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Tuesday 02nd of November 2010

News Tag: integration

April 14, 2010

Rob Devey appointed to lead Pru’s Asia integration

by Kay Murchie
Rob Devey appointed to lead Pru’s Asia integration
Prudential has today announced it has appointed Rob Devey to head up its integration of AIA, the Asian arm of US company American International Group (AIG), which it acquired in a deal worth $35.5 billion (£23.3 billion) last month. Pru, which is Britain’s second largest insurer, said the deal provided it with the opportunity to create South East Asia’s leading ...



February 4, 2010

Santander profit grows 13%

by Kay Murchie
”Santander
Spanish banking giant Santander has today revealed a 13% rise in fourth-quarter net profit to €2.2 billion (£1.9 billion). Meanwhile the bank, which is the second largest banking group in the world after HSBC, said gross income grew almost 24% to €10 billion. For the 2009 year as a whole, net profit was up 1% to €8.94 billion, with good performances in continental Europe, Latin ...



January 11, 2010

Santander begins rebranding of Abbey and B&B

by Kay Murchie
Santander begins rebranding of Abbey and B&B
Spanish banking giant Santander is to begin its integration of UK High Street banks - Abbey and Bradford & Bingley (B&B;). Santander, which is the second largest banking group in the world after HSBC, became a household name in the UK when it acquired Abbey for £9.5 billion, back in 2004. In July 2008, it rescued troubled mortgage lender, Alliance ...



August 31, 2009

Lloyds considering Halifax agency counter closures

by Kay Murchie
”Lloyds
Lloyds Banking Group is considering more job losses as the bank plans to close more than 300 “agency” counters run by its Halifax subsidiary in the offices of estate agents, solicitors or financial advisers. Agency counters are not Halifax branches and their staff are employed by the agent as part of their wider business and the closures are part of the process ...