Business - Banking latest news

Wells Fargo Insurance services has appointed Michael Boros as a new managing director in its Fort Wayne, Indiana office.

The UK's National Association of Pension Funds has launched FD PensionsConnection, a new service aimed at providing information and support to financial professionals involved in their organization's workplace pension.

Australia and New Zealand Banking Group has introduced ANZ Access Limited, a new transaction account which is free of exception fees.

Tesco personal finance has launched the Tesco Travel Money Card, a new card that aims to help customers budget their holiday spending and reduce the risk of fraud.

Societe Generale, a provider of financial services, has acquired a 15% stake in Vietnam's South-East Asia Bank. The transaction has been approved by the State Bank of Vietnam, the country's central bank.

National City Corporation has opened its new state headquarters at 411 East Wisconsin Center in downtown Milwaukee, relocating employees from its current offices in Brookfield.

Vineyard National Bancorp, the parent company of Vineyard Bank, and other subsidiaries, has reported a loss of $62.5 million, or $6.46 per common share, for the second quarter ended June 30, 2008, compared to net earnings of $6 million, or $0.53 per diluted common share, for the same period of 2007.

Parke Bancorp, which provides personal and business financial services to individuals and small to mid-sized businesses, has appointed Steven Meddick as executive vice president and CFO.