All articles by Verdict Staff
Verdict Staff
ANZ cash profit surges 31% in Q1
Australia & New Zealand Banking Group (ANZ) has posted cash profit of A$2bn for the first quarter of fiscal 2017, an increase of 31% compared to the quarterly average of the second half of the financial year 2016.
Abu Dhabi, Australia regulators sign cross-border collaboration agreement
Abu Dhabi Global Market (ADGM) and Australian Prudential Regulation Authority (APRA) have inked a memorandum of understanding (MoU) to support cross-border collaboration in their financial markets.
DBS net profit down 9% in Q4
Singapore-based lender DBS has reported a net profit of SGD913m for the fourth quarter of 2016, a 9% decrease compared to SGD1bn for the same period in 2015.
Abu Dhabi, Malta regulators sign cross-border cooperation agreement
Abu Dhabi Global Market (ADGM) and the Malta Financial Services Authority (MFSA) have signed a memorandum of understanding (MoU) to strengthen cross-border cooperation for the supervision of financial institutions.
Credit Agricole net income slumps 67% in Q4
French lender Credit Agricole reported a net income €291m for the fourth quarter of 2016, a 67% slump compared to €882m in the same period of 2015.
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Bank of Cyprus selects Dovetail for payment hub functionality
Bank of Cyprus has tapped payments service provider Dovetail to equip it with payment hub functionality, covering SWIFT, Target2, SEPA Credit Transfer and Direct Debits.
CIBC FirstCaribbean to issue contactless cards
CIBC FirstCaribbean International Bank has decided to issue chip and PIN, and contactless debit as well as credit cards for its Visa cardholders.
MAS establishes data analytics group
The Monetary Authority of Singapore (MAS) has established a new data analytics group (DAG) to improve its supervision of financial institutions.
Temenos to take over banking software provider Rubik Financial
Swiss fintech firm Temenos has agreed to acquire Rubik Financial, a financial software vendor based in Australia.
ABN AMRO retail banking unit underlying profit rises 8% in Q4
The retail banking unit of Dutch lender ABN AMRO has posted an underlying profit of €245 for the fourth quarter of 2016, a rise of 8% compared to €227m for the same quarter of 2015.