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global financial services
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The U.S. Economy Slowed Drastically in The First Three Months of The Year
May 1, 2014The U.S. economy slowed drastically in the first three months of the year as a harsh winter exacted a toll on business activity. The slowdown, while worse than expected, is likely to be temporary as growth rebounds with warmer weather. ...
Tags: economy, U.S.Economy
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AIG to file a lawsuit against Morgan Stanley over $3.7bn mortgage-backed securities
Nov 11, 2013American International Group (AIG) is reportedly believed to file a lawsuit against Morgan Stanley over $3.7bn mortgage-backed securities. The announcement was made in the Morgan Stanley's 10-Q filing with the US Securities and Exchange ...
Tags: AIG, Mortgage-Backed Securities
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RBS Is to Spend More Than £300m on a New It System
Oct 1, 2013The Royal Bank of Scotland (RBS) is to spend more than £300m on a new IT system as it prepares to sell off 314 branches under the Williams & Glyn's moniker. RBS is reviving the Williams & Glyn's name after 30 years, with the ...
Tags: Computer Products, software
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Travelers Launch a New Private Passenger Automobile Product, Quantum Auto 2.0
Sep 24, 2013The Travelers Companies is planning to launch a new private passenger automobile product, Quantum Auto 2.0, which would offer more customized and segmented services, increased competitive pricing features, and new discounts for consumers. ...
Tags: Travelers, Quantum Auto
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Sun Life Financial Rolled out Two Plans,Which Enable Employers to Select The Benefit
Sep 12, 2013Sun Life Financial’s Employee Benefits Group has rolled out two group voluntary accident insurance plans, which enable employers to select the benefit schedules that meet the demographic and budgetary needs of their employees. The ...
Tags: Sun Life, Insurance Products
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Allianz Life Has Posted Operating Profit of $134m for The First Quarter of 2013
May 17, 2013Minneapolis-based Allianz Life Insurance Company of North America (Allianz Life) has posted operating profit of $134m for the first quarter of 2013 compared to $217m in 2012. Decrease in the year-over-year quarterly profit and the ...
Tags: Service
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Cray Has Expanded Its Portfolio of Systems for The Technical Enterprise Market
May 9, 2013Supercomputer manufacturer Cray has expanded its portfolio of systems for the technical enterprise market. The company’s newest machine, the Cray XC30-AC, starting at $500,000, was built for mid-sized organisations that need some ...
Tags: Cray, Computer Products
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Principal Global Sells a Minority Stake in Post Advisory Group
Apr 1, 2013Global asset manager Principal Global Investors is selling a minority stake in Post Advisory Group to Nippon Life Insurance, in a move that can broaden Post’s distribution in Japan. Based in Santa Monica, California, Post is a ...
Tags: Nippon Life, Minority Stake
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PESL Received The Award for Its Next Generation Retail Management Solution, iRetail
Mar 13, 2013Polaris Enterprise Solution Limited (PESL), a leading technology provider in diverse industry segments and a wholly owned subsidiary of Polaris Financial Technology Ltd won the 'EPoS (Electronic Point of Sale) Initiative of the Year' award ...
Tags: Polaris Enterprise, PESL, EPoS Award, iRetail Solution
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CIVC Has Disposed of Underwriter of Vehicle Service Contracts Gwc to Stone Point Capital
Feb 22, 2013Chicago-based private equity firm CIVC has disposed of underwriter of vehicle service contracts GWC Warranty (GWC) to Stone Point Capital. Further terms of the transaction have not been disclosed. Headquartered in Wilkes-Barre, ...
Tags: CIVC, private equity firm, GWC
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RIDC in Its Belfast Centre, UK, Enables Polaris to Strengthen Its Leadership Position
Feb 20, 2013The launch of its Research, Innovation and Development Centre (RIDC) in its Belfast Centre, UK, enables Polaris to strengthen its leadership position by establishing a dedicated near-shore RIDC. CHENNAI, INDIA, February 19, 2013 ...
Tags: Innovation, Financial Technology, Technology
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BOC and Baosteel Sign Cash Management Agreement Signing Ceremony Is Held in Shanghai
Jan 7, 2013On December 21,2012,Bank of China and Baosteel Group global cash management service overall framework agreement signing ceremony is held in Shanghai.As one of the first batch of"multinational company headquarter funds centralized ...
Tags: BOC, Baosteel Group, global cash management service agreement
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Research of 55 Bank CIOs Reveal How Companies Ravaged by Recession Are Investing in IT
Dec 31, 2012Research of 55 bank CIOs reveal how companies ravaged by recession are investing in IT to help them emerge stronger. The financial crisis which began with the credit crunch in 2008 and the subsequent collapse of investment banking giant ...
Tags: finance CIOs, IT
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Foxit Has Attained a Gold Independent Software Vendor Competency
Dec 28, 2012FREMONT, CA, September 21, 2012 /24-7PressRelease/ -- Foxit Corporation, an Amazon-invested leading software provider of solutions for reading, editing, creating, organizing, and securing PDF documents, today announced it has attained a ...
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With Customer Demands Changing,Banks Have to Innovate Around Things Like Mobile Banking
Dec 27, 2012The industry that you expect to hit the IT headlines on a regular basis has not let us down in the last 12 months,despite continued tough market conditions. With customer demands changing,banks have to innovate around things like mobile ...
Tags: Financial Services, IT, bank, mobile banking, Barclays, RBS