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Handelsbanken says Carina Akerstrom appointed deputy CEO

Tuesday, 4 Oct 2016 02:04am EDT

Svenska Handelsbanken AB : Handelsbanken says Carina Akerström has been appointed deputy group chief executive . Says she will also be responsible for Handelsbanken's Large Corporates business. . Says no new CEO of Handelsbanken Sweden will be appointed. . Says instead regional heads will, from now on, report directly to Handelsbanken's President and Group Chief Executive Anders Bouvin. Further company coverage: [SHBa.ST] (Reporting By Simon Johnson) ((simon.c.johnson@thomsonreuters.com;)).

National Australia Bank completes sale of 80 pct of Life Insurance business

Sunday, 2 Oct 2016 08:49pm EDT

National Australia Bank Ltd : Announced completion of sale of 80% of its life insurance business to Nippon Life Insurance Company (Nippon Life) for $2.4 billion . Goodwill for wealth business is expected to reduce by approximately $1.6 - $1.7 billion . Also committed investment of at least $300 million over next 4 years in superannuation, platform, advice & asset management business . Peter Grey has been appointed chairman of MLC Ltd . Commencing a long term partnership with Nippon Life . Partnership includes 20 year distribution agreement to provide life insurance products through nab's owned and aligned networks . Transaction has resulted in a loss on sale, which is expected to be approximately $1.2 - $1.3 billion .For cash earnings, in fy16 results, 80% of earnings for MLC Life Insurance will be treated as discontinued operations outside of cash earnings.

Citizens Financial Group announces departure of CFO Eric Aboaf

Wednesday, 28 Sep 2016 09:00am EDT

Citizens Financial Group Inc : Citizens Financial Group announces departure of chief financial officer Eric Aboaf . Affirms that it is having strong quarter, currently expects to meet or exceed Bloomberg Q3 consensus estimates of $0.48 per share . Says former Citizens Financial Group CFO John Fawcett will come out of retirement and serve as interim CFO .Will conduct thorough external search for permanent CFO.

Industrial and commercial bank of china appoints Gu Shu as vice chairman

Tuesday, 27 Sep 2016 07:32am EDT

Industrial And Commercial Bank Of China Ltd <601398.SS> : Sheila Colleen Bair nominated as candidate for independent non- executive director of bank .Gu Shu has been appointed as vice chairman.

Industrial and Commercial Bank Of China says board approved appointment of Gu Shu as president

Tuesday, 27 Sep 2016 07:24am EDT

Industrial And Commercial Bank Of China Ltd <1398.HK> :Considered and approved proposal on appointment of Gu Shu as president of Industrial And Commercial Bank Of China Limited.

Millennium bcp says talks with Fosun on stake in bank going well

Monday, 26 Sep 2016 11:55am EDT

Miguel Braganca, CFO of Portugal's largest-listed bank Millennium bcp , says: Talks with China's Fosun, which offered to buy a stake of at least 16.7 percent via a dedicated capital hike, are progressing well. . "It is the board that will decide on the offer, but these negotiations with Fosun are running well," Braganca says. . "Fosun has an interesting presence in other parts of the world ... and its experience can be relevant for the banking business in various dimensions," he said. . On Sept. 14, the bank's board agreed to expand the negotiations with Fosun on its offer made on July 30, which also envisages a possible further increase of the stake to up to 30 percent. Further company coverage: [BCP.LS] (Reporting by Sergio Goncalves) ((andrei.khalip@thomsonreuters.com;)).

Shengjing Bank says Zhang Yukun resigns as chairperson

Monday, 26 Sep 2016 10:36am EDT

Shengjingbank-resignation Of Executive Director And Chairperson <2066.HK> :Zhang Yukun has resigned from positions of chairperson and executive director.

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