Banking industry
Investor Broadcast Network, formerly known as Vcall, has made a significant impact on the financial industry by providing a platform for investors to access corporate investor relations conference calls. With its services, including Vcall, RadioWallStreet, and Investor Conference broadcasts, the company has enabled more than 450,000 registered users to
Banking industry
Washington Mutual, a leading financial services company, has partnered with GHR Systems and Framework to develop an advanced mortgage origination and decisioning platform, dubbed "Optis." The platform aims to increase efficiency, speed up loan processing, and provide improved customer service. The Optis system will service all of Washington
Banking industry
The Australian sharemarket experienced a significant slump yesterday, with the All Ordinaries Index recording a 13.38 point drop to 3071.8, a decline of 0.44%. The fall was led by banking stocks, with ANZ and Westpac losing over 3% of their value each. The slump was attributed to
Banking industry
Australian bank analysts are tipping a strong interim performance from the country's largest banks, ANZ, Westpac, and the National Australia Bank, with an average profit increase of 13% forecast for the six months to March 31. Banks have managed to reduce bad debt charges while controlling costs and
Banking industry
Troy Financial Corporation, the holding company for The Troy Savings Bank, has filed an application with the New York State Banking Department to establish a commercial bank subsidiary called The Troy Commercial Bank. This move is a natural progression for the company, following the successful conversion of The Troy Savings
Banking industry
Peoples Heritage Financial Group, a leading financial institution in New England, has announced its acquisition of Banknorth Group, paving the way for a significant expansion of its presence in the region. Following regulatory approvals, the merger is set to be finalized on or about May 9, 2000, creating a formidable
Banking industry
FSF Financial Corp. has declared a regular quarterly dividend of 12.5 cents per share of common stock, to be paid on May 15, 2000, to stockholders of record on May 1, 2000. The dividend announcement comes after the company's Board of Directors reviewed preliminary operating results for
Banking industry
A four-year hiatus is set to end as ABN AMRO North America Inc. positions itself to make a return to the US bank merger market. The subsidiary of Dutch-owned ABN AMRO Bank N.V. is reportedly considering a bid for Dime Bancorp Inc., New York's largest thrift, which
Banking industry
National Australia Bank Ltd, a major financial institution, has agreed to acquire MLC Ltd, a significant earnings powerhouse, for $A4.56 billion ($US2.71 billion). This strategic move catapults the bank into the funds management major league. Investors have welcomed the deal, resulting in a marked increase in NAB'
Banking industry
Market participants were encouraged by a record-breaking performance of the Nasdaq Composite Index on Friday, leading to a surge in investment in the technology and media sectors. The renewed interest in these stocks was reflected in the All Ordinaries Index's 19.1-point gain to 3187.3. Despite a
Banking industry
German insurer Allianz, a key architect of the proposed merger between Dresdner Bank and Deutsche Bank, has been put on notice that Dresdner could now be a takeover target, following the collapse of the €33bn deal. The dispute centered around the future of Dresdner Kleinwort Benson, the London-based investment banking
Banking industry
The merger of Deutsche Bank and Dresdner Bank collapsed on Wednesday, throwing Allianz AG Holding's plans into limbo. The merger's collapse has cast doubts on Allianz's chances of acquiring a prized asset-management business, a retail bank, and another insurance unit. The disagreement between the
