Old Second Bancorp to buy Greater Chicago Financial for $41.1m
Illinois-based Old Second Bancorp, the parent of Old Second National Bank, has agreed to acquire local lender Greater Chicago Financial…
Year: 2017
MUFG to buy majority stake in Indonesia’s Bank Danamon
Japan's Mitsubishi UFJ Financial Group (MUFG) has agreed to acquire Singaporean investment firm Temasek’s 73.8% stake in Bank Danamon Indonesia.…
Danske Bank taps essDOCS to digitise trade documentation processes
Denmark-based Danske Bank has subscribed to essDOCS' CargoDocs ePresentation to enable its corporate customers use electronic presentation under eUCP Letters…
India needs to reform state-run banks, says IMF
The International Monetary Fund (IMF) has called on the Government of India to reduce its stakes in the state-run banks…
Intesa predicts €675m saving per year from 2021 through voluntary layoffs
Italian banking group Intesa Sanpaolo estimates to save nearly €675m a year from 2021 by reducing employee strength following a…
ForgeRock to provide reference bank application to Open Banking
UK's Open Banking Implementation Entity has selected digital identity management solutions provider ForgeRock to provide a reference bank application that…
New Zealand OIO rejects HNA’s $460m UDC acquisition
New Zealand’s Overseas Investment Office (OIO) has rejected HNA Group's application to acquire ANZ Bank New Zealand-owned UDC Finance for…
LCNB Corp agrees to snap up Columbus First Bancorp
LCNB Corp, the holding company for LCNB National Bank, has agreed to acquire Columbus First Bancorp, the holding company for…