 | |
| Industry | Banking |
|---|---|
| Founded | January 2000 |
| Defunct | May 25, 2006 |
| Fate | Acquired by Barclays |
| Headquarters | Wilmington, Delaware |
Key people | Richard Vague, CEO Jim Stewart, President |
| Products | Direct bank Credit cards |
Juniper Bank was a direct bank based in Wilmington, Delaware. The bank focused on branded credit cards.
The bank was founded in January 2000. It received financing from Benchmark Capital.
In November 2000, the bank began offering insurance products. [1]
In September 2001, the Canadian Imperial Bank of Commerce acquired 51% of the company. [2]
In August 2002, the Canadian Imperial Bank of Commerce made an additional $50 million investment in the company, bringing its ownership stake to 89%. Benchmark Capital sued, claiming that the terms of the offering were not fair. [3]
In November 2002, the bank signed a deal with Airtran Airways to offer a branded credit card. [4]
In 2004, the bank was acquired by Barclays. [5] [6]
In May 2005, the bank began offering a Harvard University branded credit card. [7]
In August 2005, the bank invested $455 million to market a US Airways branded credit card. [8]
On May 25, 2006, the bank was folded into Barclays credit card division and renamed. [9]
Citigroup Inc. or Citi is an American multinational investment bank and financial services corporation incorporated in Delaware and headquartered in New York City. The company was formed by the merger of Citicorp, the bank holding company for Citibank, and Travelers in 1998; Travelers was spun off from the company in 2002.
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MBNA Corporation was a bank holding company and parent company of wholly owned subsidiary MBNA America Bank, N.A., headquartered in Wilmington, Delaware, prior to being acquired by Bank of America in 2006.
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Malayan Banking Berhad is a Malaysian universal bank, with key operating "home markets" of Malaysia, Singapore, and Indonesia. According to the 2020 Brand Finance report, Maybank is Malaysia's most valuable bank brand, the fourth-top brand amongst the Asean countries and ranked 70th among the world’s most valuable bank brands.
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CIBC FirstCaribbean International Bank (FCIB) is a financial services company based in Barbados and the Caribbean subsidiary of the Canadian Imperial Bank of Commerce (CIBC). The bank was founded in 2002 as FirstCaribbean International Bank through the merger of the Caribbean operations of Barclays Bank and CIBC, and in March 2006 both CIBC and Barclays announced that Barclays wished to exercise their option to exit the Caribbean venture completely resulting in CIBC gaining majority-control of the bank. In June 2011, it was announced the bank would be renamed CIBC FirstCaribbean Bank "to be more closely aligned to the CIBC brand, while still maintaining the FirstCaribbean name and local identity." The majority of the bank's revenues are generated by its operations in Barbados, the Bahamas and the Cayman Islands.
The First Boston Corporation was a New York–based bulge bracket investment bank, founded in 1932 and acquired by Credit Suisse in 1988. After the acquisition, it operated as an independent investment bank known as CS First Boston until 2006, when the company was fully integrated into Credit Suisse. In 2022, Credit Suisse revived the "First Boston" brand as part of an effort to spin out the business.
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