With the ranks of wealthy consumers expanding, particularly in emerging markets, private banking executives have expressed a strong sense of optimism about sector growth in 2008, according to a KPMG International survey. Responses also revealed a heightened appetite for acquisitions across the industry.

Latin American leaders are set to inaugurate the Bank of the South on 9th Dec, the brainchild of Venezuela's President Hugo Chavez, who hopes it will help wean the region off institutions like the IMF.

Bank of England Reduces Bank Interest Rate by 0.25 Percentage Points to 5.5%.

With the Reserve Bank expected to leave official interest rates on hold at today's monthly meeting, the debate over greater transparency of the Board's deliberations has re-emerged.

There are growing fears that the world is headed for a major credit crash because of Enron-style behaviour by the world's biggest investment banks.

Bank of America announced the launch of its new Bank the Way you Live online banking microsite bankofamerica.com, where in one place, customers with on-the-go lifestyles can learn how to break free of conventional banking and find the freedom and control to manage their personal finances online or via mobile or smart phone, courtesy of the number one online bank.

Authorities have arrested a man who walked to the Regions Bank in Clearwater, South Carolina, presented a fake million dollar bill and said "I would like to open a bank account with this million dollar bill..."

Cisco (NASDAQ: CSCO) and IBM (NYSE: IBM) today announced joint front office solutions that are poised to transform the retail banking experience by enhancing customer interaction and collaboration across all types of delivery channels, such as branches, contact centers and self-service kiosks.

According to a recent RBI study, people are generally using their debit cards to withdraw cash rather than to make payments directly while buying goods.

The head of one of the world's biggest investment banks is reportedly preparing to resign, after presiding over one of the worst losses in the history of Wall Street.

The launch of an e-Savings product from AmTrust Direct (division of Amtrust Bank) is a vehicle to help customers achieve savings goals by opening a high rate product.

Venezuela's leftist government is leading Brazil, Argentina and other regional economies in creating a new bank with the ambition of casting off unwelcome oversight by the IMF and World Bank.