All GLG News Analyses Filed Under: Commercial & Retail Banking

CheckFree Corp., an eCommerce, payments, and investment services processor, said on Wednesday that it will buy Corillian Corp. for $245 million. This is CheckFree's second acquisition in six weeks (for Carreker Corp.). Corillian adds an online banking software platform to its banking industry solution...

New banks (de novo) continue to open at a steady pace in spite of a tough operating environment. Often founded by bankers who previously worked for larger banks, some of which have been acquired by mega banks, these new banks often try to exploit the local, hometown strategy. For investors, the appeal...

Wincor appears to be gearing up to expand their service corp in the U.S.Looking to boost sales and service to aggressively get it's name out in the U.S.

Key Implications: After a six-month moratorium on pending ILC (Industrial Loan Corporations/Industrial Banks) applications, the FDIC Board of Directors ended speculation on 1.31.07, by announcing its decision to extend the moratorium for one-year, (until 1.31.08) for ILC applications by commercial...

Key Implications:Wells Fargo shared some welcome news with its customers' this week, when they announced the rollout of 825 new ATMs in Central & Northern CA, by the end of 2007, which will offer check imaging technology coupled with no-envelope deposit, extended "cutoff" times and immediate access...

Bank of America met with the North Carolina Bankers Association and the New Hampshire Bankers Association a few months ago, to gain support around its efforts to raise the regulatory cap limits on any U.S. bank from an acquisition that would give it more than 10% of the nation's total bank deposits...

Banking goes mobile as Wells Fargo launches "m-banking" test pilots with its employees, which will allow its customers to access their accounts, pay bills, check their balances and conduct other online banking transactions, conveniently from their cellphone handset.  1.  Citibank, Visa, MasterCard,...

Commercial firms aren't permitted to own banks, however, they can own ILCs (Industrial Loan Corporations/Industrial Banks), which resemble banks and are traditionally used to provide financing to consumers who are customers of the parent company who owns the commercial firm.1.  Incoming Chairman...

Key Implications:As a result of China's WTO Agreement, which grants foreign banks access to China's retail banking sector, the December 11, 2006, deadline came and went without much fanfare, as eight foreign banks sought a license to conduct retail business in China. 1. December 11, 2006, signaled a...

Citigroup, the biggest U.S. bank, last month became the first overseas financial company to manage a Chinese bank. It led a group that paid $3.1 billion for 86 percent of Guangdong Development Bank, a struggling Guangzhou- based lender with 500 branchesForeign Banks Struggling with China valuations.Foreign...