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Commercial Banking News

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76-90 of 2672 results
Wells Fargo acquires GE Capital’s North American commercial distribution finance and vendor finance businesses
Wells Fargo & Company has completed the purchase of the North American portions of GE Capital’s Commercial Distribution Finance and Vendor Finance businesses as well as a portion of its Corporate Finance business, totaling $27.4bn of assets, including approximately $24bn of loans.
Banking Services > Commercial Banking > News
Citi to divest 20% interest in China Guangfa Bank for $3bn
By BBR Staff Writer
Citigroup has agreed to sell its 20% equity stake in China Guangfa Bank (CGB) to China Life Insurance for $3bn.
Banking Services > Commercial Banking > News
BMO Financial Group reports net income of $1.1bn for Q1
For the first quarter ended January 31, 2016, BMO Financial Group has reported net income of $1,068 million or $1.58 per share on a reported basis and net income of $1,178 million or $1.75 per share on an adjusted basis.
Banking Services > Commercial Banking > News
Standard Chartered posts first annual loss in 26 years
By BBR Staff Writer
UK multinational banking and financial services firm Standard Chartered has reported its first annual loss since 1989 due to poor performance in 2015.
Banking Services > Commercial Banking > News
Barclays doubles cashback for Blue Rewards customers
Barclays has announced that it will double the cashback Blue Rewards customers can earn when they use its cashback service, SmartSpend, to shop with any of its 100+ current retail partners such as GAP and Boots throughout the rest of February.
Banking Services > Commercial Banking > News
Commercial International Bank of Egypt agrees to sell CI Capital
By BBR Staff Writer
Commercial International Bank (Egypt) has agreed to sell its investment banking unit CI Capital Holding to Orascom Telecom and Media Technology (OTMT) Holding for EGP924m ($118m).
Banking Services > Commercial Banking > News
HSBC to remain headquartered in UK
By BBR Staff Writer
HSBC has decided to keep its headquarters in London, the UK, upon completion of a 10-month review to determine the best location for its headquarters.
Banking Services > Commercial Banking > News
Raiffeisen and Vontobel to continue collaboration in certain areas beyond end of cooperation agreement
Raiffeisen and Vontobel are to continue to work together beyond the expiry of the current cooperation agreement in June 2017. Vontobel will remain a partner of Raiffeisen and its subsidiaries in certain areas of asset management and the securities business.
Banking Services > Commercial Banking > News
Bordier & Cie launches the ideas lab, Bordier FinLab
In a market undergoing profound change, the bank Bordier & Cie continues to strengthen its expertise in innovation and new investment solutions, by creating Bordier FinLab.
Banking Services > Commercial Banking > News
New York Governor calls for halt of KeyCorp’s $4.1bn acquisition of First Niagara
By BBR Staff Writer
New York Governor Andrew M. Cuomo is calling the federal officials to block KeyCorp’s proposed acquisition of First Niagara Financial over anti-trust concerns.
Banking Services > Commercial Banking > News
Lloyds Banking to axe 1,585 jobs, shut down 29 branches
Lloyds Banking is reportedly planning to cut more than 1,585 jobs and shut down 29 branches, as part of its previously announced strategy to generate £1bn a year in savings by 2017.
Banking Services > Commercial Banking > News
RBS scraps plans to sell Indian onshore banking assets
By BBR Staff Writer
Royal Bank of Scotland (RBS) has reportedly canceled plans to divest its Indian onshore banking assets as it thought selling the entire division may cause problems over a long period of time.
Banking Services > Commercial Banking > News
SunTrust launches FinTech-focused commercial banking specialty
SunTrust Banks has launched a new Payments & Technology Industry Specialty in Commercial and Business Banking.
Banking Services > Commercial Banking > News
Scotiabank acquires Citi's retail and commercial banking operations in Panama and Costa Rica
By BBR Staff Writer
Scotiabank has acquired Citigroup's consumer and commercial banking operations in Costa Rica and Panama for $360m.
Banking Services > Commercial Banking > News
PBB Bancorp and First Mountain Bank merger complete
By BBR Staff Writer
PBB Bancorp, the parent company of Premier Business Bank, announced today the successful merger with First Mountain Bank. PBB Bancorp first entered into a definitive merger agreement with First Mountain Bank on June 22, 2015.
Banking Services > Commercial Banking > News
76-90 of 2672 results