Personal finance

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/Personal finance

Arizona State CU launches social media site for recession-hit members

Arizona State Credit Union has launched a social media site where people hit by the recession can share information and advice.

/Personal finance

Intuit targets India with new global business unit

US financial management software firm Intuit has outlined plans to develop and sell products specifically aimed at the fast growing Indian market.

/Personal finance

Lending Club raises $12m funding

US person-to-person (P2P) network Lending Club has raised $12 million in a series b funding round led by Morgenthaler Ventures.

/Personal finance

Wesabe launches money management platform for banks

Personal finance site Wesabe has launched a Web-services-based version of its money management platform for banks and credit unions.

/Personal finance

Bank auction site MoneyAisle cashes in as Americans shop around

US bank account auction marketplace MoneyAisle says it generated over $100 million worth of certificates of deposit and high-yield savings deposits for financial institutions in the fourth quarter of 2008 as Americans concerned by the economic crisis seek out competitive rates.

/Personal finance

Tesco wins approval for RBS buy-out; poaches Rowe to head marketing

UK supermarket Tesco has received full approval from the Financial Services Authority for its takeover of the chain's personal finance arm, and poached retail banking chief Paulette Rowe from former partner Royal Bank of Scotland to head its marketing operations.

/Personal finance

Intuit launches online personal finance forecasting tool

Intuit has launched a forward looking version of its money management software Quicken Online, so users can track their spending ahead of time.

/Personal finance

Cantor speculates on box office entertainment

Cantor Fitzgerald has filed an application with regulators to launch an exchange that will allow users to hedge and speculate on the financial performance of movies.

/Personal finance

Nationwide and Visa partner on money management Website

Visa is to develop a bespoke version of its Better Money Skills financial education Website for the UK's Nationwide, as banks adjust their strategies for an economic downturn and seek to deploy online tools that can help customers suffering financial hardship.

/Personal finance

Origo to pilot secure e-mail service for life assurance industry

Origo, the technology standards body for the UK life assurance industry, is partnering with IFA portal Sesame, Norwich Union and Skandia to pilot a secure e-mail service for the exchange of confidential business documentation.

/Personal finance

M-banking network Monilink sees surge in account enquires as crunch bites

Monilink, the UK mobile banking network launched by Morse spin-off Monitise and VocaLink, says it processed over one million account enquiries in October as customers feeling the economic downturn keep a watchful eye on their money.

/Personal finance

Prosper stops taking new loans

US online person-to-person lending exchange Prosper has stopped accepting new loans as it looks to register its business with federal regulators.

/Personal finance

Social savings outfit SmartyPig targets Australia with ANZ deal

SmartyPig, a US online saving service that uses Web 2.0 technology to enable account holders to deposit money and receive funds from others, has recruited ANZ Bank to launch the system in Australia.

/Personal finance

P2P lending site Loanio targets sub-prime borrowers

A new peer-to-peer (P2P) lending platform called Loanio has launched in the US which is aimed at customers with poor credit records, such as sub-prime borrowers.

/Personal finance

New bank comparison site taps social networking

A bank comparison Web site has been launched in the US that enables consumers to post reviews and recommendations on a range of personal banking products and services.

/Personal finance

E*Trade sells Canadian unit to Scotiabank for $442 million

Online discount brokerage E*Trade has agreed to sell its Canadian operations to Scotiabank in a deal worth US$442 million.

/Personal finance

Facebook users want Web 2.0 banking

New research has found that around half of Facebook users would use Web 2.0 applications for online banking, while a quarter would even consider switching banks to obtain Web 2.0 services.

/Personal finance

Credit firms accused of breaking rules with Facebook ads

Some credit firms are flouting advertising rules when using social networking site Facebook to target young people with cheap loans, says UK debt charity Credit Action.

/Personal finance

Student loan social lending site launches in US

A new person-to-person social lending Web site aimed at college students struggling to find loans in the post-credit crunch market has been launched in the US.

/Personal finance

Barclays Stockbrokers launches spot FX trading for private investors

Barclays Stockbrokers has teamed with California-based Integral Development to launch a spot FX trading service for private investors on its Barx platform.