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Commercial Banking

Cardinal Bank appoints new assistant vice president By BBR Staff Writer
Cardinal Bank has elected Bernadette Walker as assistant vice president and compliance specialist to guide the bank’s efforts in the area of Bank Secrecy Act Compliance.
Banking Services > Commercial Banking > News
BNP Paribas Q1 net income up 9.6% By BBR Staff Writer
BNP Paribas has reported a net income of EUR2.86bn for the first quarter of 2012, up 9.6%, compared to EUR2.61bn for the same period in 2011.
Banking Services > Commercial Banking > News Renasant Bank forays into East Tennessee market By BBR Staff Writer
Renasant Bank, a wholly-owned subsidiary of Renasant Corporation has entered into the East Tennessee banking market, where the bank is gearing up to roll out its first branch.
Banking Services > Commercial Banking > News
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Flagstar Q1 net loss decreases
03 May 2012 | By BBR Staff Writer
Flagstar Bancorp, a savings and loan holding company, has registered $8.7m net loss applicable to common stockholders for the first quarter of 2012 versus net loss of $31.7m for the first quarter in 2011.
Banking Services > Commercial Banking > News
Societe Generale Q1 net income down by 21%
03 May 2012 | By BBR Staff Writer
Societe Generale has reported that its net income for the first quarter of 2012 declined by 21.4% to EUR732m compared to a net income of EUR916m during the corresponding quarter of 2011.
Banking Services > Commercial Banking > News
Admirals Bank opens New Bespoke Banking Center
03 May 2012 | By BBR Staff Writer
Admirals Bank has opened the Admirals Bank Bespoke Banking Center on Boylston Street in Boston's Copley Square in the US.
Banking Services > Commercial Banking > News
SEC charges UBS Puerto Rico, executives over investor defraud
02 May 2012 | By BBR Staff Writer
The US Securities and Exchange Commission has filed a lawsuit against UBS Financial Services of Puerto Rico and its two executives, vice chairman and former CEO Miguel Ferrer and its head of capital markets Carlos Ortiz, over defrauding fund customers.
Banking Services > Commercial Banking > News
Credit Suisse CIO to step down
30 April 2012 | By BBR Staff Writer
Credit Suisse's chief information officer (CIO) Karl Landert will step down from his current position on 30 April 2012.
Banking Services > Commercial Banking > News
China Development Bank annual 2011 net profit increases by 23%
27 April 2012 | By BBR Staff Writer
China Development Bank has reported a 23% rise in its net profit which stood at CNY45.6bn ($7.2bn) in 2011 compared to a net profit of CNY37.1bn ($5.8bn) year-over-year, backed by higher net interest income.
Banking Services > Commercial Banking > News
Woori Bank launches first Indian branch
25 April 2012 | By BBR Staff Writer
Korean based Woori Bank has forayed into Indian market through the launch of its first office in Chennai, with a strategy to strengthen its base in the growing Indian market.
Banking Services > Commercial Banking > News
Union Bank names new chief diversity executive
25 April 2012 | By BBR Staff Writer
Union Bank, a subsidiary of UnionBanCal Corporation has promoted executive vice president George Ramirez as the company's first chief diversity executive, who will enhance the diversity of the company's senior management and executive ranks.
Banking Services > Commercial Banking > News
Fifth Third Bancorp Q1 net income surges by 62%
23 April 2012 | By BBR Staff Writer
Fifth Third Bancorp has reported that its first quarter 2012 net income jumped by 62% to $430m, compared to the net income of $265m during the first quarter of last fiscal.
Banking Services > Commercial Banking > News
Credit Suisse makes senior private banking appointments
20 April 2012 | By BBR Staff Writer
Switzerland based Credit Suisse has appointed two senior women to its private banking research team in Asia-Pacific.
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