Banking

UPDATE 2-National Bank of Canada profit up despite charges

even though previously announced writedowns for commercial paper, staff layoffs and other items took a toll on results. National Bank said on Thursday it earned C$70 million, or 37 Canadian cents a share, in the quarter ended...

Queensgate Bank and Trust selects IPBS wealth management system

International Private Banking Systems, a provider of wealth management software for the private banking sector, has announced that Queensgate Bank and Trust has turned to the IPBS system to cope with its high transaction volumes.

Brown's repossession rescue will 'significantly increase debt and negative equity'

Mortgage borrowers are being warned the government's mortgage rescue plans will provide breathing space but could significantly increase overall debt and lead to negative equity. The new Homeowner Mortgage Support Scheme,...

Republic Bank signs for Fortent AML technology

Risk and compliance specialist Fortent announced today that Republic Bank Limited, a leading Caribbean financial services group, has selected Fortent's complete financial crimes and anti-money laundering (AML) technology...

Open Solutions reports Osoyoos Credit Union deal

Osoyoos Credit Union recently selected The Complete Credit Union Solution: DNA (TCCUS: DNA), the latest version of the popular relational core data processing platform from Open Solutions, a leading provider of integrated...

Clearstream Banking Frankfurt launches tax data transfer service

Clearstream Banking Frankfurt (CBF) is launching Taxbox, a new service that will support the transfer of tax-relevant data between its customers so that they can fulfill their legal requirement to exchange this data efficiently...

MiCash ships pre-paid card with remittance capability

One financial services company has introduced universal prepaid debit cards that give new meaning to their "universal" designation. In addition, MiCash is an experienced leader in offering MiCash-branded cards as well as...

Euroclear Bank plans 2009 fee cuts

Euroclear Bank will implement a programme of fee reductions in 2009, delivering EUR 55 million in cost savings to clients. The primary components of Euroclear Bank's tariff cuts will be implemented in two phases. Effective 1...

Santander Consumer Bank deploys StreamServe enterprise document presentment system

StreamServe, a leading provider of Enterprise Document Presentment (EDP) solutions for business communications, today announced that Santander Consumer Bank of Norway has upgraded to StreamServe Persuasion and is expanding its...

Sustainable Development Capital Names Jason Segal Head of Business Development

Sustainable Development Capital LLP (SDCL), a multi-disciplinary investment banking firm which works exclusively on sustainable development investments and projects, announced today that it has hired Jason Segal as a Managing...