Latest news (24,740 items)

Bank of Cyprus loss narrows

One of Australia's specialist, and newest, retail banks, Bank of Cyrpus (Australia) more than doubled its lending business, and more than halved its loss, during 2002. read more

TD seeks partner for Waterhouse broker

Canadian bank TD Bank Financial Group (once known as Toronto Dominion) will restructure its TD Waterhouse discount stock broking business, after accepting that the business outside North American will not make a profit. read more

EFIC funds ERG bonds

Government-owned export financier, Export Finance and Insurance Corp will fund performance bonds for three integrated (and smart card based) ticketing projects for ERG Group in Seattle, Stockholm and San Francisco. read more

Catuity looking for licence revenues

Smart card applications developer Catuity may be hoping that this is the year that it can reduce its dependence on Visa USA and break the cycle of turning to directors for cash injections to maintain reserves. read more

Leigh-Mardon on the market

American Banknote, the owner of printer and cards manufacturer Leigh-Mardon is hunting for new capital for its subsidiary, seeking new equity from a third party, relief from its bankers, and may also sell its 91 per cent stake in the Melbourne-based company. read more

BankWest gains share with Lite card

BankWest said in its annual report that the "Lite" MasterCard, introduced in mid 2002, already accounts for 20 per cent of credit card outstandings of a little more than $309 million. read more

Promina closes mortgage insurance arm to new business

Royal & Sun Alliance and its Promina spin-off yesterday acknowledged that the company's lenders mortgage insurance business would be placed in run off leaving the business of underwriting low margin home loans to the general banking market to just two providers, GE Capital and PMI. read more

Page 2212 of 2250 | Total articles: 24740