BMO has been named the No. 1 Foreign Exchange Bank in the Guangzhou region by the China Foreign Exchange Trading System (CFETS). This is the seventh year that BMO has earned this prestigious distinction. There are 29 member banks in the Guangzhou jurisdiction and BMO is the only market maker.

Recent research, analysed by Mintel on behalf of the BBC’s Watchdog viewers, has underlined the general apathy amongst British consumers when it comes to seeking out a provider for their day-to-day banking needs which is in stark contrast to the growing numbers of people opting out of marriages, business partnerships and employment.

Misys plc (FTSE: MSY.L)(LSE: MSY), the global application software and services company, today announces that Rafidain Bank, the largest state bank in Iraq, has selected an integrated turnkey core banking solution from Misys and B-Plan Information Systems.

Florida Bank Group, Inc. (FBG), a Tampa-based bank holding company, today announced: (i) the combination of its operations in the greater Jacksonville area, which will operate under the name Florida Bank of Jacksonville, (ii) the opening of Florida Bank of Sarasota in Sarasota, and (iii) the establishment of Florida Bank Mortgage.

Twice a day, someone walks into the office of consumer lawyer Michael Mack, overwhelmed by credit card debt, with the belief that the only way out is through bankruptcy or credit counseling. However, an overlooked legal strategy exists that is a legitimate alternative to bankruptcy and credit counseling.

The U.S. subprime mortgage crisis has forced banks to enter 2008 in a reactive mode. New research from TowerGroup examining the top retail banking trends for 2008 finds that bankers are anxious on two fronts. First, they worry about unseen threats that may not yet have surfaced in their credit portfolios. Second, they fret over how their institutions can compete rationally during the volatile days ahead.

Citygroup's Results Reflect Write-Downs on Sub-Prime Related Direct Exposures in Fixed. Citigroup Reports Income Markets and Increased Credit Costs Related to U.S. Consumer Loans, Record Results in International Consumer, Transaction Services and Global Wealth Management, Strong Business Volumes; Average Deposits Up 21%, Average Loans Up 19%.

People shopping for mortgages or refinancing their homes will be better protected from fraud by a combination of the Banking Department's five new anti-fraud initiatives and approval of pending reform legislation when the General Assembly returns to Harrisburg next week.

The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 5.5%.

Reverse mortgage are seeing a dramatic increase in popularity. Lenders and banks are beginning to realize this and are making a shift towards the reverse mortgage market.

Webster Bank, National Association, a subsidiary of Webster Financial Corporation (NYSE: WBS) announced today plans to reorganize and streamline its Mortgage Banking Group to maximize support for Webster's direct and retail banking activities.

The European Central Bank is offering banks unlimited emergency loans at below market rates, in a co-ordinated bid to inject liquidity into the money markets.