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- Sovereign Bancorp to Raise Just Over $1 Bln: Source
- By Jonathan Stempel NEW YORK (Reuters) - Sovereign Bancorp Inc SOV, the second-largest U.S. savings and loan, plans to raise just over $1 billion in an equity offering to help it navigate a difficult economic environment, a person close to the ...
- News items 2008-05-08
- Credit Agricole to Raise $9.1 Bln After Writedown
- By Sudip Kar-Gupta PARIS (Reuters) - France's biggest retail bank Credit Agricole CAGR sought 5.9 billion euros ($9.1 billion) from its shareholders to shore up its capital after new writedowns at its Calyon investment bank, hitting its shares. Agricole's confirmation of the planned...
- News items 2008-05-13
- CBA to Spend $580m on Technology
- Commonwealth Bank of Australia Ltd CBA will spend $580 million over the next four years modernising its existing banking legacy systems.CBA has selected global business software company SAP to upgrade its banking solutions, based on SAP's technology platform NetWeaver.The bank also has appointed another software firm, Accenture, to support...
- News items 2008-04-28
- NAB's First-half Net Profit Rises 25.8%
- National Australia Bank Ltd has posted a healthy eight per cent rise in first half cash profit underpinned by higher earnings at its local and United Kingdom banking operations and wealth management arm MLC.Australia's second biggest bank said Australia's economic growth was slowing but should stay solid on the...
- News items 2008-05-09
- Global Stocks Rise After HSBC; Dollar Firmer
- By Natsuko Waki LONDON (Reuters) - World stocks rose on Monday, supported by better-than-expected first-quarter results from HSBC which eased concerns about the banking sector, while the dollar rose towards last week's two-month peak. Major financial markets were calm after China's southwest ...
- News items 2008-05-12
- Cattles Confident on 2008
- LONDON (Reuters UK) - Subprime lender Cattles CTT said on Friday it was confident in its prospects for the year and was no longer interested in buying a consumer finance business that it had held talks with. The company expects to get around 1 billion pounds...
- News items 2008-05-09
- Lender Cattles Announces Rights Issue
- LONDON (Reuters UK) - Consumer lender Cattles CTT said on Wednesday it was raising 200 million pounds in a rights issue to support its application for a banking licence and diversify its sources of funding. Cattles said the nine for 20 rights issue was priced at...
- News items 2008-04-22
- Mall Owner Hammerson Upbeat Despite Retail Downturn
- LONDON (Reuters UK) - Turbulent financial markets are curbing consumer spending and piling pressure on retailers but mall owner Hammerson HMSO said on Thursday it was yet to feel any impact from Britain's weakened retail sector. The company, which also develops offices, said in a ...
- News items 2008-05-01
- FirstCaribbean Builds Sales Momentum and Ensures Data Privacy in 15 Countries
- FirstCaribbean International Bank needed to standardize and automate processes in its retail banking business in 15 countries and a number of currencies. To achieve its goal of significantly increasing sales following a merger, the bank sought a hosted CRM solution that would be quick to implement. After evaluating Siebel On...
- Case studies
- Human Touch - How Transforming Banking Sales Behavior Can Spur High Performance
- A concerted effort to improve sales force performance can deliver impressive financial results in the short term and help maintain that high performance long term. A targeted marketing initiative, properly managed, can deliver revenue increases of 20 percent - 40 percent within a single quarter. This article discusses how a...
- White papers
- Business Process Reengineering for the Commissions Process
- An Australian corporation, which is among the top ten banking institutions and top five general insurers, has one of the highest cross-sell rates in the financial sector. The company wanted to reengineer its business processes in order to improve the efficiency of the commission systems. Infosys helped the client to...
- Case studies
- Creating a Dynamic Foundation for Basel II Compliance
- The client is a Midwestern U.S. commercial banking subsidiary with $30 billion in assets, which faced a number of obstacles in gathering and organizing the information needed to meet the requirements of more granular and objective data for determining the capital required to meet credit and operational risks. Basel II...
- Case studies
- Banking Focus: The New Basel Accord
- Over the course of the late seventies and early eighties, as the international financial system became more and more integrated big banks faced a big problem: regulations. Some countries allowed their banks to operate with a higher degree of advantage, which created unfair competition for competitors. In response, the Bank...
- White papers
- Check Image Archive
- This paper gives information about banking operations. Only a few years ago, the emergence of new, electronic payment technologies such as debit cards and PC banking led many financial services industry observers to predict the imminent arrival of a paperless payments environment. Because these new technologies promised greater efficiencies, enhanced...
- White papers
- Options Paper
- This options paper is part of a comprehensive review of the U.S. deposit insurance system by the Federal Deposit Insurance Corporation FDIC. This review assures the ability of the system to meet its responsibilities over the next decade. Industry consolidation, expanded activities, globalization and the use of technology have advanced...
- White papers
- Business Process Outsourcing Services for the Banking Industry
- Financial institutions have significant opportunity to leverage Business Process Outsourcing BPO to enable their global strategies. Partnering with the right BPO provider brings capabilities and skills beyond just the BPO solution. Accenture is a high-value deliverer. Accenture not only delivers cost-efficiency, Accenture has the industry business knowledge, assets and tools...
- White papers
- Banking on a Rebound
- Financial stocks have troubles but are strikingly undervalued. Why isn't this bear market over yet? That's the question I hear most often nowadays, even from investors who have been through devastating stock declines before. For more than 2 1/2 years, the Dow has been falling, losing as much as...
- White papers
- Bank Purchases of Life Insurance
- This bulletin provides general guidelines for national banks to help ensure that bank purchases of life insurance are consistent with safe and sound banking practices. This bulletin outlines supervisory considerations to be used in making this assessment. Supervisory action may include, but is not limited to, partial surrender or divestiture...
- White papers
- Banking on Basel II - Seizing Advantage From Unavoidable Investments
- Sound management of the credit and operational risks inherent in lending money are central to any bank in today's turbulent financial markets. With the increasingly interlinked, cross-border nature of the global economy, banks that fail to control adequately their exposures risk undermining not only their own viability but also that...
- White papers
- Fixing Japan's Banking System
- The paper highlights that a better reform of financial supervision and bank governance in Japan is essential. For one thing, the state shouldn't remain the largest shareholder in most of the biggest institutions. Banks are under constant government pressure to lend to small and midsize companies, even when such lending...
- White papers
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