Central Bank of India and Wipro have signed a five-year total outsourcing agreement to provide technology-driven, core banking solution for seven sponsored regional rural banks (RRBs).

BankServ and NetDeposit, a provider of payment technologies, have signed a definitive agreement wherein BankServ will acquire substantially all of the assets of NetDeposit, a wholly-owned subsidiary of Zions Bancorporation.

Northern Trust has appointed Wim van Ooijen as country head for the Netherlands, succeeding Eric Pouwels, who has been named director of strategic development for Europe, Middle East and Africa (EMEA).

Northern Trust, a provider of investment management and fund administration services, has said that its application for a branch license in Beijing has been approved the China Banking Regulatory Commission (CBRC).

Digital security provider Gemalto has reported a revenue of E840m for the first half of 2010, an increase of five percent compared to E800m for the same period in 2009.

Financial services company Credit Suisse is expanding its range of Exchange Traded Funds (ETF) to include 13 new products, the majority of which are on emerging markets.

California United Bank (CUNB) and California Oaks State Bank (COSB) have entered into a merger agreement providing for California United Bank to acquire California Oaks State Bank.

Sterling Financial Corporation (Sterling), a bank holding company of Sterling Savings Bank, has agreed to raise a total of $730m in new capital from institutional, private equity and other accredited investors. The transaction is expected to close on or about the August 26, 2010.

SWS Group, a US-based financial services company, has named James Ross, president and CEO of the company's principal brokerage subsidiary, Southwest Securities, to its board of directors and to serve as interim CEO until the SWS board names an executive to fill the CEO position on a permanent basis.