Monarch Financial Holdings, the parent of Monarch Bank, has sold $2.1 million of common stock in the second closing of a private placement in which it sold a total of 774,110 shares of common stock with gross proceeds of $7.2 million in additional equity capital.

Citibank has launched its new total travel card, Citi PremierMiles Platinum Visa Card, in Hong Kong.

Cash America International, a provider of specialty financial services, has appointed Dennis Weese as the new president and COO of its retail services division.

Hartford Investments Canada, the manager of Hartford mutual funds, has announced that it will be expanding its line-up of core mutual fund solutions with the launch of Hartford Global High Income Fund and the addition of T Unit purchase options on eight Hartford mutual funds.

Citibank Korea has launched its new collections service unit, Citi Credit Service. This new entity replaces the former Citibank Korea collections department.

New research from retirement and savings company LV= has revealed that almost seven million people facing retirement in the UK are more confused than ever about the complexity of current tax legislation and rules, complaining that they are changing so fast that information on what is right one month, may change to be wrong the following month.

The Swedish Export Credit Corporation has been granted permission to issue baht-denominated bonds in Thailand.

Cisco has announced that Eurobank EFG in Serbia has implemented its service-oriented network architecture and branch optimization solution to create a network that serves as the platform for rapid growth.

Kiwibank has reduced home loan interest rates, bringing most fixed rates below 9% per annum. The key three-year rate has been reduced to 8.79% per annum.

Deutsche Bank has appointed Bernardo Parnes as a managing director and chief country officer for Deutsche Bank Brazil and a member of the Deutsche Bank americas executive committee.