All articles by Verdict Staff
Verdict Staff
RBC personal & commercial banking unit net income jumps 23% in Q1
The personal & commercial banking arm of Royal Bank of Canada (RBC) has reported net income of C$1.59bn for the first quarter of fiscal year 2017, a 23% surge compared to C$1.29bn the prior corresponding period.
Santander taps IBM to develop enterprise iOS apps
Santander has selected technology vendor IBM to develop a suite of iOS apps for its employees to drive customer engagement.
UK digital lender Monzo raises further £19.5m to support growth
Monzo, a mobile-only bank based in the UK, has raised an additional £19.5m from a range of investors.
First Trust Bank to downsize branch network
First Trust Bank, part of the AIB Group, is set to shutter 15 branches across the north of Ireland in 2017 in response to customers’ increasing adoption of digital banking services.
Bharti Airtel buys stake in fintech startup Seynse Technologies
Telecom operator Bharti Airtel has purchased a strategic equity stake in Indian financial technology firm Seynse Technologies for an undisclosed sum.
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RBS loss soars to £6.95bn in 2016
RBS has posted an attributable loss of £6.95bn for the year ended 31 December 2016, compared with a loss of £1.98bn a year ago.
BBVA raises stake in Turkish bank Garanti
Spanish banking group BBVA has acquired an additional 9.95% stake in Turkey’s Garanti Bank from Dogus Holding in an €859m deal.
Barclays swings back to profit in 2016
British banking group Barclays has posted attributable profit of £1.6bn for the year 31 ended December 2016, compared to a loss of £394m in the previous year.
UK and Canada regulators collaborate to support fintech innovation
The UK’s Financial Conduct Authority (FCA) has signed an agreement with Canadian regulator Ontario Securities Commission (OSC) to support fintech startups in the two jurisdictions.
HSBC names new chief for Singapore business
British banking group HSBC has named Tony Cripps, currently head CEO of HSBC Australia, as new CEO of its Singapore operation, effective 3 April 2017.