+ Saturday, 20th June 2009 +

Copyright: Copyright 2009, ...

Last Update: Sat Jun 20 03:56:56 2009

+ Northern Trust Introduces Two New Mutual Funds + Both these funds seek to generate higher yields than money market funds with less volatility than short duration bond ...

+ KB Financial To Raise $2b For Loans, Takeovers + The company seeks to increase its dominance by acquiring its ...

+ EBRD Issues Five-Year 3b Bond + EBRD has issued to finance its existing rouble loan portfolio and provide funding to support long-term rouble lending ...

+ Wolters Kluwer Financial Forms Indirect Lending Business Unit + The company wants to align all indirect lending compliance solutions to meet the needs of broader ...

+ Longtop To Upgrade CRM System For National Commercial Bank In China + Longtop will implement data-mining techniques and new analytical functions will be added including performance appraisal, unified view ...

+ Morgan Stanley, JPMorgan To Stop Issuing FDIC-Guaranteed Debt + The banks are confident that they are capable of operating more ...

+ Credit Suisse Appoints New Co-Head Of Financial Institutions Greater China Coverage + He has experience in many high profile restructurings, capital raisings and cross-border M&As in the Chinese financial ...

+ Westpac New Zealand Adopts ACI Proactive Risk Manager To Detect Banking Frauds + ACI solution helps in fraud detection and helps customers against the rapidly rising volume of fraudulent activities occurring ...

+ Citizens Financial Launches Gateway Portal Powered By MasterCard + The enterprise-wide commercial payment processing platform can reduce costs and increases ...

+ Beverly National Corp To Merge With Danvers Bancorp + The transaction is valued at approximately $23.04 per share or $61.95 million in the ...

+ Lincoln Financial To Sell UK Subsidiary + Estimated proceeds of around $300 million from the transaction is expected to be used primarily for general corporate ...

+ Caldwell Investment To Acquire 5% Stake in NSE + The value is slightly ahead of Norwest Venture Partners deal struck early this month to buy 2.11% stake of NSE for INR250 ...

+ Five Firms In Fray For Citigroup’ Nikko Unit Bidding + Citigroup wants to sell its Japanese Asset Management Unit as part of its efforts to rebuild the ...

+ Hanmi Financial Signs Definitive Agreement With Korean Investor + The Korean investor has committed to invest up to $11 million of common equity capital into HFC, which is the maximum allowed without ...

+ DB Securities Names Jeff Knupp As Director Of Global Prime Finance Sales Group + Mr. Knupp joins the Bank from Morgan Stanley, where he was an Executive Director responsible for Midwest Prime Brokerage ...

+ Barclaycard Extends Contactless-enabled Cards To Other Cardholders + Contactless credit cards allow secure payment for goods and services costing £10 and under, without the need to enter a PIN or ...

+ Canada’ EnStream Launches New Mobile Payment Service, Zoompass + The service offers customers with a new way to transfer money instantly using a mobile ...

+ CBA Sets Sight On Lloyds’ Fund Management Arm + Since the global financial crisis is at its peak, CBA is using the opportunity of diminish valuations to buy the assets of battered ...

+ Morgan Stanley, Citi Joint Venture Hits Gridlock + Even though the joint venture began well ahead of its schedule, integrating information technology systems is going to take some ...

+ HSBC To Separate General Banking, Investment Service Areas + New segregated services, in support of HKMA recommended measures, will enhance investor ...

+ CRISIL Risk Solutions Sings Agreement With IDBI Bank For Advanced Basel-II + CRISIL Risk Solutions will also integrate various risk systems in IDBI Bank during the course of the ...

+ California Bank & Trust Completes Conversion Of Alliance Bank Branches + With the completion of this conversion, CB&T will have 93 branches with more than 6000 accounts within the state of California. ...

+ Barclays Receives $13.5b Binding Offer From BlackRock For BGI + The proposed transaction would offer exciting opportunities both for Barclays and ...

+ GE Real Estate Mandates BNP Paribas Securities To Provide Services In France + BNP Paribas Securities Services will provide depobank, custody, and registrar services in ...

+ JPMorgan Takes Over Highbridge, Founder To Leave + The banking major’s association with HCM has been one of the most successful in the hedge fund industry, as the latter’s assets ...

+ Bank of America CEO Defends Merrill Lynch Acquisition + Ken Lewis said that he was not strong-armed to close the deal and the investment bank losses were accelerated unexpectedly after the ...

+ Grupo Financiero Banorte Appoints Bank of New York Mellon As Depositary Bank + GFB seeks to utilise BNYM’s resources to develop a long and mutual beneficial ...

+ Northern Rock Investors Seek Payout At UK Appeals Court + Former shareholders of Northern Rock argue that the terms of the compensation order are ...

+ UKFI Plans To Sell RBS, Lloyds Stakes + Selling exchangeable bond is considered to be the most effective one for recovering government’s investment before the UK Financial ...

+ Citi To Convert $58b Preferred Shares, Adopts Poison Pill + The move will dilute the US governments stake in the bank to 34%, and thwart investors and hedge funds from holding sizable ...

+ SBI Awaits Government Approval For Merger Of Associate Banks + State Bank of India (SBI) is eying acquisitions of its associate banks by September this ...

+ 1st Century Bancshares Added To ABA NASDAQ Community Bank Index + NASDAQ CBI is one of the nation's most broadly representative stock indices for community ...

+ Wells Fargo Unwilling To Repay TARP Funds + Wells Fargo does not want to repay the TARP funds as it is concentrating on absorbing ...

+ HSBC Eying Big Pie In Russian Retail Market + The London-based bank aims to tap the relatively unaffected Russian ...

+ Sweden’s Central Bank Borrows €3b From ECB + Riksbank has borrowed from the ECB to ensure that it is well-prepared to continue safeguarding financial ...

+ Piper Jaffray Appoints David Wirdnam, Matt Traina As Managing Directors + The appointment of David Wirdnam and Matt Traina will complement its debt capital markets and financial restructuring ...

+ Wholesale Banking Bright Spot In Beleaguered Industry + The global financial crisis had little impact on wholesale banking so ...

+ Lloyds Banking Group Announces Organisational Changes In Retail Division + The Group is focussing on building mortgage and savings direct and intermediary ...

+ ISEEE Issues Reform Initiatives For Global Market Recovery + International Stock Exchange Executives Emeriti (ISEEE) has announced the release of reform initiatives for 11 actions to spur a ...

+ RBS Group Embraces Rapport Solution To Provide Online Security + With an aim to protect the finances of their online banking customers, RBS Group (RBSG) has embraced a new online security ...

+ SunTrust Inches Closer To Tier 1 Common Capital Target + SunTrust Banks has completed common stock offering and other initiatives that has brought the company very close to the Tier 1 common ...

+ Credit Card Delinquencies Rising In US + As cash strapped customers are using tax refunds to pay day-to-day expenses instead of paying down their credit-card balances,credit ...

+ FDIC For Top Management Shake Up At Citi + With the regulator’s increased involvement in Citi group, the Indian born CEO’s position appears to be at ...

+ BlackRock Emerges As Favourite For Barclays Asset Management Unit + BlackRock, a global publicly traded asset manager, has emerged as the frontrunner to purchase the asset management unit of Barclays ...

+ UBS Forms Strategic Alliance With Trucost + The alliance includes joint marketing through collaboration with UBS’ major SRI research team, as well as investor calls, ...

+ Nomura Gets Licence From QFC Regulatory Authority To Operate From Qatar + Qatar Financial Centre (QFC) Regulatory Authority has granted licence to Tokyo-based global investment bank Nomura, to provide ...

+ Bank of Lincolnwood Fails, Republic Bank of Chicago Assumes All Deposits + The Illinois Department of Financial and Professional Regulation (DFPR), Division of Banking has closed Illinois-based Bank of ...

+ FDIC Postpones Pilot Sale Of Failed Bank Assets + Unable to get US banks to sell their toxic loans, the Federal Deposit Insurance Corp (FDIC) has postponed its pilot sale of toxic bank ...

+ ICBC Makes Canadian Foray By Acquiring 70% Of Bank of East Asia's Canada Unit + In continuation to its overseas expansion plans, ICBC plans to purchase Bank of East Asia's Canadian ...

+ Citi Hires Morgan Stanley Banker To Govern Unit Sales + Citigroup has hired James von Moltke, a Morgan Stanley banker, to take charge of the sale of businesses the bank plans to ...