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Bank sales raise value questions
Singapore's Oversea-Chinese Banking Corp is buying Wing Hang Bank for US$4.95 billion (HK$38.61 billion) in one of the biggest mergers of its kind in recent years. Wed, 16 Apr 2014 13:44:39 -0700

Exclusive: Bahrain's Ahli United Bank considers sale or merger - sources
Ahli United Bank (AUB) (BAH:AUB), Bahrain's largest lender, is evaluating a sale or a merger with a rival bank in a potential $5 billion (2 billion pounds) deal, several bankers familiar with the situation said. A deal of this size would be the largest banking transaction in the region for the past 20 years, according to Thomson Reuters data, beating Emirates Bank's $3.7 billion acquisition of ... Wed, 16 Apr 2014 08:51:18 -0700

Bank of America reports loss on huge legal charges
The legal legacy of the housing bust weighed on Bank of America earnings Wednesday, resulting in a quarterly loss even as some operating units posted solid results. The US banking giant lost $276 million for the first quarter, with the biggest drag coming from $6 billion to settle a pile of lawsuits dealing mostly with BofA's sale of mortgage-backed securities. "The cost of resolving more of our ... Wed, 16 Apr 2014 08:19:50 -0700

Boston-based Eastern Bank Selects Infosys Finacle to Revamp its Online and Mobile Banking Products and Services
Eastern Bank, the largest and oldest mutual bank in the United States, has chosen Infosys Finacle to enhance its online and mobile banking products, while also providing a platform that allows for future growth and makes banking easier for its customers.  Eastern Bank selected Finacle e-banking, mobile banking and enterprise alert solutions to meet the ever-changing needs of its growing base of ... Wed, 16 Apr 2014 03:00:00 -0700

Julian Hodge Bank signs core banking deal with financial systems specialist Sword Apak
Cardiff-based Julian Hodge Bank has selected Sword Apak’s next generation core banking system, Aurius, to underpin the further expansion of its service offering. Wed, 16 Apr 2014 01:00:00 -0700

Washington Banking Company Shareholders Approve Merger with Heritage Financial
OAK HARBOR, Wash. -- Washington Banking Company , the holding company for Whidbey Island Bank, today announced its shareholders overwhelmingly approved the merger with Heritage Financial Corporation . ... Tue, 15 Apr 2014 16:01:32 -0700

Essex Bank Announces Retirement of Chief Credit Officer and Appointment of Successor
RICHMOND, Va., April 15, 2014 /PRNewswire/ -- Essex Bank, the banking subsidiary of Community Bankers Trust Corporation (ESXB), announced today that W. Thomas Townsend, the Bank's Executive Vice President and Chief Credit Officer, will retire from the Bank on June 30, 2014.  The Bank also announced that Patricia M. Vogel, currently the Bank's Senior Vice President and Senior Credit Officer, will ... Tue, 15 Apr 2014 13:30:00 -0700

Bank of China New York signs Memorandum of Understanding with Deutsche Bank to Expand Clearing Service Cooperation
NEW YORK & HONG KONG--(BUSINESSWIRE)-- Bank of China New York and Deutsche Bank today signed a Memorandum of Understanding expanding their cash management relationship by utilizing Deutsche Bank’s new Guaranteed US Plus solution to process Bank of China New York’s international USD payments to US beneficiaries. Guaranteed US Plus was developed by Deutsche Bank’s Global Transaction Banking ... Tue, 15 Apr 2014 10:17:00 -0700

Monarch Bank Celebrates 15th Anniversary
CHESAPEAKE, Va. -- Monarch Bank, a subsidiary of Monarch Financial Holdings, Inc. , celebrates "15 Happy Years" of community banking today. Beginning its operation in an office attic and raising ... Mon, 14 Apr 2014 05:00:00 -0700

Bank Islam reiterates interest in Indonesian banking market
KUALA LUMPUR: Bank Islam Malaysia Bhd (Bank Islam) has reiterated its interest in the Indonesian Islamic banking market […] Sun, 13 Apr 2014 15:49:32 -0700

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