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Lloyds and RBS fire more workers
Written on 22 Jan, 2010 at 23:53 in Banking | viewed times | View Comments
Largest UK banks Lloyds and Royal Bank of Scotland reported their plans to lay off more staff this year. RBS announced that it is laying off 221 techies at its Dublin Technology Centre. The Dublin center is to shut... (Continue reading)
FDIC doubts positive conclusions about Citi’s management
Written on 9 Oct, 2009 at 9:06 in Banking | viewed times | View Comments
The US Federal Deposit Insurance Corp. officials were examining the positive conclusions given to Citigroup’s management team in a government-mandated review in impacts of the financial crisis. Management skill is one of the factors used by regulators to determine... (Continue reading)
BofA is selling a claim of about $800 against Lehman Brothers
Written on 9 Oct, 2009 at 9:04 in Banking | viewed times | View Comments
According to the Bloomberg Thursday reported, BofA is selling a claim with a face value of about $800 million that it holds against bankrupt Lehman Brothers. Hedge funds are also the likely buyers. Over 16,000 claims against Lehman... (Continue reading)
Intuit announces official launch of TurboTax for Online Banking
Written on 9 Oct, 2009 at 9:02 in Banking | viewed times | View Comments
Intuit has announced TurboTax for Online Banking, to help financial institutions bring more value to customers and increase deposits. TurboTax for Online Banking won a Best of Show award at Finovate 2009, a conference showcasing the best new innovations... (Continue reading)
Citi the first to launch mobile banking functionality in Spanish
Written on 9 Oct, 2009 at 9:00 in Banking | viewed times | View Comments
Citibank announced the launch of Citi Mobile en Espanol that allows customers with Spanish language preferences bank in this language from their smartphones. Customers can manage their accounts, pay bills, locate Citibank branches and more – all from the... (Continue reading)
Lloyds might not participate in the government’s asset protection program
Written on 9 Oct, 2009 at 8:58 in Banking | viewed times | View Comments
Lloyds Banking Group may struggle to escape participation in the government’s asset protection program, and even if it does, the result could be increased risk for shareholders, analysts said Thursday. Lloyds has said it’s looking at options to reduce... (Continue reading)
J.P. Morgan Chase leads private equity fund administration sector, survey found
Written on 8 Oct, 2009 at 0:20 in Banking | viewed times | View Comments
J.P. Morgan Chase was ranked as a top provider of private equity fund administration, according to a key industry survey by Global Custodian magazine. J.P. Morgan received best-in-class recognition across 54 service categories, securing more top ratings than any... (Continue reading)
BofA won’t increase interest rates before the CARD Act comes into effect
This week Christopher Dodd, chairman of the Senate Banking Committee, released the letter that stated Bank of America won’t lift rates or make any changes in terms on consumer credit card accounts before the reform legislation comes into effect... (Continue reading)
Merrill Lynch comes back to the stage with its brand and more workforce
Written on 6 Oct, 2009 at 0:54 in Banking | viewed times | View Comments
Bank of America Corp announced its plan to spend $20 million in the fourth quarter of 2009 to relaunch Merrill Lynch’s name and long-time bull logo. Now the former Merrill Lynch and & Co’s operations will be known under... (Continue reading)
BofA announces CashPro® Online banking service for corporates
Bank of America Merrill Lynch today announced the launch of its new CashPro® Online banking channel, which features intuitive technology that allows commercial and corporate clients to move beyond transactions to focus on their core businesses. The result of... (Continue reading)
Hot Topics in Banking
- Sumitomo purchased 98.55% of Japanese Citigroup asset management stake
(0.00 out of 5) - Royal Bank of Scotland tries to help SMEs in securing their finances (0.00 out of 5)
- Bank of America Merrill Lynch arranges a staff in Canada unit (0.00 out of 5)
- Bank of America refuses to cash cheque to disabled man (0.00 out of 5)
- JP Morgan expands its Treasury Services offerings in South Korea (0.00 out of 5)
- FSA launches reviews of RBS`s acquisition of ABN Amro (0.00 out of 5)
- ICBC deploys Swift P2P cross border payments service (0.00 out of 5)
- Malaysians can pay taxes online through Maybank (0.00 out of 5)
- Fed reports that banks will keep their standards for loans tight so far (0.00 out of 5)
- Malaysians can pay taxes online through Maybank (0.00 out of 5)
- Sumitomo purchased 98.55% of Japanese Citigroup asset management stake - 0 votes
- Royal Bank of Scotland tries to help SMEs in securing their finances - 0 votes
- Bank of America Merrill Lynch arranges a staff in Canada unit - 0 votes
- Bank of America refuses to cash cheque to disabled man - 0 votes
- JP Morgan expands its Treasury Services offerings in South Korea - 0 votes
- FSA launches reviews of RBS`s acquisition of ABN Amro - 0 votes
- ICBC deploys Swift P2P cross border payments service - 0 votes
- Malaysians can pay taxes online through Maybank - 0 votes
- Fed reports that banks will keep their standards for loans tight so far - 0 votes
- Malaysians can pay taxes online through Maybank - 0 votes