Luxembourg Bankers’ Association (ABBL) and China Banking Association (CBA) have signed a memorandum of understanding (MoU) to establish a regular communication and information sharing between …
Legend Holdings to buy 90% stake in Luxembourg bank
Legend Holdings, a Hong Kong-listed investment group, has agreed to acquire a stake of 89.93% in Banque Internationale a Luxembourg (BIL) for €1.48bn ($1.75bn). The …
Rakuten Europe Bank implements Temenos core banking system
Luxembourg-based Rakuten Europe Bank has gone live on Temenos core banking system to support its European growth strategy.…
Daimler Financial Services takes over PayCash Europe
Daimler Financial Services has announced plans to acquire Luxembourg-based electronic payment services provider PayCash Europe for an undisclosed sum.…
TSYS, Advanzia Bank renew card processing agreement
US-based credit card processor TSYS has renewed its payments agreement with Advanzia Bank, a credit card issuer in Luxembourg.…