Banks

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China Construction Bank Corp to convert subsidiary license of China Construction Bank (Dubai) Limited into branch license

Thursday, 23 Oct 2014 08:00pm EDT

China Construction Bank Corp:To convert subsidiary license of China Construction Bank (Dubai) Limited (CCB Dubai) into branch license and Dubai Branch to fully take over the business operation of CCB Dubai.To change the registered capital of $100 million of CCB Dubai to the working capital of the Dubai Branch.

Intesa Sanpaolo SpA updates on merger by incorporation of Adriano Finance 2 Srl into Intesa Sanpaolo

Monday, 20 Oct 2014 06:57am EDT

Intesa Sanpaolo SpA:Says the Management Board of the Bank, at its meeting of July 15, approved the plan for the merger by incorporation of Adriano Finance 2 Srl into Intesa Sanpaolo, as well as the related explanatory report.Adriano Finance 2 Srl is a company wholly owned by the merging company.Says the merger plan was filed with the Torino Company Register on Oct. 20.Says the merger shall be submitted for approval to the Management Board of Intesa Sanpaolo.

Zapsibkombank OAO announces liquidation of Zapsib-Finans OOO

Friday, 17 Oct 2014 01:26am EDT

Zapsibkombank OAO:Decided voluntary liquidation of its wholly owned subsidiary Zapsib-Finans OOO.Date of decision Oct. 17.

Skue Sparebank to discontinue subsidiaries Fremstad AS and Nes Eiendom AS

Thursday, 16 Oct 2014 02:49am EDT

Skue Sparebank:Says board of Skue Sparebank has decided to discontinue subsidiaries Fremstad AS and Nes Eiendom AS.Says these companies' assets and liabilities will be directly owned by Skue Sparebank with effect from Jan. 1.Says the merger has no tax or accounting effect.

Unione di Banche Italiane ScpA announces reorganization of branch network and start of negotiations with trade unions

Tuesday, 14 Oct 2014 11:52am EDT

Unione di Banche Italiane ScpA:Announces reorganization of the Group’s branch network, which will result in the closure of 114 banking facilities (55 branches and 59 mini-branches) and also the transformation of 54 branches into minibranches and 2 mini-branches into branches.Announces the start of trade union negotiations to address the repercussions on working conditions of staff affected by the interventions described.Says the negotiations are to be concluded within the time limits set by the provisions of the labor contracts in force concerning these matters.

Banca Carige SpA Cassa Di Risparmio Di Genova e Imperia signs accord with trade unions-Reuters

Friday, 3 Oct 2014 12:18pm EDT

Banca Carige SpA Cassa Di Risparmio Di Genova e Imperia:Italy's Banca Carige said it will save more than 50 million euros a year from an accord with trade unions signed on Oct. 3-Reuters.The accord also introduces pay cuts for employees and will ensure at least 600 people retire by the end of 2018.

Oversea-Chinese Banking Corporation Ltd announces dissolution of Pacificmas Fidelity Sdn. Bhd.

Thursday, 2 Oct 2014 05:09am EDT

Oversea-Chinese Banking Corporation Ltd:Says PacificMas Fidelity Sdn. Bhd., a subsidiary of OCBC Bank, has been dissolved on Oct. 02.Says PacificMas Fidelity Sdn. Bhd. ceased to be a subsidiary of OCBC Bank with effect from Oct. 02.

Essex Credit Corporation merges with Bank of the West

Wednesday, 1 Oct 2014 03:40pm EDT

Bank of the West:Bank of the West announces that Essex Credit Corporation (Essex) has been merged into the bank.Essex has been operating as wholly-owned subsidiary of Bank of the West since 1997;.

Aktia Bank Plc completes restructuring of asset management

Wednesday, 1 Oct 2014 03:00am EDT

Aktia Bank Plc:Says Aktia Invest Ltd, since Jan a wholly-owned subsidiary of Aktia Asset Management Ltd, was on Oct 1 merged with Aktia Asset Management Ltd.Says all employees in Aktia Invest Ltd will continue in employment of Aktia Asset Management Ltd.Says restructuring has no significant effect on Aktia Bank Plc's profit or financial position.

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