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Taiwan Cooperative Financial Holding subsidiary to merge with sub-subsidiary

Monday, 22 Feb 2016 06:55pm EST

Taiwan Cooperative Financial Holding Co Ltd:Subsidiary Taiwan Cooperative Bank to merge with sub-subsidiary Cooperative Insurance Brokers.

Mie Bank to dissolve subsidiary

Wednesday, 27 Jan 2016 02:30am EST

Mie Bank Ltd:To dissolve a wholly owned Mie-based subsidiary, which has been engaged in cash liquidation, scrutiny and deposit business, effective on March 31.Liquidation is expected to be completed in the end of June.

Oita Bank announces merger between units

Monday, 25 Jan 2016 02:30am EST

Oita Bank Ltd:Says its Oita-based wholly owned subsidiary Daigin Staff Service to merge with its another Oita-based wholly owned subsidiary engaged in consolidated balance sheet business on April 1.Says the subsidiary which is engaged in consolidated balance sheet business, to be dissolved after the transaction.

San-in Godo Bank announces merger between units

Monday, 25 Jan 2016 01:30am EST

San-in Godo Bank Ltd:Says its wholly owned Shimane-based subsidiary to merge with its another wholly owned Shimane-based subsidiary GOGIN STAFF SERVICE, effective April 1.Says GOGIN STAFF SERVICE to be dissolved after the transaction.

Barclays PLC closing investment banking units in Australia, Russia -memo - Reuters

Wednesday, 20 Jan 2016 11:32am EST

Barclays PLC:Barclays is closing investment banking units in Australia and Russia, as well as Asian countries such as Indonesia and Thailand, as part of a review of global operations, it said in an internal memo to staff on Thursday - RTRS.The London-based lender is also cutting its onshore markets coverage in Brazil and cash equities sales and execution businesses in Central Europe, the Middle East and North Africa as part of some of the deepest cuts by any bank in recent times. - RTRS.Reuters reported the bank's retreat from South Korea and Taiwan on Jan. 5 - RTRS.The memo reviewed by Reuters also showed that Barclays is exploring exiting its precious metals business globally - RTRS.A Barclays spokesman in Hong Kong declined to comment - RTRS.

BankNordik P/F to conduct ‍reorganisation involving 22 redundancies

Tuesday, 19 Jan 2016 05:33am EST

BankNordik P/F:Reorganisation will involve 22 redundancies, primarily in non-customer-faced positions​.Expects to be able to pay an extraordinary dividend of up to 200 million Danish crowns​.Expects to be able to pay a further dividend of not less than 100 million Danish crowns​.‍Consolidation of IT branches in Jutland into four personal banking centres located in Aarhus, Kolding, Esbjerg and Haderslev​.‍Will also move all branch support to Faroe Islands over next six to eight months​.‍Retains full-year guidance for FY 2015​.Expects that two thirds of Danish corporate banking activities will be wound up during H1 2016​.

Oversea-Chinese Banking Corporation Ltd announces dissolution of OCBC Pearl Limited

Tuesday, 19 Jan 2016 04:39am EST

Oversea-Chinese Banking Corporation Ltd:Says dissolution of OCBC Pearl Limited, a wholly-owned subsidiary of OCBC Bank, has been dissolved on 19 January 2016.

Barclays PLC to shut Indian equities in costs drive -sources - Reuters

Monday, 4 Jan 2016 01:38am EST

Barclays PLC:Barclays Plc BARC.L is to close its Indian equities business as part of efforts to cut costs and boost profit, two sources with direct knowledge of the plan said on Monday. - RTRS.The British bank's equities business in India, which was rolled out in 2011, includes research and broking for institutional investors, and employs some two dozen people, the sources told Reuters. - RTRS.Barclays is midway through a three-year cost-reduction plan, which involves shedding 19,000 jobs, or about 14 percent of its global workforce. In November, the bank put a freeze on hiring until the start of 2016 - RTRS.The planned shut down of Barclays' equities desk in India comes against the backdrop of a drop in the local stock market - the broader Mumbai stock market index .NSEI fell 4 percent in 2015 - and tough competition from Indian rivals - RTRS.

Caixa Economica Montepio Geral announces reorganization of its structure

Thursday, 31 Dec 2015 11:23am EST

Caixa Economica Montepio Geral:Says that according with the strategic planning approved at the extraordinary general meeting it was decided to sell the whole stake of Montepio Seguros SGPS SA to Montepio Geral - Associacao Mutualista at the book value of 65.1 million euros.Says that the reorganization and resizing of Caixa Economica Montepio Geral Group organizational structure will strengthen their capital ratios by 35 bp.

Credicorp Ltd reorganizes its Bolivian business into a holding

Wednesday, 30 Dec 2015 04:10pm EST

Credicorp Ltd:Approves transfer by Banco de Credito del Peru (BCP) of 14,121 shares it owns in Banco de Credito de Bolivia SA (BCB) to Inversiones Credicorp Bolivia SA (ICBSA), indirect unit of Credicorp Ltd.Approves capital injection of $163 million to be carried out by Grupo Credito SA, unit of Credicorp Ltd to ICBSA, in order to acquire all shares of BCB in BCP.As a consequence of these operations, Inversiones Credicorp Bolivia SA will be turned into a holding of Bolivian companies of Grupo Credicorp.


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Provider : Brown Brothers Harriman & Co.
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Provider : Brown Brothers Harriman & Co.
Provider : Brown Brothers Harriman & Co.
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