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News/Findex
Disruptive banking start-up BankSimple has announced partnerships with Visa, The Bancorp Bank and CBW Bank and secured a further $10 million in funding ahead of its planned launch later this year.
11 August 2011
HSBC has agreed the sale of its US card and retail services business to Capital One for a premium of approximately $2.6 billion.
10 August 2011
Bowing to pressure from Citadel, its largest shareholder, online brokerage E*Trade has fired Morgan Stanley and brought in Goldman Sachs to conduct the strategic review that could see it sold off.
09 August 2011
Shares in Misys fell by 18% in morning trading after the UK fintech vendor's proposed takeover by American counterpart FIS broke down.
04 August 2011
Canadian exchange operator TMX Group has acquired connectivity specialist Atrium Network. Financial terms were not disclosed.
03 August 2011
Allied Irish Bank (AIB) is selling off its international financial services business to outsourcing giant Captia for £29 million.
02 August 2011
The London Stock Exchange has agreed a £15 million cash deal to buy the Financial Services Authority's Transaction Reporting Service (TRS).
Nyse Euronext has agreed a buy Metabit, a Tokyo-based provider of market access products throughout Asia. Financial terms of the deal were not disclosed.
On the day it reported first half pre-tax profits of $11.5 billion, banking giant HSBC has outlined plans to axe around 25,000 jobs - nearly 10% of its workforce - by the end of 2013.
01 August 2011
UK fintech vendor Misys has recorded a 12% rise in full year adjusted profits, boosted by strong uptake of its new BankFusion platform and the successful integration of recently acquired Sophis.
28 July 2011
NCR has sold a 49% stake in its Brazilian manufacturing and engineering operations to local player Scopus Tecnologia and signed a deal with its new partner's parent Banco Bradesco for the provision of around 30,000 ATMs.
27 July 2011
Payments outfit ACI Worldwide has made a $540 million cash and stock takeover move for S1 Corporation, urging the latter's shareholders to spurn a proposed merger with Fundtech.
26 July 2011
Online brokerage E*Trade has responded to calls from Citadel, its largest shareholder, to sell itself by bringing in Morgan Stanley to carry out a strategic review.
25 July 2011
Devin Wenig, the CEO of Thomson Reuters' global markets division is to leave the company in a surprise shake-up of the business intended to improve sales to financial sector clients.
22 July 2011
US trading technology firm Convergex Holdings has abandoned a planned IPO, agreeing instead to sell a majority stake to funds advised by CVC Capital Partners.
21 July 2011
Shares in UK core banking vendor Misys rose nine per cent in morning trading as expectations rose that its proposed takeover by US firm FIS is nearing completion.
20 July 2011
A profit warning at Swiss core banking vendor Temenos has hit UK rival Misys, as nervous investors fret about the viability of an FIS-led takeover bid in a depressed market.
15 July 2011
Investment Technology Group has announced a savage cost reduction plan in a bid to move $20 million off the bottom line in the face of continued weakness in institutional equity trading volumes in the US and Europe.
13 July 2011
Fintech giant Fiserv has agreed a $465 million deal to acquire person-to-person payments specialist CashEdge.
30 June 2011
The London Stock Exchange has called off its planned merger with Canada's TMX Group, conceding defeat in its efforts to get enough shareholders to back the deal. Rival suitor Maple says it will continue to push for a deal with TMX while speculation is mounting that the LSE could itself become a target of Nasdaq OMX.
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