All posts by banking

CommBank app for Apple phones

Reported by | Updated: January 16, 2014

The Commonwealth Bank of Australia has released its latest CommBank app for iOS devices, following its launch on Android and Windows Phone platforms late last year. The new version of the app introduces a host of new features including a redesigned user interface and contactless NFC payments via an optional ‘PayTag’ sticker. The new CommBank […]

Deutsche Bank suspends its traders

Reported by | Updated: January 16, 2014

Deutsche Bank has suspended several currency traders for suspected attempts to rig rates, including some in New York. This comes amid investigations by the justice department, the Federal Reserve Board and other government agencies into whether the largest banks manipulated benchmark currency rates. Deutsche Bank signed a non-prosecution agreement in December 2010 with the U.S. […]

Woori Bank may acquire Indonesian lender

Reported by | Updated: January 16, 2014

South Korea’s Woori Bank has reported that the financial regulators have approved its proposed acquisition of 33% stake in Bank Saudara in Indonesia. PT Bank Woori Indonesia, a unit of Woori Bank, reportedly signed an agreement to purchase the stake, which equates to 764.4 million shares in PT Bank Himpunan Saudara in June 2012. In […]

Honor for CIBC

Reported by | Updated: January 16, 2014

Canada’s CIBC has been named one of the 50 Most Engaged Workplaces in Canada by Achievers, a U.S.-based company that specializes in employee rewards and recognition. This annual award recognizes the 50 top employers in Canada as well as 50 in the United States that demonstrate leadership and innovation through employee engagement in the workplace. […]

BNY Mellon wins award

Reported by | Updated: January 16, 2014

BNY Mellon, the global leader in investment management and investment services, has been named best trade outsourcing bank by Global Trade Review for the fifth consecutive year. Global Trade Review (GTR) is an international trade finance magazine, read by and featuring the market’s key banks, credit insurers, corporates, traders, law firms, brokers and consultants. The […]

Public sector banks against directive on insurance

Reported by | Updated: January 15, 2014

Public sector banks may reject the finance ministry’s directive to discontinue selling insurance policies of one insurance company exclusively but become insurance brokers selling policies of multiple insurers. The banks are planning to discuss the issue at their respective boards and evolve a consensus. The ministry had asked the banks to take up insurance broking […]

IDBI Bank launches kiosk banking in 3 villages

Reported by | Updated: January 15, 2014

IDBI Bank has launched kiosk banking solution as part of its efforts to promote financial inclusion. The solution will offer online web enabled biometric authentication banking services, which the bank feels, will help it to reach out to rural masses to bring them into main stream banking system more efficiently. Medha Joshi, CGM, Retail Banking […]

Blackstone, StanChart to fund Bangalore IT park

Reported by | Updated: January 15, 2014

Private equity firm Blackstone Group and Standard Chartered Bank will together extend Rs 1,150 crore to fund Embassy Office Parks in Bangalore to help the latter to buy 60% stake in Bangalore IT SEZ Vrindavan Tech Village. Blackstone will invest Rs 500 crore afresh in Embassy Office Parks, which it equally owns with developer Embassy […]

ANZ said to be eyeing StanChart

Reported by | Updated: January 15, 2014

It is possible that Australian bank ANZ Bank may attempt a buyout of Standard Chartered Bank. It is said to be part of a plan of ANZ CEO Mike Smith to make the bank a super-regional heavyweight. Many analysts feel ANZ, buoyed by a strong performance at home, is now in a good position to […]

Metlife, GBA in partnership to launch mentoring program

Reported by | Updated: January 15, 2014

MetLife Foundation and the Global Banking Alliance for Women (GBA), a global consortium of financial institutions committed to fostering wealth creation among women, are partnering to develop and launch a mentoring program across member banks of the Alliance with the long-term goal of building financial services and products for low-income women entrepreneurs globally. This grant […]

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