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Commerzbank CFO Says Very Happy As CFO And To Work With Future CEO

Thursday, 5 Nov 2020

Nov 5 (Reuters) - Commerzbank AG ::COMMERZBANK CFO SAYS VERY HAPPY AS CFO AND TO WORK WITH FUTURE CEO.

Guaranty Trust Bank Gets In-Principle Nod Of Cbn To Start Reorganisation To A Financial Holding Co

Thursday, 5 Nov 2020

Nov 5 (Reuters) - Guaranty Trust Bank PLC ::GUARANTY TRUST BANK - OBTAINED APPROVAL-IN-PRINCIPLE OF CBN TO COMMENCE FORMAL PROCESS OF REORGANISATION OF BANK TO A FINANCIAL HOLDING COMPANY.

Northeast Community Bancorp Announces Adoption Of Plan Of Conversion And Reorganization

Wednesday, 4 Nov 2020

Nov 4 (Reuters) - Northeast Community Bancorp Inc ::NORTHEAST COMMUNITY BANCORP, INC. ANNOUNCES ADOPTION OF PLAN OF CONVERSION AND REORGANIZATION.NORTHEAST COMMUNITY BANCORP INC - PURSUANT TO PLAN OF CONVERSION, MHC WILL SELL ITS MAJORITY OWNERSHIP IN COMPANY TO PUBLIC AND COMPANY.NORTHEAST COMMUNITY BANCORP - IN SECOND STEP CONVERSION, BANK WILL BECOME UNIT OF NEW HOLDING CO TO BE FORMED IN CONNECTION WITH DEAL.NORTHEAST COMMUNITY BANCORP INC - REGULATORY APPROVAL OF DEAL ANTICIPATED IN Q2 OF 2021.

Russia's Rosbank To Merge With Its Subsidiary Rusfinance Bank In 2021

Tuesday, 3 Nov 2020

Nov 3 (Reuters) - Rosbank says::BOARD DECIDES ON MERGER WITH ITS SUBSIDIARY RUSFINANCE BANK IN 2021.

Banca Carige Approves Territorial And Operational Reorganization

Thursday, 15 Oct 2020

Oct 15 (Reuters) - Banca Carige SpA Cassa di Risparmio di Genova e Imperia ::BANCA CARIGE - BOARD APPROVES TERRITORIAL AND OPERATIONAL REORGANIZATION.

Siauliu Bankas Announces Optimization Of The Structure Of Its Subsidiaries

Thursday, 15 Oct 2020

Oct 15 (Reuters) - Siauliu Bankas AB ::ANNOUNCES OPTIMIZATION OF THE STRUCTURE OF ITS SUBSIDIARIES.SAYS THE BANK WILL HAVE THREE DIRECTLY CONTROLLED SUBSIDIARIES OPERATING IN LEASING, LIFE INSURANCE AND REAL ESTATE MANAGEMENT.SAYS STRATEGY AND ACTIVITIES OF SB LIZINGAS UAB AND LIFE INSURANCE SB DRAUDIMAS UAB WILL NOT CHANGE.SAYS THE COMPANIES WORKING WITH FORECLOSED ASSETS WILL BE REORGANIZED BY MERGING SBTF UAB AND PAVASARIS UAB.SAYS SIAULIU BANKO INVESTICIJU VALDYMAS UAB WILL BE LIQUIDATED.SAYS 100% STAKE IN UAB MINERA OWNED BY THE BANK IS PLANNED TO BE SOLD THROUGH A PUBLIC TENDER.

Westpac To Consolidate International Operations, Exits China and other countries

Wednesday, 14 Oct 2020

Oct 14 (Reuters) - Westpac Banking Corp ::WESTPAC TO CONSOLIDATE ITS INTERNATIONAL OPERATIONS-WBC.AX.DECIDED TO CONSOLIDATE ITS INTERNATIONAL OPERATIONS INTO THREE BRANCHES; SINGAPORE, LONDON AND NEW YORK.DECISION MEANS GROUP WILL EXIT OPERATIONS IN BEIJING, SHANGHAI, HONG KONG, MUMBAI, AND JAKARTA.PRIORITY IS TO FOCUS ON CORE AUSTRALIAN AND NEW ZEALAND CUSTOMERS AND TO SUPPORT THEM IN AREAS WHERE WE HAVE SCALE AND CAPABILITY.CHANGES ARE ARE PLANNED TO IMPROVE GROUP'S CAPITAL EFFICIENCY, INCLUDING BY REDUCING RISK-WEIGHTED ASSETS BY OVER $5 BILLION.CHANGES ARE NOT EXPECTED TO HAVE SIGNIFICANT IMPACT ON CASH EARNINGS AND, OVER TIME, ARE PLANNED TO IMPROVE GROUP'S CAPITAL EFFICIENCY.

mBank Decides To Liquidate Unit mFinance France

Tuesday, 13 Oct 2020

Oct 13 (Reuters) - mBank SA ::DECIDES TO LIQUIDATE UNIT MFINANCE FRANCE.

Fulton Financial Says Approved Plan To Close 21 Financial Center Offices Consolidate Operations Of Those Offices Into Nearby Financial Centers Operated By Bank

Thursday, 1 Oct 2020

Oct 1 (Reuters) - Fulton Financial Corp ::FULTON FINANCIAL-APPROVED PLAN TO CLOSE 21 FINANCIAL CENTER OFFICES, CONSOLIDATE OPERATIONS OF THOSE OFFICES INTO NEARBY FINANCIAL CENTERS OPERATED BY BANK.FULTON FINANCIAL- FINANCIAL CENTER OFFICES BEING CLOSED ARE LOCATED IN MARYLAND, NEW JERSEY,PENNSYLVANIA, AND INCLUDE FIVE LIMITED SERVICE FACILITIES.FULTON FINANCIAL CORP - FINANCIAL CENTERS ARE EXPECTED TO CLOSE ON OR ABOUT JANUARY 8, 2021.FULTON FINANCIAL CORP - IN CONNECTION WITH FINANCIAL CENTER CLOSURES, CO EXPECTS TO INCURPRE-TAXCOSTS OF ABOUT $11.5 MILLION.FULTON FINANCIAL CORP - THESE COSTS ARE EXPECTED TO BE RECOGNIZED IN THIRD AND FOURTH QUARTERS OF 2020, AND Q1 OF 2021.FULTON FINANCIAL - EXPECTS CLOSURE OF THESE FINANCIAL CENTERS WILL REDUCE ANNUAL PRE-TAX OPERATING EXPENSE BY ABOUT $7 MILLION, BEGINNING IN Q1 OF 2021.

Access Bank Receives C. Bank Of Nigeria's Approval For Bank's Restructuring

Tuesday, 29 Sep 2020

Sept 29 (Reuters) - Access Bank Plc ::ACCESS BANK PLC - RECEIVED CENTRAL BANK OF NIGERIA'S APPROVAL-IN-PRINCIPLE FOR THE BANKS RESTRUCTURING TO A HOLDING COMPANY.ACCESS BANK - ALSO ANNOUNCES DEFINITIVE AGREEMENTS TO BOLSTER ITS MARKET POSITION IN MOZAMBIQUE AND ENTER S. AFRICAN MARKET.

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