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Confirmation of a joint venture could come as early as next week, according to the Financial Times, though rumors of a possible deal between the British insurer and
According to Malaysian press sources, Southern Bank Berhad (SBB) proffered a bid of SGD12.25 per share for the insurer, approximately 1.4 times its net asset value. The purchase
By the end of last year Koizumi had formalized a policy to divide Japan’s state-operated Japan Post into four separate entities; postal savings, postal life insurance, mail delivery
The bank’s Shanghai branch started selling Ping An insurance products on August 1, with Beijing, Shenzhen and Guangzhou branches expected to follow suit in September. According to Bloomberg,
ING reported second-quarter earnings of E1.55 billion, down 6.6% on the same period in the previous year. The results, however, beat analyst estimations, as consumer and online banking
LIC, among India’s largest insurers, is reportedly in talks with global card companies like Mastercard, Visa International and Barclays to develop the proposed card. The move into the
Through its lender Dah Sing Bank, the group will acquire all of Banco Comercial de Macau (BCM) and 96% equity interests in BCM’s general and life insurance subsidiaries,
Continuous monsoon rains damaged the lease lines and servers that connect banking branches to the rest of the country. Many ATMs and vital bank power supplies were hit,
According to research carried out by the Institute for Public Policy Research (IPPR), if the UK pensions system is to be sustainable in the future, the state pension
According to Japanese press sources, Mr Koizumi aims to gain approval for the privatization of the postal system, which incorporates the world’s biggest bank, by August 13. The