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5th Annual Bancassurance Forum 2012


Briefly

January 19, 2012 Bank of America reports fourth quarter 2011 net income of $2 billion, compared with net loss of $1.2 billion in fourth quarter 2010.

January 18, 2012 Goldman Sachs reports net revenues of $28.81 billion and net earnings of $4.44 billion for the year ended December 31, 2011.

January 5, 2012 ZKB, the largest cantonal bank in Switzerland, told US customers it was closing their accounts.

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Press Release :: Rosbank

Logo RosbankRosbank announces the appointment of Jean-Louis Mattei as Chairman of the Board of Directors. He replaces Philippe Citerne who had chosen to retire.

Jean-Louis Mattei

Born in 1947, Jean-Louis MATTEI holds both a BA and Master's degrees in private law; is a graduate with a Major in Public Service from the Institut d'Etudes Politiques de Paris; and is also a graduate of the Centre d'Etudes Superieures de Banque (CESB).

He joined Societe Generale in 1973. From 1984 to 1988, he was Head of the Group's Organisation Department, then from 1988 to 1992, he served as Chief Executive Officer of SGBCI, SG's Ivory Coast subsidiary. In November 1992, he was appointed Deputy Manager of the Africa and Overseas division before being named its Head in October 1993. In 1995 Jean-Louis MATTEI became Head of the bank's Africa, Middle East and Overseas division. He joined the Group Management Committee in 1997. He has been Head of International Retail Banking for Societe Generale since 1998 and a member of the Group's Executive Committee since 2008. Since December 2006 he has been a member of Rosbank's Board of Directors, and in July 2008 was appointed Deputy Chairman of the Board of Rosbank.

Source: Rosbank
Date: 23.06.2009

Financial News

 Three Swiss bankers indicted by U.S. in tax crackdown - 09.01.2012
U.S. authorities are moving toward taking legal action against Wegelin & Co., which could lead to an indictment of one of Switzerland's last pure private banks, on charges that it enabled wealthy Americans to evade taxes, according to two persons with knowledge of the case.
Source: Reuters
 Islamic finance assets to hit US$ 1.1 trillion in 2012 - 22.11.2011
Islamic finance assets around the world are expected to climb 33% from their 2010 levels to $1.1 trillion by the end of 2012, boosted by the aftermath of the Arab Spring uprisings and dissatisfaction with conventional finance in the wake of the global debt crisis, consultants Ernst & Young said in a report on Tuesday.
Source: Reuters
 Credit union business grows as consumers sour on banks - 07.11.2011
The big banks may have dropped the debit card fees, but the credit unions are the ones picking up the business.
Source: Reuters
 Spanish bank ratings downgraded by Fitch and S&P - 12.10.2011
Two leading credit rating agencies have downgraded some of Spain's largest banks, citing a deteriorating outlook for the Spanish economy.
Source: BBC News
 Spotlight on Islamic Retail Banking – strategies for fast growing industry - 07.10.2011
Islamic Banking is young but fast growing industry what brings challenges as need for standardization, expanding at the market (now < 1% population is banking Islamic Banks), lack of public awareness about Islamic Banking (misinterpretation) and limited resources of qualified people in this particular industry.
Source: Fleming Gulf
 JBIC inks $43bn credit line pact with Japan banks - 05.10.2011
The Japan Bank for International Cooperation (JBIC) said Wednesday that it has signed separate pacts with three major Japanese banks to give them a combined $43 billion, or Y3.3 trillion, credit line, as part of the government's steps to encourage companies to go ahead with M&As overseas.
Source: Nikkei
 U.S. banks begin charging monthly debit-card fees - 01.10.2011
Get ready for a new wave of bank fees. Bank of America will begin charging a $5 monthly fee at the beginning of next year for customers who make debit card purchases.
Source: CNNMoney

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