Search Results for: Rival Systems
Newest UK bank Atom selects global tech giant FIS to offer digital banking
June 25th, 2015
Atom, the designed for digital challenger to the UK banking market, is partnering with FIS™ (NYSE: FIS), a global leader in banking and payments technology as well as consulting and outsourcing solutions, to serve banking customers on the go. ...
Lloyds sells 50% of TSB to Spain’s Sabadell bank
March 20th, 2015
Catalan bank buying TSB for £1.7bn is one of few banks to emerge stronger from financial crisis in Spain TSB has agreed a £1.7bn takeover by Spain’s Banco de Sabadell, with Lloyds Banking Group selling its 50% stake in the UK ...
Crédit Agricole CIB Chooses DealHub for its FX Post Trade STP connectivity
March 16th, 2015
DealHub (Option Computers Ltd) announced today that its FX post trade connectivity platform has been deployed at Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB). DealHub’s modular platform combines the firm’s comprehensive market connectivity with flexible, rules based ...
Canada and Saudi oil set for refinery showdown
January 8th, 2015
As a test of wills between OPEC nations and US shale drillers fuels a global oil market slump, a brewing battle between Canadian and Saudi Arabia heavy crudes for America’s Gulf Coast refinery market threatens to drive prices even ...
Lufthansa signs $1.25 billion outsourcing deal with IBM
November 18th, 2014
IBM (IBM.N) has won an outsourcing contract from Germany’s Lufthansa (LHAG.DE) worth 1 billion euros ($1.25 billion) that will see the U.S. company take over the airline’s information technology infrastructure services division and staff. The move is part of ...
Singapore Returns Up to $9 Billion to Banks in Rate Probe
November 7th, 2014
Singapore’s central bank gave back as much as S$12 billion ($9.3 billion) that it took from 19 lenders last year as a penalty for trying to manipulate benchmark interest rates. The banks have taken steps to prevent a recurrence ...
Hedge fund nightmare turns into a dream
November 6th, 2014
Do computers that trade financial markets ever have nightmares about losing money? It is a question investors have asked in recent years of the hedge funds that use automated algorithms and models to buy and sell billions of dollars of assets. ...
Wal-Mart and allies in face-off with Apple Pay over mobile payments
October 30th, 2014
Suddenly it’s Apple versus Wal-Mart in the fight for shoppers’ digital wallets. With the development of a new mobile payment system, a group of retailers led by Wal-Mart Stores (WMT.N) is aiming to upend the $4.5 trillion credit card ...
Deutsche Bank swings to €92m loss on legal costs
October 29th, 2014
Deutsche Bank swung to a loss in the third quarter because of higher legal costs to settle investigations. Germany’s largest lender posted a net loss of €92m ($117m; £72.6m) in the three months to September, compared to a profit ...
Citi pulls out of consumer banking in 11 countries, profit jumps
October 15th, 2014
Citigroup Inc said it is pulling out of consumer banking in 11 markets, including Japan and Egypt, as the U.S. bank with the biggest international business looks to cut persistently high costs. The third-largest U.S. bank, built with a ...
