:00.0+05:30http://www.banking-business-review.com/news/china_construction_bank_santander_to_tap_china_rural_market_090625http://www.banking-business-review.com/news/japan_aozora_bank_shinsei_to_merge_090625The banks may allocate equal value to Shinsei and Aozora shares, as part of the merger agreement2009-06-25T00:00:00.0+05:30http://www.banking-business-review.com/news/japan_aozora_bank_shinsei_to_merge_090625http://www.banking-business-review.com/news/rbs_rehires_william_odonnell_and_named_as_head_of_us_treasury_strategy_090625Most recently served as managing director and Head of US interest rate research and strategy at UBS.2009-06-25T00:00:00.0+05:30http://www.banking-business-review.com/news/rbs_rehires_william_odonnell_and_named_as_head_of_us_treasury_strategy_090625http://www.banking-business-review.com/news/delta_community_credit_union_opts_mobile_moneysm_of_fiserv_090625Mobile MoneySM service targets mid- to large-size financial institutions.2009-06-25T00:00:00.0+05:30http://www.banking-business-review.com/news/delta_community_credit_union_opts_mobile_moneysm_of_fiserv_090625http://retailbanking.banking-business-review.com/news/jp_morgan_to_extend_securities_services_to_schroder_investment_management_250609The alliance is expected to reduce operational expenditure for both the parties.2009-06-24T21:32:57.612-04:00http://retailbanking.banking-business-review.com/news/jp_morgan_to_extend_securities_services_to_schroder_investment_management_250609http://www.banking-business-review.com/news/bny_mellon_trustee_for_illinois_stat_build_america_bond_issue_090624Build America Bonds provide state and local governmental entities with federal-subsidized funding at lower borrowing costs.2009-06-24T07:44:27.0+05:30http://www.banking-business-review.com/news/bny_mellon_trustee_for_illinois_stat_build_america_bond_issue_090624http://assetmanagement.banking-business-review.com/news/sumitomo_trust_finance_to_launch_new_multi_strategy_hedge_fund_in_japan_250609STF intends to invest in stocks, index options, futures and credit-default swaps in Japan and abroad.2009-06-24T21:25:33.782-04:00http://assetmanagement.banking-business-review.com/news/sumitomo_trust_finance_to_launch_new_multi_strategy_hedge_fund_in_japan_250609http://www.banking-business-review.com/news/hennessy_advisors_to_acquire_assets_of_two_sparx_japan_funds_090624Hennessy Advisors will retain SPARX Asset Management Co as the Funds' sub-advisor to manage the portfolios of the two funds.2009-06-24T00:00:00.0+05:30http://www.banking-business-review.com/news/hennessy_advisors_to_acquire_assets_of_two_sparx_japan_funds_090624http://www.banking-business-review.com/news/sarasin_group_to_enter_india_with_sarasinalpen_090624The bank wants to provide financial advisory and consultancy services to wealthy private clients in India and distribute select prime third-party products such as mutual funds.2009-06-24T07:30:34.0+05:30http://www.banking-business-review.com/news/sarasin_group_to_enter_india_with_sarasinalpen_090624http://payments.banking-business-review.com/news/visa_neustar_join_to_offer_mobile_payments_globally_250609The strategic alliance is expected to facilitate collaboration among mobile network operators and financial institutions. 2009-06-24T21:35:46.044-04:00http://payments.banking-business-review.com/news/visa_neustar_join_to_offer_mobile_payments_globally_250609http://www.banking-business-review.com/news/first_place_bank_to_acquire_three_amtrust_bank_branches_090624As part of its plan to expand its presence in the Cleveland market.2009-06-24T00:00:00.0+05:30http://www.banking-business-review.com/news/first_place_bank_to_acquire_three_amtrust_bank_branches_090624http://www.banking-business-review.com/news/prescient_chooses_eagles_investment_management_suite_090624Prescient has selected the Eagle suite to streamline its growing local and global operations.2009-06-24T00:00:00.0+05:30http://www.banking-business-review.com/news/prescient_chooses_eagles_investment_management_suite_090624http://www.banking-business-review.com/news/suntrust_announces_key_appointments_090624The changes are within its wealth & investment management, business banking, and memphis banking operations.2009-06-24T07:19:51.0+05:30http://www.banking-business-review.com/news/suntrust_announces_key_appointments_090624http://commercial.banking-business-review.com/news/credit_suisse_deutsche_bank_settle_huntsman_lawsuit_240609It ends Huntsman’s battle to win compensation for the collapse of its takeover by Hexion, after the two banks refused to finance the $6.5 billion deal signed in 2007.2009-06-23T21:41:33.162-04:00http://commercial.banking-business-review.com/news/credit_suisse_deutsche_bank_settle_huntsman_lawsuit_240609http://commercial.banking-business-review.com/news/nab_launches_new_product_for_advisers_investors_240609NAB claims that the new product combines the features of wealth cash trusts and bank deposit products.2009-06-23T21:49:53.553-04:00http://commercial.banking-business-review.com/news/nab_launches_new_product_for_advisers_investors_240609http://commercial.banking-business-review.com/news/morgan_stanley_launches_equity_trading_in_saudi_arabia_240609Last August, MSSA executed a swap transaction on behalf of a non-resident foreign investor, giving clients outside the Kingdom access to companies listed on the Tadawul, for the first time.2009-06-23T22:06:01.194-04:00http://commercial.banking-business-review.com/news/morgan_stanley_launches_equity_trading_in_saudi_arabia_240609http://assetmanagement.banking-business-review.com/news/kbc_asset_management_subcribes_for_asset4s_esg_solution_240609KBC intends to develop socially responsible funds using new reservoir of information from the ASSET4.2009-06-23T22:18:51.044-04:00http://assetmanagement.banking-business-review.com/news/kbc_asset_management_subcribes_for_asset4s_esg_solution_240609http://payments.banking-business-review.com/news/banctec_acquires_privatgirot_to_offer_bpo_services_in_nordic_region_240609Privatgirot, which processes Giros for the top seven Swedish Banks will continue to provide payment and document processing services under long term service contracts. 2009-06-24T00:08:05.944-04:00http://payments.banking-business-review.com/news/banctec_acquires_privatgirot_to_offer_bpo_services_in_nordic_region_240609http://www.banking-business-review.com/news/nab_agrees_to_buy_aviva_wealth_management_unit_090622NAB gets Aviva Australia’s Norwich Union Life and Navigator businesses. 2009-06-22T00:00:00.0+05:30http://www.banking-business-review.com/news/nab_agrees_to_buy_aviva_wealth_management_unit_090622http://assetmanagement.banking-business-review.com/news/bny_mellon_launches_derivatives360_platform_230609The service offers end-to-end solution for all derivatives needs.2009-06-22T21:42:51.699-04:00http://assetmanagement.banking-business-review.com/news/bny_mellon_launches_derivatives360_platform_230609http://commercial.banking-business-review.com/news/southern_national_bancorp_of_virginia_to_acquire_warrenton_branch_of_millennium_bank_230609The bank intends to focus on Northern Virginia market, and stabilize its capital position.2009-06-22T22:13:39.421-04:00http://commercial.banking-business-review.com/news/southern_national_bancorp_of_virginia_to_acquire_warrenton_branch_of_millennium_bank_230609http://payments.banking-business-review.com/news/american_express_introduces_new_service_to_manage_household_spending_230609Cardmembers can set, manage and track spending limits on additional cards.2009-06-22T21:54:39.38-04:00http://payments.banking-business-review.com/news/american_express_introduces_new_service_to_manage_household_spending_230609http://bankingsoftwaretechnology.banking-business-review.com/news/veritec_launches_mobile_toggle_card_solution_230609The customers with MTC card are empowered to toggle their debit cards on and off from their mobile phones, to avoid any unpermitted and fraudulent use. 2009-06-22T22:24:05.542-04:00http://bankingsoftwaretechnology.banking-business-review.com/news/veritec_launches_mobile_toggle_card_solution_230609http://ecnsexchanges.banking-business-review.com/news/credit_suisse_aes_launches_algorithmic_trading_in_india_220609The bank claims that it helps in avoiding sharp spikes in volatility while minimizing market impact.2009-06-22T00:06:56.71-04:00http://ecnsexchanges.banking-business-review.com/news/credit_suisse_aes_launches_algorithmic_trading_in_india_220609http://assetmanagement.banking-business-review.com/news/mk_everest_ace_capital_form_strategic_alliance_220609MK Everest will be the regional sales and marketing partner for the marketing and sales of ACE's land banking solution, GreenDeed. 2009-06-22T00:45:42.885-04:00http://assetmanagement.banking-business-review.com/news/mk_everest_ace_capital_form_strategic_alliance_220609http://commercial.banking-business-review.com/news/oxford_bank_corp_names_new_president_ceo_220609He was with Michigan-based North Country Bank & Trust, as CEO and President.2009-06-22T00:42:50.797-04:00http://commercial.banking-business-review.com/news/oxford_bank_corp_names_new_president_ceo_220609http://commercial.banking-business-review.com/news/options_media_group_retains_jesup_lamont_220609Going ahead, Jesup & Lamont intends to seek potential mergers and acquisitions that will enhance shareholder value.2009-06-21T23:56:49.76-04:00http://commercial.banking-business-review.com/news/options_media_group_retains_jesup_lamont_220609http://commercial.banking-business-review.com/news/freddie_mac_settles_guaranteed_structured_pass_220609Intends to provide liquidity, stability and affordability to the nation's multifamily housing market.2009-06-21T22:55:21.159-04:00http://commercial.banking-business-review.com/news/freddie_mac_settles_guaranteed_structured_pass_220609http://www.banking-business-review.com/news/northern_trust_introduces_two_new_mutual_funds_090618Both these funds seek to generate higher yields than money market funds with less volatility than short duration bond funds.2009-06-18T16:16:06.941+02:30http://www.banking-business-review.com/news/northern_trust_introduces_two_new_mutual_funds_090618http://www.banking-business-review.com/news/kb_financial_to_raise_2b_for_loans_takeovers_090618The company seeks to increase its dominance by acquiring its rivals.2009-06-18T16:16:06.941+02:30http://www.banking-business-review.com/news/kb_financial_to_raise_2b_for_loans_takeovers_090618http://www.banking-business-review.com/news/ebrd_issues_fiveyear_3b_bond_090618EBRD has issued to finance its existing rouble loan portfolio and provide funding to support long-term rouble lending activities.2009-06-18T16:16:06.941+02:30http://www.banking-business-review.com/news/ebrd_issues_fiveyear_3b_bond_090618http://www.banking-business-review.com/news/wolters_kluwer_financial_forms_indirect_lending_business_unit_090617The company wants to align all indirect lending compliance solutions to meet the needs of broader market.2009-06-17T16:16:06.941+02:30http://www.banking-business-review.com/news/wolters_kluwer_financial_forms_indirect_lending_business_unit_090617http://www.banking-business-review.com/news/longtop_to_upgrade_crm_system_for_national_commercial_bank_in_china_090617Longtop will implement data-mining techniques and new analytical functions will be added including performance appraisal, unified view of customer profile, customer analysis and decision making, statistical inquiry and reporting.2009-06-17T16:16:06.941+02:30http://www.banking-business-review.com/news/longtop_to_upgrade_crm_system_for_national_commercial_bank_in_china_090617http://www.banking-business-review.com/news/morgan_stanley_jpmorgan_to_stop_issuing_fdicguaranteed_debt_090617The banks are confident that they are capable of operating more independently.2009-06-17T16:16:06.941+02:30http://www.banking-business-review.com/news/morgan_stanley_jpmorgan_to_stop_issuing_fdicguaranteed_debt_090617http://www.banking-business-review.com/news/credit_suisse_appoints_simon_yuan_as_cohead_of_financial_institutions_greater_china_coverage_090617He has experience in many high profile restructurings, capital raisings and cross-border M&As in the Chinese financial sector.2009-06-17T16:16:06.941+02:30http://www.banking-business-review.com/news/credit_suisse_appoints_simon_yuan_as_cohead_of_financial_institutions_greater_china_coverage_090617http://www.banking-business-review.com/news/westpac_new_zealand_adopts_aci_proactive_risk_manager_to_detect_banking_frauds_090617ACI solution helps in fraud detection and helps customers against the rapidly rising volume of fraudulent activities occurring worldwide.2009-06-17T16:16:06.941+02:30http://www.banking-business-review.com/news/westpac_new_zealand_adopts_aci_proactive_risk_manager_to_detect_banking_frauds_090617http://www.banking-business-review.com/news/citizens_financial_launches_gateway_portal_powered_by_mastercard_090617The enterprise-wide commercial payment processing platform can reduce costs and increases efficiency.2009-06-17T16:16:06.941+02:30http://www.banking-business-review.com/news/citizens_financial_launches_gateway_portal_powered_by_mastercard_090617http://www.banking-business-review.com/news/danvers_bancorp_signs_definitive_merger_agreement_with_beverly_national_corporation_090617The transaction is valued at approximately $23.04 per share or $61.95 million in the aggregate.2009-06-17T16:16:06.941+02:30http://www.banking-business-review.com/news/danvers_bancorp_signs_definitive_merger_agreement_with_beverly_national_corporation_090617http://www.banking-business-review.com/news/lincoln_financial_to_sell_uk_subsidiary_for_£195m_090616Estimated proceeds of around $300 million from the transaction is expected to be used primarily for general corporate purposes.2009-06-16T16:16:06.941+02:30http://www.banking-business-review.com/news/lincoln_financial_to_sell_uk_subsidiary_for_£195m_090616http://www.banking-business-review.com/news/caldwell_investment_to_acquire_5_stake_in_nse_090616The value is slightly ahead of Norwest Venture Partners deal struck early this month to buy 2.11% stake of NSE for INR250 crore.2009-06-16T16:16:06.941+02:30http://www.banking-business-review.com/news/caldwell_investment_to_acquire_5_stake_in_nse_090616http://www.banking-business-review.com/news/five_firms_in_fray_for_citigroup_nikko_unit_bidding_090616Citigroup wants to sell its Japanese Asset Management Unit as part of its efforts to rebuild the organization.2009-06-16T16:16:06.941+02:30http://www.banking-business-review.com/news/five_firms_in_fray_for_citigroup_nikko_unit_bidding_090616http://www.banking-business-review.com/news/hanmi_financial_signs_definitive_agreement_with_korean_investor_090615The Korean investor has committed to invest up to $11 million of common equity capital into HFC, which is the maximum allowed without seeking US regulatory approval.2009-06-15T16:16:06.941+02:30http://www.banking-business-review.com/news/hanmi_financial_signs_definitive_agreement_with_korean_investor_090615http://www.banking-business-review.com/news/db_securities_names_jeff_knupp_as_director_of_global_prime_finance_sales_group_090615Mr. Knupp joins the Bank from Morgan Stanley, where he was an Executive Director responsible for Midwest Prime Brokerage Sales.2009-06-15T16:16:06.941+02:30http://www.banking-business-review.com/news/db_securities_names_jeff_knupp_as_director_of_global_prime_finance_sales_group_090615http://www.banking-business-review.com/news/barclaycard_extends_contactlessenabled_cards_to_other_cardholders_090615Contactless credit cards allow secure payment for goods and services costing £10 and under, without the need to enter a PIN or signature.2009-06-15T16:16:06.941+02:30http://www.banking-business-review.com/news/barclaycard_extends_contactlessenabled_cards_to_other_cardholders_090615http://www.banking-business-review.com/news/canada_enstream_launches_new_mobile_payment_service_zoompass_090615The service offers customers with a new way to transfer money instantly using a mobile phone.2009-06-15T16:16:06.941+02:30http://www.banking-business-review.com/news/canada_enstream_launches_new_mobile_payment_service_zoompass_090615http://www.banking-business-review.com/news/cba_sets_sight_on_lloyds_fund_management_arm_090614Since the global financial crisis is at its peak, CBA is using the opportunity of diminish valuations to buy the assets of battered banks.2009-06-14T16:16:06.941+02:30http://www.banking-business-review.com/news/cba_sets_sight_on_lloyds_fund_management_arm_090614http://www.banking-business-review.com/news/morgan_stanley_citi_joint_venture_hits_gridlock_090614Even though the joint venture began well ahead of its schedule, integrating information technology systems is going to take some time.2009-06-14T16:16:06.941+02:30http://www.banking-business-review.com/news/morgan_stanley_citi_joint_venture_hits_gridlock_090614http://www.banking-business-review.com/news/hsbc_to_separate_general_banking_investment_service_areas_090612New segregated services, in support of HKMA recommended measures, will enhance investor protection.2009-06-12T16:16:06.941+02:30http://www.banking-business-review.com/news/hsbc_to_separate_general_banking_investment_service_areas_090612http://www.banking-business-review.com/news/crisil_risk_solutions_sings_agreement_with_idbi_bank_for_advanced_baselii_090612CRISIL Risk Solutions will also integrate various risk systems in IDBI Bank during the course of the assignment.2009-06-12T16:16:06.941+02:30http://www.banking-business-review.com/news/crisil_risk_solutions_sings_agreement_with_idbi_bank_for_advanced_baselii_090612http://commercial.banking-business-review.com/news/california_bank_trust_completes_conversion_of_alliance_bank_branches_160609With the completion of this conversion, CB&T will have 93 branches with more than 6000 accounts within the state of California. 2009-06-15T23:33:43.9-04:00http://commercial.banking-business-review.com/news/california_bank_trust_completes_conversion_of_alliance_bank_branches_160609http://www.banking-business-review.com/news/barclays_receives_135b_binding_offer_from_blackrock_for_bgi_090612The proposed transaction would offer exciting opportunities both for Barclays and BlackRock.2009-06-12T16:16:06.941+02:30http://www.banking-business-review.com/news/barclays_receives_135b_binding_offer_from_blackrock_for_bgi_090612http://www.banking-business-review.com/news/ge_real_estate_mandates_bnp_paribas_securities_to_provide_services_in_france_090611BNP Paribas Securities Services will provide depobank, custody, and registrar services in France.2009-06-11T16:16:06.941+02:30http://www.banking-business-review.com/news/ge_real_estate_mandates_bnp_paribas_securities_to_provide_services_in_france_090611http://www.banking-business-review.com/news/jpmorgan_takes_over_highbridge_founder_to_leave_090611The banking major’s association with HCM has been one of the most successful in the hedge fund industry, as the latter’s assets under management swelled from $7 billion to $21 billion in just over five years.2009-06-11T16:16:06.941+02:30http://www.banking-business-review.com/news/jpmorgan_takes_over_highbridge_founder_to_leave_090611http://www.banking-business-review.com/news/bank_of_america_ceo_defends_merrill_lynch_acquisition_090611Ken Lewis said that he was not strong-armed to close the deal and the investment bank losses were accelerated unexpectedly after the deal.2009-06-11T16:16:06.941+02:30http://www.banking-business-review.com/news/bank_of_america_ceo_defends_merrill_lynch_acquisition_090611http://www.banking-business-review.com/news/grupo_financiero_banorte_appoints_bank_of_new_york_mellon_as_depositary_bank_090611GFB seeks to utilise BNYM’s resources to develop a long and mutual beneficial partnership.2009-06-11T16:16:06.941+02:30http://www.banking-business-review.com/news/grupo_financiero_banorte_appoints_bank_of_new_york_mellon_as_depositary_bank_090611http://www.banking-business-review.com/news/northern_rock_investors_seek_payout_at_uk_appeals_court_090610Former shareholders of Northern Rock argue that the terms of the compensation order are unfair.2009-06-10T16:16:06.941+02:30http://www.banking-business-review.com/news/northern_rock_investors_seek_payout_at_uk_appeals_court_090610http://www.banking-business-review.com/news/ukfi_plans_to_sell_rbs_lloyds_stakes_090610Selling exchangeable bond is considered to be the most effective one for recovering government’s investment before the UK Financial Investments (UKFI).2009-06-10T16:16:06.941+02:30http://www.banking-business-review.com/news/ukfi_plans_to_sell_rbs_lloyds_stakes_090610http://www.banking-business-review.com/news/citi_to_convert_58b_preferred_shares_adopts_poison_pill_090610The move will dilute the US governments stake in the bank to 34%, and thwart investors and hedge funds from holding sizable stakes.2009-06-10T16:16:06.941+02:30http://www.banking-business-review.com/news/citi_to_convert_58b_preferred_shares_adopts_poison_pill_090610http://www.banking-business-review.com/news/sbi_awaits_government_approval_for_merger_of_associate_banks_090610State Bank of India (SBI) is eying acquisitions of its associate banks by September this year.2009-06-10T16:16:06.941+02:30http://www.banking-business-review.com/news/sbi_awaits_government_approval_for_merger_of_associate_banks_090610http://www.banking-business-review.com/news/1st_century_bancshares_added_to_aba_nasdaq_community_bank_index_090610NASDAQ CBI is one of the nation's most broadly representative stock indices for community banks.2009-06-10T16:16:06.941+02:30http://www.banking-business-review.com/news/1st_century_bancshares_added_to_aba_nasdaq_community_bank_index_090610http://www.banking-business-review.com/news/wells_fargo_unwilling_to_repay_tarp_funds_090609Wells Fargo does not want to repay the TARP funds as it is concentrating on absorbing Wachovia.2009-06-09T16:16:06.941+02:30http://www.banking-business-review.com/news/wells_fargo_unwilling_to_repay_tarp_funds_090609http://www.banking-business-review.com/news/hsbc_eying_big_pie_in_russian_retail_market_090609The London-based bank aims to tap the relatively unaffected Russian market.2009-06-09T16:16:06.941+02:30http://www.banking-business-review.com/news/hsbc_eying_big_pie_in_russian_retail_market_090609http://www.banking-business-review.com/news/swedens_central_bank_borrows_€3b_from_ecb_090610Riksbank has borrowed from the ECB to ensure that it is well-prepared to continue safeguarding financial stability.2009-06-10T16:16:06.941+02:30http://www.banking-business-review.com/news/swedens_central_bank_borrows_€3b_from_ecb_090610http://www.banking-business-review.com/news/piper_jaffray_appoints_david_wirdnam_matt_traina_as_managing_directors_090609The appointment of David Wirdnam and Matt Traina will complement its debt capital markets and financial restructuring teams.2009-06-09T16:16:06.941+02:30http://www.banking-business-review.com/news/piper_jaffray_appoints_david_wirdnam_matt_traina_as_managing_directors_090609http://www.banking-business-review.com/news/wholesale_banking_bright_spot_in_beleaguered_industry_090609The global financial crisis had little impact on wholesale banking so far.2009-06-09T16:16:06.941+02:30http://www.banking-business-review.com/news/wholesale_banking_bright_spot_in_beleaguered_industry_090609http://retailbanking.banking-business-review.com/news/lloyds_banking_announces_organisational_changes_in_retail_division_100609The Group is focussing on building mortgage and savings direct and intermediary businesses.2009-06-09T22:57:42.959-04:00http://retailbanking.banking-business-review.com/news/lloyds_banking_announces_organisational_changes_in_retail_division_100609http://ecnsexchanges.banking-business-review.com/news/iseee_issues_reform_initiatives_for_global_market_recovery_100609International Stock Exchange Executives Emeriti (ISEEE) has announced the release of reform initiatives for 11 actions to spur a global market recovery. 2009-06-09T23:40:08.739-04:00http://ecnsexchanges.banking-business-review.com/news/iseee_issues_reform_initiatives_for_global_market_recovery_100609http://onlinebanking.banking-business-review.com/news/rbs_group_embraces_rapport_solution_to_provide_online_security_100609With an aim to protect the finances of their online banking customers, RBS Group (RBSG) has embraced a new online security solution.2009-06-09T23:48:38.369-04:00http://onlinebanking.banking-business-review.com/news/rbs_group_embraces_rapport_solution_to_provide_online_security_100609http://assetmanagement.banking-business-review.com/news/suntrust_inches_closer_to_tier_1_common_capital_target_100609SunTrust Banks has completed common stock offering and other initiatives that has brought the company very close to the Tier 1 common capital target. 2009-06-09T23:43:13.548-04:00http://assetmanagement.banking-business-review.com/news/suntrust_inches_closer_to_tier_1_common_capital_target_100609http://cards.banking-business-review.com/news/credit_card_delinquencies_rising_in_us_100609As cash strapped customers are using tax refunds to pay day-to-day expenses instead of paying down their credit-card balances,credit card delinquencies are on the rise.2009-06-09T23:54:29.347-04:00http://cards.banking-business-review.com/news/credit_card_delinquencies_rising_in_us_100609http://www.banking-business-review.com/news/fdic_for_top_management_shake_up_at_citi_090609With the regulator’s increased involvement in Citi group, the Indian born CEO’s position appears to be at risk.2009-06-08T22:43:06.109-04:00http://www.banking-business-review.com/news/fdic_for_top_management_shake_up_at_citi_090609http://www.banking-business-review.com/news/blackrock_emerges_as_favourite_for_barclays_asset_management_unit_090609BlackRock, a global publicly traded asset manager, has emerged as the frontrunner to purchase the asset management unit of Barclays for more than $10 billion.2009-06-08T22:40:14.05-04:00http://www.banking-business-review.com/news/blackrock_emerges_as_favourite_for_barclays_asset_management_unit_090609http://www.banking-business-review.com/news/ubs_forms_strategic_alliance_with_trucost_090609The alliance includes joint marketing through collaboration with UBS’ major SRI research team, as well as investor calls, conferences and road shows. 2009-06-08T22:38:14.974-04:00http://www.banking-business-review.com/news/ubs_forms_strategic_alliance_with_trucost_090609http://www.banking-business-review.com/news/nomura_gets_licence_from_qfc_regulatory_authority_to_operate_from_qatar_090609Qatar Financial Centre (QFC) Regulatory Authority has granted licence to Tokyo-based global investment bank Nomura, to provide investment banking and capital market services in the country.2009-06-08T22:34:12.838-04:00http://www.banking-business-review.com/news/nomura_gets_licence_from_qfc_regulatory_authority_to_operate_from_qatar_090609http://www.banking-business-review.com/news/bank_of_lincolnwood_fails_republic_bank_of_chicago_assumes_all_deposits_090609The Illinois Department of Financial and Professional Regulation (DFPR), Division of Banking has closed Illinois-based Bank of Lincolnwood (BL).2009-06-08T22:36:07.711-04:00http://www.banking-business-review.com/news/bank_of_lincolnwood_fails_republic_bank_of_chicago_assumes_all_deposits_090609http://www.banking-business-review.com/news/fdic_postpones_pilot_sale_of_failed_bank_assets_080609Unable to get US banks to sell their toxic loans, the Federal Deposit Insurance Corp (FDIC) has postponed its pilot sale of toxic bank loans seized from failed lenders using guaranteed debt financing.2009-06-07T23:08:27.375-04:00http://www.banking-business-review.com/news/fdic_postpones_pilot_sale_of_failed_bank_assets_080609http://www.banking-business-review.com/news/icbc_makes_canadian_foray_by_acquiring_70_of_bank_of_east_asias_canada_unit_080609In continuation to its overseas expansion plans, ICBC plans to purchase Bank of East Asia's Canadian unit.2009-06-07T23:06:36.065-04:00http://www.banking-business-review.com/news/icbc_makes_canadian_foray_by_acquiring_70_of_bank_of_east_asias_canada_unit_080609http://www.banking-business-review.com/news/citi_hires_morgan_stanley_banker_to_govern_unit_sales_080609Citigroup has hired James von Moltke, a Morgan Stanley banker, to take charge of the sale of businesses the bank plans to exit.2009-06-07T23:01:16.54-04:00http://www.banking-business-review.com/news/citi_hires_morgan_stanley_banker_to_govern_unit_sales_080609http://www.banking-business-review.com/news/bofa_appoints_greg_curl_as_chief_risk_officer_080609The US lending major, witnessing the biggest potential losses as per the US stress tests, has named acquisition specialist Gregory Curl as Chief Risk Officer.2009-06-07T22:58:56.152-04:00http://www.banking-business-review.com/news/bofa_appoints_greg_curl_as_chief_risk_officer_080609http://www.banking-business-review.com/news/bank_of_new_york_mellon_seeks_asset_management_acquisitions_080609With ample capital in its balance sheet, Bank of New York Mellon (BNYM) is looking to expand its $880 billion asset-management business through acquisitions.2009-06-07T22:56:11.874-04:00http://www.banking-business-review.com/news/bank_of_new_york_mellon_seeks_asset_management_acquisitions_080609http://www.banking-business-review.com/news/finma_proposes_new_compensation_rules_050609FINMA, the Swiss bank regulator, has asked Swiss banks to link employees’ bonus plans to long-term performance, in order to limit excessive risk-taking by 2010.2009-06-04T23:48:29.668-04:00http://www.banking-business-review.com/news/finma_proposes_new_compensation_rules_050609http://www.banking-business-review.com/news/morgan_stanley_appoints_ubs_heads_for_exchange_traded_derivatives_business_050609Morgan Stanley has hired Clark Hutchison and Bill Templer for its exchange-traded futures and options business.2009-06-04T23:52:47.038-04:00http://www.banking-business-review.com/news/morgan_stanley_appoints_ubs_heads_for_exchange_traded_derivatives_business_050609http://www.banking-business-review.com/news/anz_makes_further_inroads_into_china_050609ANZ has received approval from the China Banking Regulatory Commission (CBRC) to open a branch in the southern Chinese city of Guangzhou.2009-06-04T23:50:37.478-04:00http://www.banking-business-review.com/news/anz_makes_further_inroads_into_china_050609http://www.banking-business-review.com/news/citi_unveils_governance_portal_for_mutual_funds_050609Citi has launched Fund Governance Portal (FGP) that provides its mutual fund servicing clients to access real-time data, critical documents and links that are essential to managing a fund’s business.2009-06-04T23:35:56.698-04:00http://www.banking-business-review.com/news/citi_unveils_governance_portal_for_mutual_funds_050609http://www.banking-business-review.com/news/jpmorgan_disbands_hedge_funds_business_pe_division_050609JPMorgan Chase has decided to part ways with its investment unit that focuses on areas like hedge funds, leveraged buyouts and real estate.2009-06-04T23:46:18.561-04:00http://www.banking-business-review.com/news/jpmorgan_disbands_hedge_funds_business_pe_division_050609http://www.banking-business-review.com/news/investors_bancorp_acquires_american_bancorp_of_new_jersey_040609Short Hills, New Jersey-based Investors Bancorp has completed the acquisition of American Bancorp of New Jersey. 2009-06-03T23:52:39.57-04:00http://www.banking-business-review.com/news/investors_bancorp_acquires_american_bancorp_of_new_jersey_040609http://www.banking-business-review.com/news/threadneedle_acquires_standard_chartereds_mutual_fund_business_040609Threadneedle, a London-based international asset management company, has completed the acquisition of Standard Chartered Bank’s World Express Funds investment funds business. 2009-06-03T23:35:43.277-04:00http://www.banking-business-review.com/news/threadneedle_acquires_standard_chartereds_mutual_fund_business_040609http://www.banking-business-review.com/news/credit_suisse_appoints_dartmouths_david_russ_as_chief_investment_strategist_040609Credit Suisse has appointed David Russ as a Chief Investment Strategist for its new investment strategies unit.2009-06-03T23:23:20.385-04:00http://www.banking-business-review.com/news/credit_suisse_appoints_dartmouths_david_russ_as_chief_investment_strategist_040609http://www.banking-business-review.com/news/bofa_to_surpass_capital_target_040609The struggling US banking major, Bank of America has raised almost $33 billion in capital.2009-06-03T23:16:25.58-04:00http://www.banking-business-review.com/news/bofa_to_surpass_capital_target_040609http://www.banking-business-review.com/news/futura_card_services_expands_mobile_financial_services_040609Ottawa-based Futura Card Services has extended mobile phone financial services to prepaid card platform. 2009-06-03T23:28:09.801-04:00http://www.banking-business-review.com/news/futura_card_services_expands_mobile_financial_services_040609http://www.banking-business-review.com/news/carlyle_to_acquire_silverton_bank_030609Private-equity firm Carlyle Group and a group of investors are in talks to acquire failed Atlanta-based Silverton Bank, known as "bank of banks" that served small financial institutions throughout the US. 2009-06-02T23:49:10.682-04:00http://www.banking-business-review.com/news/carlyle_to_acquire_silverton_bank_030609http://www.banking-business-review.com/news/temecula_valley_bancorp_to_get_210m_capital_from_bancroft_capital_030609Temecula Valley Bancorp inks a non-binding letter of intent with Bancroft Capital for cash investment of up to $210 million.2009-06-02T23:47:18.471-04:00http://www.banking-business-review.com/news/temecula_valley_bancorp_to_get_210m_capital_from_bancroft_capital_030609http://www.banking-business-review.com/news/jpmorgan_to_raise_5b_to_satisfy_tarp_repayment_condition_030609JPMorgan Chase expects to have tier one capital of approximately $118 billion and fully redeem the $25 billion of TARP preferred capital before June end.2009-06-02T23:42:24.422-04:00http://www.banking-business-review.com/news/jpmorgan_to_raise_5b_to_satisfy_tarp_repayment_condition_030609http://www.banking-business-review.com/news/morgan_stanley_citi_complete_smith_barney_transaction_030609Morgan Stanley, in partnership with Citigroup, is launching a new brokerage firm, Morgan Stanley Smith Barney.2009-06-02T23:39:43.519-04:00http://www.banking-business-review.com/news/morgan_stanley_citi_complete_smith_barney_transaction_030609http://www.banking-business-review.com/news/goldman_sachs_to_sell_icbc_stake_for_192b_030609Under a revised agreement with ICBC, Goldman Sachs is going to sell its entire stake to repay the $10 billion capital injection it owes to the US government.2009-06-02T23:37:32.756-04:00http://www.banking-business-review.com/news/goldman_sachs_to_sell_icbc_stake_for_192b_030609http://www.banking-business-review.com/news/cnbf_to_discuss_unsolicited_acquisition_proposals_020609Massachusetts-based CNB Financial Corp (CNBF) has announced that it plans to commence discussions with United Financial Bancorp (UFB), the holding company for United Bank, regarding UFB’s unsolicited acquisition proposal. The latter has offered to acquire each outstanding share of CNBF for $10.25 per share in a transaction consisting of an equal amount of stock and cash, subject to elections by the shareholders. 2009-06-01T22:36:42.441-04:00http://www.banking-business-review.com/news/cnbf_to_discuss_unsolicited_acquisition_proposals_020609http://www.banking-business-review.com/news/citibank_launches_online_tax_payment_solution_in_malaysia_020609Kuala Lumpur-based Citibank Berhad and Lembaga Hasil Dalam Negeri Malaysia (LHDNM) have launched CitiConnectSM e-Tax, an online payment solution that enables companies to settle their tax payments to LHDNM, the sole tax authority in Malaysia entitled to collect income taxes on behalf of the Government. For Citi, this new service complements its existing EPF e-Contribution alliance, which is currently available in Malaysia. 2009-06-01T22:40:48.186-04:00http://www.banking-business-review.com/news/citibank_launches_online_tax_payment_solution_in_malaysia_020609http://www.banking-business-review.com/news/nomura_adopts_western_style_bonuses_020609Kenichi Watanabe, CEO of Nomura, has declared that the Japanese banking major has succeeded in persuading more than half of its 1,600 investment bank staff to sign contracts that are akin to volatile western banks such as Lehman Bros. According to the new contracts, the staff gets decreased basic pay and it becomes very easy to discard them, in exchange for potentially higher performance-related bonuses.2009-06-01T22:45:44.246-04:00http://www.banking-business-review.com/news/nomura_adopts_western_style_bonuses_020609http://www.banking-business-review.com/news/wells_fargo_against_emeriques_offer_to_acquire_hartmarx_020609The group of banks led by Wells Fargo as agent, which has provided credit to Hartmarx Corp., has announced that it would oppose Emerisque’s offer to acquire Hartmarx that has been in Chapter 11 since the beginning of this year and has been unable to repay more than $114 million that it owes the bank group. 2009-06-01T22:34:19.334-04:00http://www.banking-business-review.com/news/wells_fargo_against_emeriques_offer_to_acquire_hartmarx_020609http://www.banking-business-review.com/news/deutsche_bank_extends_association_with_devere_and_partners_020609After successfully completing two years of association, Deutsche Bank has committed to the extension of the alliance with UK-based deVere Group through the roll out of a series of new proprietary growth products. 2009-06-01T22:30:17.245-04:00http://www.banking-business-review.com/news/deutsche_bank_extends_association_with_devere_and_partners_020609http://www.banking-business-review.com/news/nedbank_in_talks_to_buy_imperials_south_african_banking_unit_010609Johannesburg-based Nedbank Group, South Africa’s fourth-largest lender controlled by Old Mutual Plc, is in talks with Imperial Holdings to buy 50% stake in smaller asset-based financing firm Imperial Bank that it does not own.2009-05-31T23:56:42.645-04:00http://www.banking-business-review.com/news/nedbank_in_talks_to_buy_imperials_south_african_banking_unit_010609http://www.banking-business-review.com/news/anglo_irish_bank_posts_massive_loss_of_41b_010609Dublin-based Anglo Irish Bank has reported a massive pre-tax loss of €4.1 billion for the six month period to 31 March 2009, driven by specific and collective lending impairment charges of €3.7 billion and €0.4 billion, respectively.2009-05-31T23:54:46.168-04:00http://www.banking-business-review.com/news/anglo_irish_bank_posts_massive_loss_of_41b_010609http://www.banking-business-review.com/news/jp_morgan_chase_converts_29m_wamu_accounts_in_pacific_northwest_010609JP Morgan Chase has successfully upgraded products and technology in the Pacific Northwest to link 343 former Washington Mutual (WaMu) branches with more than 3,200 other Chase branches. The conversion of 2.9 million accounts in Washington, Oregon, Idaho and Utah follows conversion of 20 million credit card accounts onto Chase computer systems, thus increasing effectiveness and reducing costs in the process.2009-05-31T23:52:07.349-04:00http://www.banking-business-review.com/news/jp_morgan_chase_converts_29m_wamu_accounts_in_pacific_northwest_010609http://www.banking-business-review.com/news/fortress_to_enter_into_retail_banking_010609In a move that can establish a foothold in the US retail banking industry, Fortress Investment Group, a private equity and hedge fund company with $26.5 billion assets, is joining hands with other private equity investors, Crestview Partners and Lightyear Capital, to inject $800 million in fresh capital into First Southern, a Florida bank.2009-05-31T23:49:44.601-04:00http://www.banking-business-review.com/news/fortress_to_enter_into_retail_banking_010609http://www.banking-business-review.com/news/credit_suisse_seeks_to_sell_non_core_assets_010609Billions of pounds worth of European real estate property is expected to be sold in the next few months as businesses, particularly banks, seek to get rid of non core assets. Credit Suisse has begun a sale of its Canary Wharf buildings that can fetch as much as £500 million, as part of a strategy to concentrate on core banking operations.2009-05-31T23:44:42.328-04:00http://www.banking-business-review.com/news/credit_suisse_seeks_to_sell_non_core_assets_010609http://www.banking-business-review.com/news/broadpoint_expands_us_treasury_business_290509Broadpoint Capital, a broker-dealer subsidiary of Broadpoint Securities Group has announced that Geoffrey Harris has joined the firm’s Investment Banking Division as a Managing Director.2009-05-28T23:57:05.1-04:00http://www.banking-business-review.com/news/broadpoint_expands_us_treasury_business_290509http://www.banking-business-review.com/news/santander_to_rebrand_its_uk_operations_from_2010_290509Spanish bank Santander has decided to operate under a single brand name across 40 countries of the Europe, particularly in the UK. Following this decision the Abbey, Alliance & Leicester (A&L) and Bradford & Bingley savings (B&B) will be rebranded as Santander from the first quarter of 2010.2009-05-28T23:52:27.215-04:00http://www.banking-business-review.com/news/santander_to_rebrand_its_uk_operations_from_2010_290509http://www.banking-business-review.com/news/central_bank_of_sweden_to_strengthen_foreign_currency_reserves_290509Riksbank, the central bank of Sweden, has decided to restore the level of the foreign currency reserve by borrowing 100 billion Swedish Kronor from the National Debt Office. This needs to be done to restore its currency reserves (as it has lent part of the foreign currency reserve to Swedish banks) and to meet its increased commitments to other central banks and international organisations. 2009-05-28T23:36:36.249-04:00http://www.banking-business-review.com/news/central_bank_of_sweden_to_strengthen_foreign_currency_reserves_290509http://www.banking-business-review.com/news/eib_signs_180m_agreements_with_atebank_marfin_egnatia_bank_290509The European Investment Bank (EIB) has signed new partnerships worth €180 million with ATEbank and Marfin Egnatia Bank, as part of its Small and Medium Enterprise support policy to support small and medium-sized investments in Greece. Out of the total €180 million, €100 million goes to ATEbank, and the remaining amount towards the Marfin Egnatia Bank, which has associated with EIB for the first time. The lending facility signed with Marfin Egnatia Bank includes lease financing possibilities.2009-05-28T23:40:50.463-04:00http://www.banking-business-review.com/news/eib_signs_180m_agreements_with_atebank_marfin_egnatia_bank_290509http://www.banking-business-review.com/news/bofa_on_course_to_achieve_339b_capital_target_290509Bank of America has raised almost $26 billion in its capital plan since the stress test results were announced. The bank is well on its way to reach the $33.9 billion indicated Supervisory Capital Assessment Program (SCAP) buffer set by the Federal Reserve.2009-05-28T23:26:07.37-04:00http://www.banking-business-review.com/news/bofa_on_course_to_achieve_339b_capital_target_290509http://www.banking-business-review.com/news/mt_bank_acquires_provident_bankshares_corp_280509Buffalo-based M&T Bank Corporation announced that it has completed the acquisition of Provident Bankshares Corporation and the merger of Provident's banking subsidiary, Provident Bank into M&T Bank - M&T's principal banking subsidiary.2009-05-28T00:12:56.395-04:00http://www.banking-business-review.com/news/mt_bank_acquires_provident_bankshares_corp_280509http://www.banking-business-review.com/news/banco_santander_agrees_to_pay_235m_to_madoffs_victims_280509Spain’s Banco Santander, one of Europe’s biggest banks and also among the biggest losers in the Bernard Madoff swindle, has agreed to pay $235 million to resolve potential legal claims by the trustee seeking to recover money for Bernard Madoff’s victims. 2009-05-28T00:00:33.284-04:00http://www.banking-business-review.com/news/banco_santander_agrees_to_pay_235m_to_madoffs_victims_280509http://www.banking-business-review.com/news/jp_morgan_stands_to_reap_a_windfall_of_29b_270509Federal Deposit Insurance Corp. would not have imagined last year that J.P. Morgan Chase (JPM) will make a windfall from the purchase of troubled Washington Mutual Inc (WaMu). However, thanks to a new accounting rule, JPM is set to reap $29 billion in income on the same toxic sub-prime mortgages that threatened to topple WaMu.2009-05-27T23:55:16.024-04:00http://www.banking-business-review.com/news/jp_morgan_stands_to_reap_a_windfall_of_29b_270509http://www.banking-business-review.com/news/deutsche_bank_issues_1b_pfandbrief_260509Highlighting the problems banks are facing in getting finance, Germany's Deutsche Bank has decided to sell €1 billion Pfandbrief, a mostly triple-A rated German bank debenture with 5 to 7 years maturity period. Pfandbrief bonds, which are covered by loans to public authorities, commercial or residential mortgages are considered as secure.2009-05-26T08:14:02.353-04:00http://www.banking-business-review.com/news/deutsche_bank_issues_1b_pfandbrief_260509http://www.banking-business-review.com/news/abn_amro_witnesses_q1_loss_of_886m_260509Dutch banking giant ABN AMRO Group has recorded a loss after EBIDTA of €886 million for the first quarter of 2009. A loss after tax of €889 million from continuing operations was compensated by a gain after tax on discontinued operations of €3 million.2009-05-26T08:24:47.497-04:00http://www.banking-business-review.com/news/abn_amro_witnesses_q1_loss_of_886m_260509http://www.banking-business-review.com/news/raymond_james_financial_acquires_lane_berry_international_260509Florida-based Raymond James Financial has acquired Lane Berry & Co. International, a middle market investment banking and advisory firm that has offices in Boston and Denver.2009-05-26T08:39:44.808-04:00http://www.banking-business-review.com/news/raymond_james_financial_acquires_lane_berry_international_260509http://www.banking-business-review.com/news/punjab_national_bank_starts_investment_consultancy_unit_260509The Punjab National Bank (PNB) has revealed that its newly created subsidiary firm, intended to provide investment consultancy and merchant banking services, will be operational soon, even when the company is planning to merge its primary dealership arm "PNB Gilts" with itself. 2009-05-26T09:11:26.365-04:00http://www.banking-business-review.com/news/punjab_national_bank_starts_investment_consultancy_unit_260509http://www.banking-business-review.com/news/canadian_banking_majors_bucking_trend_260509At a time when most of banks across the globe are finding themselves in red, Canadian banks are defying the global trend and are set to post profits this quarter. Canada's six largest lenders Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, Canadian Imperial Bank of Commerce, and National Bank of Canada have all staged a dramatic revival and witnessed more than 50% growth.2009-05-26T04:51:59.33-04:00http://www.banking-business-review.com/news/canadian_banking_majors_bucking_trend_260509http://www.banking-business-review.com/news/anz_expands_network_in_vietnam_260509ANZ Bank is continuing the expansion of its banking network in Vietnam by opening a new Transaction Centre in Hanoi and a branch outlet in Ho Chi Minh City. Additionally, it plans to launch six new transaction offices in June.2009-05-26T03:59:17.438-04:00http://www.banking-business-review.com/news/anz_expands_network_in_vietnam_260509http://www.banking-business-review.com/news/nbad_initiates_abu_dhabi_national_islamic_finance_260509The National Bank of Abu Dhabi (NBAD) has launched Abu Dhabi National Islamic Finance (ADNIF), its Islamic finance and banking arm, as a part of its strategy to meet the growing customer demand.2009-05-26T03:47:57.716-04:00http://www.banking-business-review.com/news/nbad_initiates_abu_dhabi_national_islamic_finance_260509http://www.banking-business-review.com/news/tdbfg_acquires_canada_loan_unit_from_abn_amro_260509TD Bank Financial Group (TDBFG) has signed an agreement to acquire the Asset Based Lending (ABL) business of ABN AMRO Bank NV Canada Branch (ABN), for an undisclosed amount. The business will operate as TD Asset Finance once the deal closes, and will complement TDBFG's commercial banking business as well as its asset-based lending business in the US.2009-05-26T03:35:59.324-04:00http://www.banking-business-review.com/news/tdbfg_acquires_canada_loan_unit_from_abn_amro_260509http://www.banking-business-review.com/news/icbc_launches_65_new_projects_with_standard_bank_250509The Industrial and Commercial Bank of China (ICBC) has launched 65 cooperative projects with South Africa-based Standard Bank, out of which 9 already completed, Xinhua News Agencies reported.2009-05-25T10:28:57.725-04:00http://www.banking-business-review.com/news/icbc_launches_65_new_projects_with_standard_bank_250509http://www.banking-business-review.com/news/total_bank_failures_raise_to_36_in_2009_250509Illinois-based Citizens National Bank and Strategic Capital Bank, with combined assets of almost $1 billion, were closed by the Office of the Comptroller of the Currency, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC signed a purchase and assumption agreement with Morton Community Bank, Morton and Midland States Bank, respectively to assume all of the deposits of the two banks, excluding those from brokers. 2009-05-25T10:16:45.426-04:00http://www.banking-business-review.com/news/total_bank_failures_raise_to_36_in_2009_250509http://www.banking-business-review.com/news/bank_of_ikeda_senshu_bank_sign_merger_pact_with_btmu_250509The Bank of Ikeda and Senshu Bank, a subsidiary of Bank of Tokyo-Mitsubishi UFJ (BTMU) have signed an agreement to integrate their businesses with BTMU. The new integrated company will be an equity method affiliate of BTMU.2009-05-25T09:56:54.871-04:00http://www.banking-business-review.com/news/bank_of_ikeda_senshu_bank_sign_merger_pact_with_btmu_250509http://www.banking-business-review.com/news/barclays_eying_european_ma_pie_250509Barclays, in its quest to be among the top three global securities firms, is planning to hire 30 to 40 bankers across Italy, Germany and France, and 15 to 25 in the UK. As a part of this strategy, the bank has selected Matthew Ponsonby and Mark Warham as co-heads of its European M&A for its investment-banking division, Barclays Capital.2009-05-25T05:43:53.084-04:00http://www.banking-business-review.com/news/barclays_eying_european_ma_pie_250509http://www.banking-business-review.com/news/us_pension_fund_to_end_relationship_with_ubs_250509The Arkansas Public Employees Retirement System is going to end its relationship with the Swiss banking giant, UBS, over a judicial probe following the decision of Internal Revenue Service (IRS).2009-05-25T05:14:37.43-04:00http://www.banking-business-review.com/news/us_pension_fund_to_end_relationship_with_ubs_250509http://www.banking-business-review.com/news/lloyds_may_sell_hbos_assets_250509Lloyds Banking Group, which was formed by Lloyds TSB's government-driven rescue takeover of Halifax Bank of Scotland (HBOS), is planning to sell off large chunks of stakes in about 60 companies. The company has already received interest in the portfolio, which can be sold off individually or in clusters.2009-05-25T04:23:33.145-04:00http://www.banking-business-review.com/news/lloyds_may_sell_hbos_assets_250509http://www.banking-business-review.com/news/hsbc_holdings_acquires_bank_ekonomi_220509The Hongkong and Shanghai Banking Corporation Limited (HSBC)has completed the acquisition of 88.89% of PT Bank Ekonomi Raharja Tbk (Bank Ekonomi) for $607.5 million in cash. The transaction took place through its subsidiary HSBC Asia Pacific Holdings (UK). 2009-05-22T10:33:34.743-04:00http://www.banking-business-review.com/news/hsbc_holdings_acquires_bank_ekonomi_220509http://www.banking-business-review.com/news/national_bank_of_abu_dhabi_allowed_to_operate_in_hong_kong_220509Hong Kong Monetary Authority (HKMA) has approved National Bank of Abu Dhabi (NBAD) to launch full-fledged operations in Hong Kong. The bank is expected to open its branch during the second half of 2009.2009-05-22T10:20:21.618-04:00http://www.banking-business-review.com/news/national_bank_of_abu_dhabi_allowed_to_operate_in_hong_kong_220509http://www.banking-business-review.com/news/eight_viet_nam_banks_signs_financing_agreements_with_adb_220509In order to boost trade, eight Vietnamese banks has signed financing agreements with the Asian Development Bank (ADB), as a part of ADB’s $1 billion Trade Finance Facilitation Program (TFFP). The program is expected to garner up to $15 billion in trade support in Asia by the end of 2013.2009-05-22T09:54:33.632-04:00http://www.banking-business-review.com/news/eight_viet_nam_banks_signs_financing_agreements_with_adb_220509http://www.banking-business-review.com/news/consortium_of_private_equity_investors_acquire_bankunited_220509BankUnited, Florida's largest bank, has been acquired by a consortium of private equity firms led by John Kanas, the former Chairman and CEO of North Fork Bancorporation. Experts view it as one of the largest bank failures to occur this year. 2009-05-22T09:37:01.361-04:00http://www.banking-business-review.com/news/consortium_of_private_equity_investors_acquire_bankunited_220509http://www.banking-business-review.com/news/cnb_financial_revises_merger_agreement_with_berkshire_hills_bancorp_220509Berkshire Hills Bancorp and CNB Financial announced that they have revised their merger agreement that will help the former to acquire CNB and its subsidiary, Commonwealth National Bank. According to the revised terms of the merger agreement, the stockholders of CNB will receive 0.4292 shares of Berkshire common stock for each share. 2009-05-22T08:08:49.126-04:00http://www.banking-business-review.com/news/cnb_financial_revises_merger_agreement_with_berkshire_hills_bancorp_220509http://www.banking-business-review.com/news/investors_bancorp_to_acquire_six_banco_popular_branches_250m_in_deposits_220509Investors Savings Bank, a wholly-owned subsidiary of Investors Bancorp, has signed a purchase and assumption agreement with Banco Popular North America to takeover $250 million of deposits and its six New Jersey branch offices for a deposit premium of 1%.2009-05-22T06:28:51.991-04:00http://www.banking-business-review.com/news/investors_bancorp_to_acquire_six_banco_popular_branches_250m_in_deposits_220509http://www.banking-business-review.com/news/acquisition_bids_for_bankunited_210509TD Bank Financial, a unit of Toronto-Dominion Bank and a group of private-equity firms, including Carlyle Group and Blackstone Group, along with billionaire investor Wilbur Ross have submitted bids for BankUnited Financial, a report says. 2009-05-21T11:36:17.111-04:00http://www.banking-business-review.com/news/acquisition_bids_for_bankunited_210509http://www.banking-business-review.com/news/bank_of_england_to_expand_stimulus_plan_210509The Bank of England's Monetary Policy Committee has agreed to expand its stimulus policy in order to boost the country’s economy. The bank has announced that it would increase its spending by £50 billion to £125 billion.2009-05-21T02:33:24.375-04:00http://www.banking-business-review.com/news/bank_of_england_to_expand_stimulus_plan_210509http://www.banking-business-review.com/news/huntington_announces_675m_capital_actions_210509Ohio-based Huntington Bancshares, a $52 billion bank holding company, has announced additional capital actions that are expected to add approximately $675 million in regulatory common equity. 2009-05-21T03:00:01.963-04:00http://www.banking-business-review.com/news/huntington_announces_675m_capital_actions_210509http://www.banking-business-review.com/news/privatebancorp_raises_217m_in_new_capital_200509PrivateBancorp has raised $217 million in new capital following the closure of the previously announced underwritten public offerings of newly issued common stock.2009-05-20T09:30:17.517-04:00http://www.banking-business-review.com/news/privatebancorp_raises_217m_in_new_capital_200509http://www.banking-business-review.com/news/scbt_returns_cpp_funds_to_treasury_210509SCBT Financial Corporation has become the first bank in the Carolinas, and one of the first twenty banks in the US to return the Capital Purchase Program (CPP) funds to the US Deparment of Treasury.2009-05-21T03:35:27.863-04:00http://www.banking-business-review.com/news/scbt_returns_cpp_funds_to_treasury_210509http://www.banking-business-review.com/news/lloyds_starts_first_time_buyer_mortgage_210509Lloyds TSB has launched a 95% loan-to-value (LTV) mortgage for first-time home buyers with a rate of 4.39% fixed for three years, and a fee of £995. This is almost £100 a month less than the industry’s average of 90% mortgage rate of 5.98%. 2009-05-21T04:46:50.873-04:00http://www.banking-business-review.com/news/lloyds_starts_first_time_buyer_mortgage_210509http://www.banking-business-review.com/news/fifth_third_bancorp_chalks_out_capital_actions_of_750m_210509Washington-based Fifth Third Bancorp (FITB) announced two major capital transactions, which together are intended to more than meet its commitment towards increasing its Tier 1 common equity.2009-05-21T06:12:48.302-04:00http://www.banking-business-review.com/news/fifth_third_bancorp_chalks_out_capital_actions_of_750m_210509http://payments.banking-business-review.com/news/moneygram_to_provide_cash_payment_services_to_we_energiess_customers_180509MoneyGram International, a provider of global payment services, has announced an agreement with We Energies, the trade name of Wisconsin Electric Power Company, to enable its customers to make in-person cash payments at any of MoneyGram's agent locations in the US.2009-05-18T07:45:25.623-04:00http://payments.banking-business-review.com/news/moneygram_to_provide_cash_payment_services_to_we_energiess_customers_180509http://ecnsexchanges.banking-business-review.com/news/bank_of_new_york_mellon_launches_custody_and_trade_settlement_platform_180509The Bank of New York Mellon has launched a new universal custody and trade settlement platform, Global Environmental Markets, for carbon credits, to help customers manage credits through a single web-based interface.2009-05-18T07:15:13.794-04:00http://ecnsexchanges.banking-business-review.com/news/bank_of_new_york_mellon_launches_custody_and_trade_settlement_platform_180509http://retailbanking.banking-business-review.com/news/ing_reports_q1_net_loss_150509Insurance business lines impacted by falling asset prices, net loss E824m2009-05-15T03:28:57.537-04:00http://retailbanking.banking-business-review.com/news/ing_reports_q1_net_loss_150509http://assetmanagement.banking-business-review.com/news/deutsche_bank_to_acquire_dresdner_banks_agency_securities_lending_business_150509The sale is a part of Commerzbank's strategy to focus on its core markets and activities2009-05-15T02:44:41.371-04:00http://assetmanagement.banking-business-review.com/news/deutsche_bank_to_acquire_dresdner_banks_agency_securities_lending_business_150509http://bankingsoftwaretechnology.banking-business-review.com/news/sungard_launches_investran_crm_service_150509It enables users with timely access to investor, investment and fund information2009-05-15T00:22:52.667-04:00http://bankingsoftwaretechnology.banking-business-review.com/news/sungard_launches_investran_crm_service_150509http://www.banking-business-review.com/news/the_bank_of_new_york_mellon_announces_12_billion_common_stock_offering_150509Goldman Sachs and Morgan Stanley will serve as joint bookrunning managers for the offering 2009-05-14T23:42:31.291-04:00http://www.banking-business-review.com/news/the_bank_of_new_york_mellon_announces_12_billion_common_stock_offering_150509http://www.banking-business-review.com/news/national_bank_financial_group_adds_new_benefits_to_platinum_mastercard_150509Cardholders to get extended car rental insurance2009-05-14T23:23:00.477-04:00http://www.banking-business-review.com/news/national_bank_financial_group_adds_new_benefits_to_platinum_mastercard_150509http://www.banking-business-review.com/news/santa_clara_valley_bank_reports_net_loss_in_q1_150509In Q1 of 2009, company witnessed $1.87m revenue, a 5.9% decrease 2009-05-14T21:59:55.137-04:00http://www.banking-business-review.com/news/santa_clara_valley_bank_reports_net_loss_in_q1_150509http://bankingsoftwaretechnology.banking-business-review.com/news/hsbc_division_implements_brilliances_credit_portfolio_management_platform_140509Web-based interface to enable managers with credit analytics 2009-05-14T08:46:03.13-04:00http://bankingsoftwaretechnology.banking-business-review.com/news/hsbc_division_implements_brilliances_credit_portfolio_management_platform_140509http://www.banking-business-review.com/news/barclays_announces_half_price_home_contents_cover_140509Cutting the cost of home insurance!2009-05-14T09:30:02.359-04:00http://www.banking-business-review.com/news/barclays_announces_half_price_home_contents_cover_140509http://bankingsoftwaretechnology.banking-business-review.com/news/deutsche_bank_and_logica_partner_for_outsourced_service_140509SEPA Connector will enable debtor banks to view SDD transactions, manage rejects and returns2009-05-14T11:05:56.009-04:00http://bankingsoftwaretechnology.banking-business-review.com/news/deutsche_bank_and_logica_partner_for_outsourced_service_140509#error - Each ADR will represent one Intercell AG ordinary share 2009-05-14T12:03:31.561-04:00#error - http://retailbanking.banking-business-review.com/news/premierwest_bancorp_reports_net_loss_in_q1_140509Under CPP, company plans to roll out new loan programs to accelerate lending activities 2009-05-14T11:39:37.676-04:00http://retailbanking.banking-business-review.com/news/premierwest_bancorp_reports_net_loss_in_q1_140509http://retailbanking.banking-business-review.com/news/mercantile_bancorp_q1_loss_narrows_140509Total noninterest expense increased 3.1% to $12.46m in Q1 of 2009 compared with $12.09m the prior year2009-05-14T10:22:55.856-04:00http://retailbanking.banking-business-review.com/news/mercantile_bancorp_q1_loss_narrows_140509http://retailbanking.banking-business-review.com/news/banco_macro_q1_net_income_increases_140509Q1 of 2009 witnessed total deposits an increase of 9%2009-05-14T10:03:28.995-04:00http://retailbanking.banking-business-review.com/news/banco_macro_q1_net_income_increases_140509http://www.banking-business-review.com/news/united_western_bancorp_q1_net_income_decreases_140509Net interest margin declined 40 basis points to 3.48% in Q1 of 2009 2009-05-14T09:05:17.163-04:00http://www.banking-business-review.com/news/united_western_bancorp_q1_net_income_decreases_140509http://www.banking-business-review.com/news/barclays_introduces_new_three_year_savings_bond_130509Go for it, if you want to get the best rate without tying up money for five years2009-05-13T10:33:30.809-04:00http://www.banking-business-review.com/news/barclays_introduces_new_three_year_savings_bond_130509http://www.banking-business-review.com/news/tinker_federal_credit_union_signs_agreement_with_orcc_130509Integration is expected to eliminate re-keying of data, reducing errors and increasing completion rates2009-05-13T10:51:49.081-04:00http://www.banking-business-review.com/news/tinker_federal_credit_union_signs_agreement_with_orcc_130509http://www.banking-business-review.com/news/capital_one_financial_prices_common_share_offering_at_2775_per_share_130509Net proceeds of the offering are expected to be used for general corporate purposes 2009-05-13T11:52:51.256-04:00http://www.banking-business-review.com/news/capital_one_financial_prices_common_share_offering_at_2775_per_share_130509http://bankingsoftwaretechnology.banking-business-review.com/news/first_state_bank_central_texas_leverages_goldleafs_rde_130509Remote deposit capture service enables bank to grow deposit base2009-05-13T12:13:13.725-04:00http://bankingsoftwaretechnology.banking-business-review.com/news/first_state_bank_central_texas_leverages_goldleafs_rde_130509http://riskmanagemnet.banking-business-review.com/news/ambac_financial_group_q1_net_loss_narrows_130509Net positive change in fair value of credit derivatives amounted to $1,545.9m2009-05-13T10:16:08.735-04:00http://riskmanagemnet.banking-business-review.com/news/ambac_financial_group_q1_net_loss_narrows_130509http://www.banking-business-review.com/news/pvf_capital_reports_loss_in_q3_130509Decrease in net interest income resulted from increases to non-performing loans2009-05-13T11:11:44.694-04:00http://www.banking-business-review.com/news/pvf_capital_reports_loss_in_q3_130509http://retailbanking.banking-business-review.com/news/national_financial_partners_reports_net_loss_in_q1_130509Operating expenses declined 8.3% in Q1 of 2009 compared with the prior year period due to expense reduction initiatives and dispositions partially offset by expenses from new firms2009-05-13T11:33:37.239-04:00http://retailbanking.banking-business-review.com/news/national_financial_partners_reports_net_loss_in_q1_130509http://retailbanking.banking-business-review.com/news/mashreqbank_q1_net_income_increases_130509Operating income up 16.4% from last year to reach AED1.22 billion2009-05-13T12:39:20.669-04:00http://retailbanking.banking-business-review.com/news/mashreqbank_q1_net_income_increases_130509http://cards.banking-business-review.com/news/fsv_payment_systems_offers_payroll_card_reloading_110509Now, add cash to payroll cards at any Western Union Agent locations nationwide2009-05-11T10:19:34.414-04:00http://cards.banking-business-review.com/news/fsv_payment_systems_offers_payroll_card_reloading_110509http://bankingsoftwaretechnology.banking-business-review.com/news/longtop_to_upgrade_ecif_system_for_joint_stock_bank_110509Data integrity can be ensured by centralizing customer information in ECIF2009-05-11T09:29:28.882-04:00http://bankingsoftwaretechnology.banking-business-review.com/news/longtop_to_upgrade_ecif_system_for_joint_stock_bank_110509