BSCH will acquire 40% of the Champalimaud holding company, which has shareholdings in major companies in Portugal in the area of insurance (Mundial Confiança), retail banking (Banco Pinto e Sotto Mayor-BPSM), Banco Totta Açores-BTA) and Crédito Predial Portugues), and in wholesale banking. At the same time, Champalimaud will acquire 1.6% of BSCH, in exchange for the 40% of its holding company. In the area of retail banking, the agreement also involves BPSM taking a 48% stake in Grupo Santander Central Hispano in Portugal and 20% of the BSCH subsidiary in Brazil, as a result of which Grupo Champalimaud will make its entry to the Brazilian market. In wholesale banking activities, the two partners will set up a jointly owned holding company, controlling their respective activities in Portugal.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more