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Atom bank awarded £10 million BCR grant to boost lending to SMEs

The grant is one of four from Pool C of the £425m Capability and Innovation Fund (CIF), that forms part of a £775 million package administered by Banking Competition Remedies Ltd. Atom, which has already lent in excess of...

Mastercard Advances Its Leadership Position as a Multi-Rail Payments Company with the Acquisition of Nets Account to-Account Payment Business

Mastercard announced it has entered into an agreement to acquire the majority of the Corporate Services businesses of Nets, a leading European PayTech company, for €2.85 billion (approximately US$3.19 billion). The acquisition comprises the clearing and instant payment services, and...

Rabobank Posts EUR 1.2 Billion Net Profit in First Half-Year of 2019

In a challenging environment, Rabobank has made progress on achieving most of its strategic objectives in the first six months of the year. Net profit for the first half-year was EUR 1.2 billion. From the Chairman of the Managing Board,...

HSBC appoints Barry O’Byrne interim Chief Executive, Global Commercial Banking

HSBC Holdings plc announces the appointment of Barry O’Byrne as interim Chief Executive of Global Commercial Banking (CMB), subject to regulatory approval, succeeding Noel Quinn. This change follows Mr Quinn’s appointment as interim Group Chief Executive, succeeding John Flint. Mr...

Alera Group Acquires Benefit Commerce Group

Alera Group, an independent national insurance brokerage and wealth management firm, announced its acquisition of Benefit Commerce Group, an award-winning, results-driven employee benefits consulting firm located in Scottsdale, Arizona. Benefit Commerce Group has had strong growth over the past 10...

Howden partners with Cytegic for cyber risk assessment automation

Howden, the retail broking unit of Hyperion Insurance Group, has partnered with cyber risk assessment services provider Cytegic to automate cyber risk assessment and financial impact analysis across global insurance markets. Cytegic is a cyber risk assessment company that developed...

Alera Group acquires HighRidge Insurance Services

Alera Group, a leading national insurance firm announced its acquisition of HighRidge Insurance Services. HighRidge, located in Westlake Village, California, provides employee benefits services to clients throughout the state. With an emphasis in strategy consulting, the firm designs benefit...

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