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European Investment Bank Signs 200m Euro SME Investment Finance Agreement with Bankinter
The European Investment Bank (EIB) has signed a EUR 200 million agreement with Bankinter to finance investment by small businesses and midcaps (companies with up to 3 000 employees). How People Arrived Here: south sudan travino
United Federal Credit Union Announces Purchase of the Assets of Griffith Savings Bank
United Federal Credit Union ("UFCU"), headquartered in St. Joseph, Michigan, announces that its historic purchase of the assets of Griffith Savings Bank ("GSB"), headquartered in Griffith, Indiana, has been completed effective January...
UK Government Selling Northern Rock Plc to Virgin Money
The Government is selling Northern Rock plc to Virgin Money. It represents a significant step in returning public sector stakes in banks to the private sector.
SunTrust Joins Chorus of Banks U-Turning on Debit Card Fees
With consumer outrage mounting against new debit card fees, SunTrust announced on Monday that it will stop charging its customers a $5 monthly fee to make debit card purchases. SunTrust’s announcement follows the news late last week that Wells...
Federal Reserve’s Latest Plan ‘Operation Twist’ Will have No Significant Impact on the Sagging American Economy
The Federal Reserve’s latest plan to prop up the sagging American economy, known as Operation Twist, won’t have a significant impact, says a finance expert at Washington University in St. Louis. How People Arrived Here: operation twist timeline, timeline...
Urban Chinese Households, on Average, Save Much More Than Their American Counterparts
With the global economy in a state of unrest, saving money seems to be an obvious strategy for households to protect themselves. But are global households saving enough? Researchers at the University of Missouri have compared savings habits of households...
Capital One to Acquire HSBC’s Domestic Credit Card Business
Capital One Financial Corporation has announced a definitive agreement under which Capital One will acquire HSBC’s domestic credit card business, including its approximately $30 billion credit card portfolio, for an 8.75 percent premium to par value...
HSBC Reaches Agreement to Sell 195 Retail Branches Primarily in Upstate New York
HSBC, through its wholly owned subsidiary HSBC Bank USA, N.A. and other wholly owned affiliates, has reached agreement to sell 195 retail branches, primarily in Upstate New York1, to First Niagara Bank, N.A. (“First Niagara”) for a consideration equal...
