All articles by Verdict Staff
Verdict Staff
UK challenger bank Monzo secures full banking licence
British mobile-only bank Monzo has received a full banking licence from the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA).
Lloyds to shutter 100 branches and slash 325 jobs
British banking group Lloyds is set to close 100 branches as part of a three-year cost-cutting plan, which is expected to affect 325 jobs.
JPMorgan backtracks on Brexit job cuts warning
JPMorgan CEO Jamie Dimon has said the bank will not move many employees out of the UK in the next two years in the wake of Brexit.
Wells Fargo, Finicity sign data sharing pact
Wells Fargo has signed an agreement with financial data aggregator Finicity to share its customer information with the financial apps and services supported by Finicity via an application programming interface (API).
Aditya Birla Nuvo secures payments bank licence from Reserve Bank of India
Aditya Birla Nuvo has received the final approval from the Reserve Bank of India (RBI) to launch a payments bank in India.
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Nomura sets up new subsidiary to promote business development
Japanese bank Nomura has launched a new subsidiary that will focus on new business development and open innovation.
Visa rolls out upgraded transaction data for Amazon Business customers in UK
Visa has rolled out enhanced transaction data for Amazon Business purchases, allowing the customers of the major UK lenders to view their orders in detail.
Bank Mutual to sell five bank branches in Wisconsin
Bank Mutual has agreed to sell five retail bank branches in Wisconsin, including $52.6m in deposits and $13.2m in loans, to another financial institution.
South Korean digital lender K Bank launches operations
K Bank, the first online-only bank in South Korea, has launched banking operations in the country.
Lloyds to shrink branch sizes as customers go digital
British banking group Lloyds is set to reduce the size of hundreds of its branches in response to increasing adoption by digital banking channels by customers.