Israeli banking firm Leumi Group has said that its president and CEO Galia Maor has decided to resign from the company. Ms Maor joined the company in 1991 has been president and CEO of the group since 1995.
Economic growth in the US over the next 12 months is expected to decline to around two percent, significantly lower than the 3.1 percent predicted as late as June 2011, according to the proprietary macroeconomic model of Mellon Capital Management.
Nearly 80 percent of customers in the US expect customer services of health insurer to be easier and more convenient, according to a survey of 1,000 insured individuals commissioned by Accenture.
Most of the European banks are adopting techniques used by retailers to increase their revenues and cross-sell products, according to a survey commissioned by Accenture and UniCredit and conducted by Efma.
Electronic payments processor First Data Corporation has extended its contract with Oldenburgische Landesbank (OLB), a provider of professional financial services, for a further five years.
VeriFone Systems, a provider of secure e-payment solutions, has signed a definitive agreement with Nordic Capital Fund V to acquire Point for E600m, to build out alternative payments infrastructure.
Smart card shipments - including contactless payment cards, EMV and non-EMV payment cards - will reach one billion during 2011, forecasts ABI Research.
The global economic outlook remains positive in spite of a sharp deterioration in investor sentiment towards and within Europe, according to a survey conducted by BofA Merrill Lynch Research with the help of TNS-BRMB.
City Index, part of privately owned company IPGL, has selected Algo Risk Service from Algorithmics, a provider of risk solutions, for intra-day risk exposure tracking.
Okasan Securities, a core firm of the Okasan Securities Group, has selected Fidessa's Japanese trading platform to trade Japanese cash equities and derivatives.