793 articles tagged with this keyword
News/Branch banking
Lloyds TSB says it expects to reap £1.5 billion in annual savings from consolidation of technology, branch closures and job cuts as part of its mega merger with distressed high street rival HBOS.
03 November 2008
HSBC Bank USA says ongoing efforts to realign its organisation will result in the loss of 232 branch and call centre jobs in New York state.
17 October 2008
Commonwealth Bank of Australia (CBA) says BankWest - which it is acquiring from Britain's Hbos - will be included in the overhaul of its core banking operations.
09 October 2008
Deutsche Bank is axing 1100 back office jobs under a restructuring programme that will see the German bank focus on boosting its retail business by opening 400 new branches in its core European markets over the next four years.
Citigroup is targeting $3 billion of consolidation synergies from its acquisition of debt-hit bank Wachovia under a loss-sharing deal brokered by the Federal Deposit Insurance Corporation (FDIC).
29 September 2008
JPMorgan Chase plans to complete systems integration and rebranding of Washington Mutual by year-end 2010, closing less than 10% of branches in the combined network in overlapping markets as it looks to extend its footprint into new territories.
26 September 2008
ANZ is looking to reduce staff numbers at its branches in New Zealand in response to increased customer use of direct channels such as the telephone and the Internet.
25 September 2008
Scandinavian bank Nordea is to open a network of branches within Stockmann's department stores in Finland.
22 September 2008
Researchers have compromised the security of over 1000 US bank branches in a series of physical and virtual heists that involved "stealing" the personal data of bank customers.
10 September 2008
US ATM manufacturer NCR has acquired NCI, a UK-based provider of teller connectivity software to financial institutions in North America and Europe. Financial terms of the deal were not disclosed.
21 August 2008
Internal restructuring has resulted in banks shedding far more staff than the outsourcing of functions to offshore centres, according to a European study by Deutsche Bank.
11 August 2008
South African bank Absa has signed a five year deal, worth R1.7 billion ($236.5 million) with telecomms firm Telkom for the provision and management of a wide area network that will connect 2548 sites around the country.
04 August 2008
Banco do Brasil has selected Fiserv to provide core banking technology for a new US unit that will focus on providing services to Brazilian immigrants.
22 July 2008
British bank note printer De La Rue is selling its cash systems division to US private equity firm Carlyle Group in a £360 million cash deal.
16 June 2008
IBM has introduced a front office kiosk for branches that enables customers to interact with a virtual bank teller.
13 May 2008
Bank of Ireland (BoI) is investing EUR250,000 in a two year research project with the University College Cork (UCC) that will focus on the use of technology to improve banking services.
21 April 2008
Jordan's Cairo Amman Bank (CAB) is rolling out iris recognition technology across its network of ATMs and to teller and customer service desks in over 70 branches.
14 April 2008
Citi is set to hire Terri Dial - who is currently head of retail banking at UK bank Lloyds TSB - to revive its struggling US consumer business.
28 March 2008
The UK's Nationwide Building Society is migrating its banking, savings and mortgage operations to the SAP for Banking platform as part of a £300 million business transformation programme.
17 March 2008
The sub-prime credit crunch will drive retail bank spending on business intelligence (BI) technology from $5.6 billion in 2006 to $9 billion by 2012, according to a global study by market analyst Datamonitor.
06 March 2008
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