DETROIT, May 16 (UPI) -- GMAC Financial Services says it will rename its banking unit Ally Bank, reflecting its repositioning in the wake of auto industry woes.
FRANKFURT, Germany, Aug. 4 (UPI) -- Germany's biggest bank, Deutsche Bank, will pay $537.2 million to Norisbank, a national retail bank, for nearly 100 branches.
BERLIN, June 21 (UPI) -- German financial giant Deutsche Bank has bought Berliner Bank for about $860 million.
MIAMI, May 17 (UPI) -- Sun American Bancorp is buying privately-held Beach Bank, which operates two branches in Miami County, Fla. The deal for Beach Bank, which has $120 million in assets, will be completed by year's end, Sun American said Wednesday.
SEOUL, Feb. 3 (UPI) -- U.S.-controlled Korea Exchange Bank has terminated transactions with the Macau bank accused of laundering money for North Korea, bank officials said Friday.
SINGAPORE, April 7 (UPI) -- Singaporean bank United Overseas Bank is in talks to buy a stake in PT Bank Buana Indonesia, a small Indonesian lender.
WASHINGTON, March 20 (UPI) -- President George W. Bush Thursday ordered the confiscation of Iraqi bank accounts held in U.S. banks. Bush said the accounts were in the names of the "Government of Iraq, Central Bank of Iraq, Raidain Bank, Rasheed Bank or the State Organization for Marke
