Sparebank 1 banks have acquired all shares in Glitnir Bank ASA at a price of NOK 300m. For the time being, the bank will keep its current structure and have its headquarters in Trondheim. The new owners of Glitnir Bank ASA are SpareBank 1 SMN (25%), SpareBank 1 SR-Bank (20%), SpareBank 1 Nord-Norge (20%), 16 other co-operating savings banks (20%) and Sparebanken Hedmark (15%). These banks also own the SpareBank 1 Group. Glitnir Bank has business units in Trondheim, Oslo, Ålesund and Fosnavåg. The bank has 160 employees and a total loan portfolio of NOK47bn. The subsidiary Glitnir Factoring with 26 employees is also included in the transaction.
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