Credit Agricole and Banco Popolare have signed an agreement for a joint venture between their specialized consumer credit subsidiaries, Agos and Ducato.
HSBC and Lone Star have agreed to extend, until July 31, 2008, the deadline for completion of HSBC's proposed acquisition of 51.02% of Korea Exchange Bank, subject to regulatory approval.
The British Bankers' Association of UK has said that the new proposals announced by the Financial Services Authority for providing financial advice could prove costly for customers.
JPMorgan Chase has reported that its 2008 first-quarter net income was $2.4 billion compared with a net income of $4.8 billion in the same quarter of 2007.
The Building Societies Association, a trade organization of the building societies in the UK, has reported a savings inflow of GBP1.26 billion for March 2008, representing an increase of 70% as against the inflows of GBP0.7 billion in March 2007.
Infinex Financial Group has announced a definitive agreement under which Infinex will acquire BI Investments and its parent company, Bankers Investments Group.
Wells Fargo Financial National Bank has launched its new Wells Fargo Health Advantage, a revolving credit card program to give consumers flexible payment options for select healthcare and veterinary services.
UK-based mortgage lender HBOS is likely to announce a rights issue to support depleting capital and raise GBP4 billion funding to see it through the global credit crunch-induced rough times that lie ahead.
Seeking to find a way out of its cash-strapped condition, the Royal Bank of Scotland is likely to sell its 50% Tesco Personal Finance stake to its joint venture partner, Tesco, in a deal which is estimated at GBP1 billion,
A research conducted by online payments provider PayPal, to observe couple's attitude to their finances has revealed that more than seven in 10 couples in the UK said that they keep separate bank accounts from their partner.
A research conducted by Life Trust Insurance has revealed that people across the UK are massively underestimating how long they will live, and they are leaving themselves vulnerable to financial hardship at a time when they are most in need.
Citi has commenced an offering of approximately $3 billion of common stock. The bank expects the offering to include an over-allotment option to purchase additional shares of common stock.
Temecula Valley Bank, the principal subsidiary of Temecula Valley Bancorp, has appointed Keith Goodman as senior vice president and business development officer of its SBA division.
In a move that is being described by experts as their response to funding shortage and an attempt to protect lenders from falling house prices, UK-based building society, Nationwide, and financial services provider, Abbey, have introduced new rules that are
Santander-owned financial services provider Abbey has seized 15.9% of the mortgage market in the first quarter of 2008, owing to the slumping market conditions and the weakening of its rivals, reported Reuters.
Peoples Bancorporation has reported total consolidated earnings of $613,000 for the first quarter ended March 31, 2008, a decrease of 52% from the $1.27 million reported for the same period of 2007.
