Credit Agricole

Bank of America hires bankers away from RBS and Citi to boost its popularity

October 5, 2010 - 1:09am | Banks and internet banks | News
Bank of America hires bankers away from RBS and Citi to boost its popularity

 Bank of America Merrill Lynch has started aggressive market penetration in Europe. Such decision can be made after announcement of BofA about hiring ten bankers to its European corporate banking business. A key moment in this announcement was that a large number of bankers were recruited from its rivals Royal Bank of Scotland and Citigroup. 


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French banks get $13.6 billion from the government

January 22, 2009 - 5:10am | Banks and internet banks | News
French banks get $13.6 billion from the government

The decision, followed by a statement from Societe Generale, to provide banks with another $13.6 billion (10.5 billion euros) was based on the fact that top executives don't get a bonus for 2008. As bonuses are being withheld, the banks will also have to keep up their lending and are being urged to restrict dividend payouts to strengthen their capital. In the first round of the financing, the cash was provided to the country's six biggest lenders in the form of loans. 


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Banco Santander started anti-money laundering policy

January 13, 2009 - 6:00am | Banks and internet banks | News
Banco Santander started anti-money laundering policy

Norkom Technologies has announced that Banco Santander, one of the world’s top 10 banks and the largest bank in the euro zone, has selected its AML Solution for implementation in Santander AML Units, marking Norkom’s official foray into the Spanish financial services marketplace. 


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