Visa and M&I Bank renew partnership

Macquarie Bank cuts 100 investment banker and adviser jobs

Australia-based financial services firm Macquarie Bank has eliminated nearly 100 investment bankers and advisers, from its offices in Sydney, Melbourne and Brisbane, according to The Australian.

Nomura to cut 1,000 jobs in London

Japanese securities firm Nomura plans to cut nearly 1,000 jobs or nearly 20% of its staff in London, three months after acquiring parts of the collapsed American investment bank Lehman Brothers.

Capital One Financial to acquire Chevy Chase Bank

Capital One Financial and Chevy Chase Bank have announced a definitive agreement under which Capital One will acquire Chevy Chase in a cash and stock transaction valued at approximately $520 million. Both the banks are based in the US.

National Bank Financial reports Q4 net income

Canada-based National Bank Financial Group has reported a net income of $70 million, or diluted earnings per share of $0.37, in the fourth quarter of 2008, compared to a net loss of $175 million, or diluted earnings per share of $1.14, in the same period of 2007.

Wells Fargo Home Mortgage in consulting agreement with Lender Processing

Wells Fargo Home Mortgage has entered into a multi-year consulting agreement with Lender Processing Services, a provider of integrated technology and services to the mortgage industry.

Orange partners with BNP Paribas to launch Orange Money in Ivory Coast

Orange, a brand of France Telecom, in partnership with BNP Paribas, has launched Orange Money in Ivory Coast, reportedly the first mobile phone-based payment and money transfer service in western Africa.

Credit Suisse to cut 5,300 jobs

Credit Suisse has announced that the cost efficiency initiatives that will be implemented across all divisions throughout the bank will result in a headcount reduction of 5,300, an 11% reduction of its workforce.

Carnegie Investment Bank transfers property operations

Sweden-based Carnegie Investment Bank has announced that as part of its work on focusing on core operations within the four business areas, it will transfer responsibility for its property operations.

Scotiabank starts representative office in Istanbul

Canada-based Scotiabank has announced the opening of its new representative office in Istanbul, Turkey.

Norwich and Peterborough Building Society increases bond rates

Norwich and Peterborough Building Society has increased the rates on its six- and 12-month fixed rate bonds and launched a new nine-month bond.

WisdomTree introduces LargeCap Growth Fund

WisdomTree, an exchange traded fund sponsor and index developer, has announced the launch of the WisdomTree LargeCap Growth Fund (ROI) on the NYSE Arca with an expense ratio of 0.38%.

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