All articles by Verdict Staff
Verdict Staff
BankDhofar rolls out exclusive credit card for SMEs in Oman
Oman-based BankDhofar has introduced its latest credit card exclusively for the small and medium-sized enterprise (SME) customers in the country.
Siemens to set up merchant bank in Singapore
Siemens Bank, the financing arm of Germany-based technology giant Siemens, has obtained a licence from the Monetary Authority of Singapore (MAS) to operate as a merchant bank in the country.
Trade union warns of layoffs over Lloyds’ £1.3bn outsourcing deal with IBM
Lloyds Trade Union (LTU) expressed concerns of mass layoffs over the £1.3bn outsourcing deal that Lloyds Banking Group is likely to sign with IBM.
HSBC names AIA CEO as new chairman
HSBC has named AIA Group‘s CEO Mark Tucker as its new chairman, breaking the tradition of appointing insiders to the chairmanship.
Wirecard to buy Citi’s merchant acquiring business in 11 markets in Asia Pacific
German payment services provider Wirecard has agreed to buy the customer portfolio of Citi’s merchant acquiring business in 11 markets in Asia Pacific.
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Singapore and Japan form FinTech cooperation framework
The Monetary Authority of Singapore (MAS) and the Financial Services Agency (FSA) of Japan have set up a Co-operation Framework to strengthen FinTech linkages between both countries.
DBS and Xero collaborate to help SME in financial management
Singapore-based DBS Bank and cloud-based accounting platform Xero have formed a strategic partnership to help SMEs in Singapore to manage their financials and access capital.
First Busey to take over Mid Illinois Bancorp in $133.4m deal
Illinois-based First Busey, the parent of Busey Bank, has agreed to acquire local lender Mid Illinois Bancorp, the parent of South Side Trust & Savings Bank of Peoria, in a deal worth about $133.4m.
Misys to merge with D+H in $2.2bn collaboration
Private equity firm Vista Equity Partners has agreed to acquire D+H, a Canada-based provider of financial software solutions.
Diebold Nixdorf to shut down production facility in Hungary
Diebold Nixdorf is planning to shut down its production facility located near Budapest in Gyal, Hungary, as part of the company’s recently announced DN2020 multiyear business transformation programme.