Lafferty Retail Banking News

18th March 2010 Senator Dodd unveils new US financial reform bill Senator Christopher Dodd has put forward a financial reform bill that if voted through could dramatically reshape the US banking industry.    more... Ray of hope for India’s rural population Solar-powered ATMs are to be introduced to the Indian market in a deal that has seen an engineering company agree to provide them to the State Bank of India.   more... Erste Group reinforces its retail focus Erste Group has established a position on its management board that is dedicated to retail banking.   more... Scotiabank’s affiliate buys stake in Thai Bank Scotiabank’s Thailand affiliate Thanachart Bank has agreed to acquire almost 48 percent of Siam City Bank.   more... UK body expects progress on unarranged overdrafts The UK’s Office of Fair Trading (OFT) says that its discussions with major financial institutions are likely to give customers a greater choice about whether or not to have an unarranged overdraft facility.    more... Wachovia reaches settlement over money laundering allegations Wachovia Bank has reached a $160 million settlement with the US authorities concerning allegations that a failure in its compliance procedures led to money laundering.   more... Shinsei Bank to boost stake in APLUS Japan’s Shinsei Bank is to increase its stake in consumer finance organisation APLUS from 66.4 percent to 93.5 percent.   more...