All articles by Verdict Staff
Verdict Staff
Norway’s DNB spins off Vipps mobile payment operations
Norwegian financial services group DNB has spun off its Vipps mobile payment service in an effort to block competition from rival platforms.
Co-operative Bank puts itself up for sale to strengthen capital position
Britain’s Co-operative Bank, which narrowly avoided collapse in 2013, has put itself up for sale in a bid to raise capital and meet regulatory requirements.
CIBC selects Wolters Kluwer’s regulatory reporting software
Canadian lender CIBC has chosen Wolters Kluwer’s OneSumX for regulatory reporting software in the UK and Asia Pacific region.
Salem Five opts for Fiserv core platform and commercial solutions
Salem Five, a mutual bank based in Massachusetts, has chosen Fiserv’s DNA account processing platform to strengthen its digital focus.
Capgemini unveils PSD2-compliant banking solution
Capgemini has unveiled a new open banking solution to help banks and payment service providers (PSPs) to provide services compliant with European Unions Revised Payment Service Directive (PSD2) regulations.
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UniCredit reports 13.6bn loss in Q4
Italian banking group UniCredit has reported a net loss of 13.6bn for the fourth quarter of 2016, compared to a net profit of 153m the year ago.
Societe Generale net income plummets 40.5% in Q4
French lender Societe Generale has reported a net income of 390m for the fourth quarter of 2016, a 40.5% decrease compared to 656m for the same period in 2015.
FB Financial to take over Clayton Bank and American City Bank for $284.2m
Tennessee-based FB Financial, the parent of FirstBank, has agreed to acquire Clayton Bank and Trust and American City Bank (collectively Clayton Banks) in a deal worth about $284.2m.
TSB to trim branch network
UK-based lender TSB has announced plans to shut down 29 branches in response to increasing adoption of digital banking channels by customers.
Commerzbank Q4 profit down 5%
German lender Commerzbank has reported attributable profit of 183m for the fourth quarter of 2016, a 5.2% decrease compared to 193m for the same period in 2015.