Latest Banking News
BNY Mellon acquires I(3) Advisors in Canada
BNY Mellon has completed the acquisition of I(3) Advisors, a Toronto-based independent wealth strategy company, marking the first wealth management take over in Canada.
Published: 02-Sep-2010
Scotiabank reports 14% rise in Q3 net income
Scotiabank has reported a net income of C$1.06bn for the third quarter of 2010, up 14% compared to C$931m for the same period last year.
Published: 01-Sep-2010
Citigroup to hire 7,500 new people in China
Citigroup is planning to hire nearly 7,500 new people in China over next three years.
Published: 01-Sep-2010
South Canterbury Finance collapses
New Zealand's South Canterbury Finance (SCF) has collapsed after it failed in its attempts to recapitalize.
Published: 31-Aug-2010
Hastings Building Society agrees to merge with SBS Bank
Members of the Hastings Building Society (HBS) have agreed in favor of the proposed merger with New Zealand-based customer-owned community bank SBS Bank.
Published: 31-Aug-2010
HSBC sells US auto loan business to Santander
HSBC has completed the sale of its remaining US consumer finance auto loan run-off portfolio to Santander Consumer USA (SC USA).
Published: 31-Aug-2010
ADIB expands branch network in Dubai
Abu Dhabi Islamic Bank (ADIB), a UAE-based Islamic financial services group, has opened a new branch at Al Warqa, Dubai, marking the 57th branch in the UAE.
Published: 30-Aug-2010
Group led by CEO to acquire Royal Asian Bank
An ownership group led by Royal Asian Bank president and CEO Edward Shin has entered into an agreement to acquire the bank from its parent Royal Bancshares of Pennsylvania.
Published: 27-Aug-2010
California United Bank to acquire California Oaks State Bank
California United Bank has entered into an agreement with California Oaks State Bank to acquire the latter for approximately $17.3m.
Published: 26-Aug-2010
Steele Financial terminates acquisition agreement with ETFS
Steele Financial (SFC) has terminated definitive agreement with East Texas Financial Services (ETFS) under which SFC was to have acquired ETFS, the parent of First Federal Bank Texas.
Published: 26-Aug-2010
