189 Results from /people, 2008
/people
The UK's Barclays Bank has signed a definitive agreement to acquire the Goldfish credit card business from Discover Financial Services for around £35 million in cash.
07 February 2008
US ATM manufacturer Diebold is cutting 800 jobs - five per cent of its global workforce - following a disappointing 2007 and amid gloomy forecasts for the coming year as the credit crisis hits bank branch investment budgets.
06 February 2008
US banking giant Citigroup has temporarily halted the sale of its business process outsourcing (BPO) unit in India, according to local press reports.
05 February 2008
A probe into the EUR5bn Société Générale rogue trading scandal by the French government has revealed that the bank was warned last year that its security systems and internal controls were lacking.
04 February 2008
Troubled Irish e-payments firm Payzone says at the request of 60% of its shareholders, it is calling an extraordinary general meeting (EGM) to approve the removal of CEO John Nagle and CFO John Williamson from the company.
Morgan Stanley is set to cut around 150 jobs in London - most of which will be in the back office, according to a report from Reuters.
01 February 2008
Person-to-person payments outfit PayPal is acquiring Fraud Sciences, an Israel-based developer of online risk tools, for $169 million.
28 January 2008
US regulators are urging banks to develop contingency plans for dealing with a widespread outbreak of avian flu after a planning exercise conducted last year found that more than one-third of participants had no business continuity strategies in place.
Online foreign exchange trading outfit Gain Capital has raised $117 million in a funding round led by venture capitalist 3i and including existing investor VantagePoint Venture Partners.
22 January 2008
The latest research from Deloitte shows that expenditure on compliance by US banks has increased an average of 159% over the past five years, but the majority of spending - 60% - goes on staff costs while only 18% is dedicated to technology.
18 January 2008
Credit Suisse has appointed Manny Santayana as head of sales at its advanced execution services (AES) unit, replacing industry veteran Richard Balarkas who announced a surprise move to Instinet Europe last month.
17 January 2008
Tennessee-based Goldleaf Financial Solutions has acquired Alogent Corporation, a provider of deposit automation technology to financial institutions, for a total consideration of $42.5 million.
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