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Current RefinementsContent TypeNewsDate2006Remove all refinements DateJanuary (102)February (170)March (169)April (129)May (165)June (145)July (150)August (129)September (119)October (137)November (123)December (81)AuthorBBR Staff Writer (1477)CBR Staff Writer (134)FBR Staff Writer (8)
Search Results: News > 2006
1-15 of 1619 results
Up to 12 million UK consumers failed to save a penny in 2006, survey shows
By BBR Staff Writer
As many as one in three UK consumers failed to save a penny during 2006, with 42% of those that had saved admitting to delving into their savings during the course of the year, according to research from Alliance and Leicester.
News
Bank of Cyprus rejects Piraeus takeover bid
By BBR Staff Writer
The Bank of Cyprus' board of directors has rejected the proposed takeover bid from Greece's Piraeus Bank, claiming that the offer was too low and failed to take into account the company's strong profitability and significant growth prospects.
News
Erste Bank to take over Bank Prestige
By BBR Staff Writer
In a bid to accelerate its penetration into the Ukrainian banking market, Erste Bank has entered into an agreement whereby it will acquire 100% shares of Bank Prestige, as opposed to the 50.5% acquisition announced in July 2006, for a total purchase price of E79.4 million.
News
Intesa and Sanpaolo merger gains conditional approval
By BBR Staff Writer
Italian banking group Banca Intesa and Italian financial services provider Sanpaolo have received conditional approval for their intended merger from the Italian Competition Authority.
News
Scarborough introduces new click and save account
By BBR Staff Writer
UK-based Scarborough Building Society has launched a new click and save account that offers a competitive rate of 5.5% for annual interest on balances of GBP1,000 or more. In addition, customers will gain the benefit of easy access without notice or charge, the building society said.
News
BBVA unveils new structure for global growth
By BBR Staff Writer
BBVA's chairman and chief operating officer, Francisco Gonzalez and Jose Ignacio Goirigolzarri, have presented a reorganized management structure in line with the bank's current strategy to transform into a global services group.
News
European Commission launches investigation into sale of Bank Burgenland
By BBR Staff Writer
A formal investigation has been launched by the European Commission into the sale of Bank Burgenland to Grazer Wechselseitige Versicherung, to ensure that the tender was conducted in a non-discriminatory manner and that the sale did not involve incompatible state aid.
News
First Data renews long-standing relationships with Lloyds TSB and Advanta
By BBR Staff Writer
Electronic commerce and payment services provider First Data Corporation has renewed its processing agreement with Advanta Bank Corporation in the US, while, over in the UK, its First Data International division has renewed a major processing agreement with Lloyds TSB.
News
JPMorgan launches GBP130 million income and growth investment trust
By BBR Staff Writer
Global investment group JPMorgan has launched an income and growth investment trust holding approximately GBP130 million in gross assets, following a successful fund raising and reconstruction of its predecessor company, JPMF Income & Growth Investment Trust.
News
November lending soars to new high, finds UK's CML
By BBR Staff Writer
According to figures released by the UK Council of Mortgage Lenders, gross lending in November soared to an all-time high of GBP33.1 billion, 9% higher than October's GBP30.5 billion and 19% higher than the GBP27.7 billion for November 2005.
News
UK FSA imposes public censure on Eastern Western Motor Group
By BBR Staff Writer
The UK Financial Services Authority has imposed a public censure on Eastern Western Motor Group, a franchised car dealer specializing in the sale of new and used cars, for failures relating to its sale of payment protection insurance in connection with vehicle finance arrangements.
News
Park Group acts to protect savers' money
By FBR Staff Writer
UK Christmas saving club Park Group has said it will ring-fence savers' money to try and reassure its customers following the recent collapse of its rival Farepak.
News
Barclays to acquire Uganda's Nile Bank
By BBR Staff Writer
UK-based banking group Barclays Bank has entered into an agreement to acquire 100% of the share capital of Ugandan financial firm Nile Bank, strengthening its position in Africa.
News
Citigroup finalizes GDB majority stake purchase
By BBR Staff Writer
A Citigroup-led consortium has successfully completed the acquisition of a 85.6% stake in China's Guangdong Development Bank.
News
Leeds Building Society introduces new mortgages
By BBR Staff Writer
Leeds Building Society has launched additional mortgage products to complement its current line of products. These include longer-term fixed rate mortgages at 4.99% and a new three-year fixed rate online buy-to-let product at 5.29%.
News

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The economic slowdown has forced many banks to redirect their focus to retail banking and reinvent themselves as customer-centric organizations. But many institutions still use legacy infrastructures and processes that hinder necessary readjustments, in particular with regard to information exchange and customer communication. This white paper explains how these difficulties can be overcome, and how banks and financial institutions can reengineer core IT and business processes to support their business objectives. Download this free white paper from Kofax to find out more.... White Papers See more
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