Banking


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FSA launches reviews of RBS`s acquisition of ABN Amro

FSA launches reviews of RBS`s acquisition of ABN Amro

The Scottish bank said on Sunday that Britain’s financial regulator has launched a supervisory review of Royal Bank of Scotland’s takeover of ABN Amro. The review would look into the "whys and wherefores" of RBS’ battle with Barclays and... (Continue reading)

Bank of America Merrill Lynch arranges a staff in Canada unit

Bank of America Merrill Lynch arranges a staff in Canada unit

Today Bank of America Merrill Lynch declared the expansion of its Canada Corporate Banking business with two key hires in Toronto including the appointment of Christopher Impey as managing director and head of Canada Corporate Banking. Impey, who is... (Continue reading)

Royal Bank of Scotland tries to help SMEs in securing their finances

Royal Bank of Scotland tries to help SMEs in securing their finances

According to reports, Royal Bank of Scotland is conducting a press campaign aimed at small business customers, who are struggling to secure finance. As part of the Government`s Working Capital Scheme, the 70% state-owned bank agreed to make an extra £16... (Continue reading)

Sumitomo purchased 98.55% of Japanese Citigroup asset management stake

Sumitomo purchased 98.55% of Japanese Citigroup asset management stake

Thursday, Japan’s largest listed trust bank Sumitomo Trust & Banking Co revealed its intention to acquire a 98.55% stake in Citigroup Inc.’s Nikko Asset Management unit in Japan for ¥112.4 billion (equaled about $1.2 billion). The acquisition of asset... (Continue reading)

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Customers will get SMS notifications for every use of their Visa card

Customers will get SMS notifications for every use of their Visa card

As it became known Wednesday, Visa Europe is piloting a mobile phone-based notification service. The service notifies customers, sending customers a text message every time their card is being in use. Thus, card holders are to get an update... (Continue reading)

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