China Merchants Bank fell 2.6% and Bank of Communications lost 2% in Hong Kong while Tokyo-listed Shinsei Bank fell 5.2%.
By contrast, China Merchants Bank (CMB) is fairly nimble, with 800 branches and a strong presence in private banking and small and medium-size enterprises (SMEs).
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China Merchants Bank's mortgage book grew by 70% in 2009.
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The morning after the master class, we drove far out of Beijing to the Ah Rong television studios, where Lang was scheduled to film a commercial for the China Merchants Bank.
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Bank of America's decision last month to lay off 30, 000 employees is a direct consequence of various Congressional edicts limiting how much the bank can charge merchants or how it can handle delinquent borrowers.
They'll be able to cash in and cash out at such merchants, too -- no bank branches required.
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Minsheng had 374 outlets at the end of 2008, 300 fewer than China Merchants, the largest joint-stock bank.
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But many individuals and businesses already use bill payment services provided by many merchants and financial institutions such as Wells Fargo, Chase, Bank of America, and others.
An NFC-based mobile payments service that lets consumers make payments to merchants and other consumers via a credit or debit card, directly from their bank account or using credit stored in their iTunes account.
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Or even the National Bank: which is where almost all of those coins that the scrap merchants see come from.
These changes will impact those companies that collect fees from merchants such as Visa and MasterCard and pass these on to the issuing banks such as Bank of America and JP Morgan.
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American Express has announced some bank partnerships, and Discover has been working to get its cards accepted by more merchants.
Zions Bank has one of the most successful cash rewards card programs around, with hundreds of merchants participating in the Utah area.
An association with the Visa brand helps a customer (bank and other financial institution) to attract consumers by providing them with a large network of Visa merchants and ATMs. Thus participation in Visa card programs is beneficial for banks and other financial customers.
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