Small Initiatives

On May 9, St.George was approached by Westpac with a merger offer. In a proposal that was publicly revealed three days later, Westpac is making an all stock offer to St.George shareholders. If the...

Pacific Coast National Bancorp, the holding company for Pacific Coast National Bank, has promoted Michael Hahn - the bank's founder, president and COO - as the president and CEO of the company and...

Diebold, a provider of integrated self-service delivery and security systems and services, has entered into an agreement with Union Bank to supply 120 new automated teller machines for the bank's...

AMP has announced that its earnings growth for 2008 is likely to be lower as a result of the global credit crisis. Although the Australian wealth manager agreed with several other banks that the...

Amcore Financial has appointed Guy Francesconi, executive vice president and general counsel, to the role of corporate secretary. Mr Francesconi replaces James Waddell, who recently announced his...

Wells Fargo & Company, a provider of financial services, and Bank of America have formed Pariter Solutions, a joint venture to operate a single, combined automated clearinghouse platform.

Diebold, a provider of self-service delivery and security systems, has signed an agreement with Union Bank, to supply the financial institution with 120 new automated teller machines for the bank's...

ANZ has launched a new internet banking platform for business customers with two-factor authentication for increased security.

Fortis has reported a net profit of E808 million for the first quarter of 2008, a decrease of 31% compared with a net profit of E1.17 billion for the same quarter of 2007.

CSB Bancorp, the parent of The Commercial & Savings Bank, has entered into a definitive agreement with Indian Village Bancorp to acquire Indian Village Community Bank in a cash and stock...

Alaska Pacific Bancshares has reported a net income of $154,000, or $0.23 per diluted share for the first quarter of 2008, a 24.9% decrease compared with a net income of $205,000, or $0.31 per...

Alliance & Leicester's has withdrawn its recently launched six-month fixed rate bond, due to unprecedented popularity of the product. The bank has increased the rate of interest on its one-year...

Alliance & Leicester, a financial services group, has appointed Viviane Clement as its new head of intermediary sales.

BNP Paribas Group has reported a net profit of E1.98 billion for the first quarter of 2008, down 21% from the net profit posted during the comparable quarter of 2007.

St George Bank and Westpac Banking Corporation have announced a proposed merger of the two companies to create one of Australia's leading financial services company.

The Federal Home Loan Bank of Seattle has reported a net income of $31.5 million for the first quarter of 2008, compared to $10.6 million for the same quarter of 2007.

Leeds Building Society has launched its new unlimited access fixed rate postal bond paying 6.25% AER.

Abbey Savings has announced that it will launch its latest tranche of fixed-term savings accounts - Fixed Rate Bond, 50+ Bond, and Children's Savings Bond.

India-based Kotak Mahindra Bank has reported that its consolidated profit after tax for fiscal 2008 increased 84% to INR9.91 billion from INR5.38 billion in fiscal 2007.

Citibank and telecommunications provider Indosat have launched Citi Mobile, a new mobile electronic banking service.