All articles by Meghna Mukerjee
Meghna Mukerjee
HSBC intends to exit Georgia by early next year
HSBC will leave Georgias banking market by early 2012, it has been announced. The decision follows recent declarations of HSBCs exit from retail banking in Poland and Russia.
ICICI Bank launches its second retail branch in Singapore
Indias largest private sector bank, ICICI, has launched its second retail branch in Singapore. The new branch will cater to the banking needs of the customers, including products and services such as money transfers to India.
NBNK confirms acquisition talks and suspends company shares
In response to on-going press speculations, private equity firm NBNK has confirmed it is in acquisition talks and suspended trading in the companys shares until an admission document is published by the firm, or the talks are concluded.
Bank of America launches cashback credit card
Joining the bandwagon of big banks offering credit cards with cashback, Bank of America has launched the BankAmericard Cash Rewards Visa card that gives escalating cash rewards for different types of shopping.Customers with the BankAmericard Cash Rewards Visa card earn cash on all purchases, and the percentage gets higher depending on what theyre buying the highest reward being for gas at 3% of the price
BankAtlantic to offer m-banking solutions for a range of mobile devices
BankAtlantic will now provide a mobile-banking platform specifically designed for consumers with even the most basic mobile phone devices The service allows all BankAtlantic retail online banking customers that have web-enabled mobile phone devices to access their personal financial information via their handsets, which may range from common flip phones to smartphones.
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Santander offers £300 account switching incentive
The UK operation of Spanish lender Santander has launched its new current accounts switching offer that gives up to £300 cashback and five per cent in-credit interest to customers, who switch their main current account to Santander. The new offer will allow existing Santander mortgage customers, who either already have or can deposit £10,000 in savings with Santander and switch their main current account, to earn £300
Lloyds Banking Group tops the list of bank complaints
Lloyds Banking Group has topped the list of bank complains ranked by new complaint cases received by the Financial Ombudsman Service (FOS) With more than 37,000 complaints between January and July 2011, Lloyds has again ranked as the most complained about bank, with complaints up by 50% from 22,000 in the previous six months and from over 12,500 in thesame period last year.
Co-op Bank offers banking services through Britannia branches
The banking services of the Co-operative Group, The Co-operative Bank, will now use 250 high street Britannia branches to offer everyday-banking services, completing the integration of Britannia Building Society. Britannias branches that have previously been used only for Britannia savings accounts will now be able to carry out everyday current account work for all Co-op customers such as balance enquiries, paying in cash and cheques, withdrawing cash, and changing their details and account type