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S.Korea Approves China Everbright Bank's Operation in Seoul

Dec 17, 2015

South Korea's financial regulator on Wednesday approved the banking operations of China Everbright Bank, a unit of the state-owned Everbright Group. The Financial Services Commission (FSC) said in a statement that it gave a nod to ...

Tags: Everbright Bank, foreign banks

Banking Business Service Protocol of The China-Pakistan FTA Service Trade Takes Effect

Nov 25, 2015

The Banking Business Service Protocol of the Service Trade of the Free Trade Area between the Government of the People’s Republic of China and the Government of the Islamic Republic of Pakistan ( herein after referred to as the ...

Tags: Free Trade, China-Pakistan FTA, financing convenience

T-Mobile Entered The Banking Business with a Mobilemoney Service

Jan 22, 2014

T-Mobile entered the banking business with a MobileMoney service that provides banking services for subscribers on qualifying rate plans. Mobile Money is positioned as an affordable alternative to checking fees for about 68 million adults ...

Tags: Consumer Electronics, Electronics

Hannover Re Is in Discussions to Acquire a Minority Stake in Lloyds Banking Group

Aug 22, 2013

Germany-based reinsurance group Hannover Re is in discussions to acquire a minority stake in Lloyds Banking Group’s German arm, Heidelberger Leben, for approximately €100m ($133.5m). The sale of stake in Heidelberger Leben is ...

Tags: reinsurance, Hannover Re

See for Yourself on The Consumer Reports Money Minute

Jun 1, 2013

More than 18 months ago, Google Wallet was launched on the Sprint cellular network amid hoopla that payment-by-smart-phone technology at cashiers nationwide would replace your plastic debit and credit cards. Since then, AT&T, T-Mobile, and ...

Tags: CR Money Minute, Mobile Wallet

More and More Banks in Germany Are Facing Declining Returns and Weak Growth

May 10, 2013

More and more banks in Germany are facing declining returns and weak growth. Against the backdrop of the euro crisis, the eleven largest German banks saw their year-on-year earnings before tax drop by one third during the first half of 2012 ...

Tags: Banks, Interlinking Corporate, Private Banking Business

Here Are Are Top Ten Stories for IT in Retail in 2012

Jan 5, 2013

Retailers have had another rocky year with more high street closures piling up, while online spend continued to enjoy double digit growth. As consumer spending remained stagnant, companies looked to their digital channels to bolster sales. ...

Tags: retailers, IT, 2012, Top 10

Simon Paris,Said The Strategic Change Has Been a Long Time Coming

Dec 26, 2012

Increased regulation, reduced profits and changing customer demands are driving banks to replace home-grown software with commercially available alternatives. Simon Paris, head of global banking at SAP, said the strategic change has been ...

Tags: Simon Paris, Commercial Systems, home-grown software, SAP system

Tesco Invests £65m in Tate-of-The-Art Datacentre to Drive Online Growth

Dec 19, 2012

Supermarket chain Tesco is investing £65m in a state-of-the-art datacentre as it gears up to expand its web operations outside the UK. The retailer has signed a 15-year contract with datacentre operator Sentrum, to host the ...

Tags: Supermarket chain Tesco, datacentre, web operations, banking business

Allstate Has Reported That Net Income Rose by 46.2% to $766m

Dec 6, 2012

Allstate has reported that its net income rose by 46.2% to $766m for the first quarter of 2012, or $1.53 per diluted share compared to a net income of $524m, or $0.98 per diluted share in the same period in 2011. Allstate chairman, ...

Tags: Allstate, net income, auto insurance, partnership income, operating income

Societe Generale Has Named Jean-Luc Parer as The Head of Retail Business

Dec 6, 2012

Paris based insurer Societe Generale has named Jean-Luc Parer as the head of its international retail banking division, which also makes him the member of the executive committee of the group. Jean-Luc Parer succeeds Jean-Louis ...

Tags: Societe Generale, Jean-Luc Parer, SocGen, special advisor

Metlife Has Inked an Agreement to Dispose of Its Nearly $70bn Servicing Portfolio

Dec 4, 2012

Insurance firm MetLife has inked an agreement to dispose of its nearly $70bn mortgage servicing portfolio to US based JPMorgan Chase Bank, for an undisclosed sum. Subject to certain regulatory approvals and other customary closing ...

Tags: MetLife, mortgage service, JPMorgan Chase Bank, MetLife Bank

Tesco Invests £65m in State-of-The-Art Datacentre as It Expands Its Web Operations

Sep 12, 2012

Supermarket chain Tesco is investing £65m in a state-of-the-art datacentre as it gears up to expand its web operations outside the UK. The retailer has signed a 15-year contract with datacentre operator Sentrum, to host the ...

Tags: Tesco, Sentrum, IT Smartphones, in-store software

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