All articles by Verdict Staff
Verdict Staff
Bank of Ghana to migrate all banks payment systems to EMV standard
The Bank of Ghana (BoG) is set to migrate all payment systems of banks in the country from magnetic chip to Europay-MasterCard-Visa (EMV) chip-based cards in 2017.
Wells Fargo net income dips 5.5% in Q4; to close 400 branches
US banking group Wells Fargo has announced plans to shut down 400 branches over the next two years.
JPMorgan net income up 24% in Q4
JPMorgan Chase has posted a net income of $6.73bn for the fourth quarter of 2016, an increase of 24% compared to $5.43bn in the previous year.
Bank of America consumer banking unit income rises 10.6% in Q4
The consumer banking unit of Bank of America has reported a net income of $1.92bn for the fourth quarter of 2016, a 10.6% increase compared to $1.73bn a year ago.
First Citizens Bank assumes certain assets and liabilities of Harvest Community Bank
First Citizens Bank, a unit of Raleigh-based First Citizens BancShares, has agreed to acquire certain assets and liabilities of Harvest Community Bank (HCB) of Pennsville, New Jersey.
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Rakuten sets up commercial banking business in Europe
Japanese fintech and e-commerce firm Rakuten has launched commercial banking operations in Europe under the brand name, Rakuten Europe Bank.
Deloitte sets up blockchain lab in New York
Professional services and consulting firm Deloitte has launched a new blockchain research and development lab in New York.
UniCredits 13bn rights issue plan receive shareholders nod
Shareholders of Italian banking group UniCredit have given the go-ahead to the bank’s 13bn rights issue plan.
Airtel Payments Bank goes live across India
Airtel Payments Bank has launched operations in 29 states across India, offering 7.25% interest on savings accounts.
Token and VirtusaPolaris team to enable banks enhance digital offerings
Token, a crypto-payment network based in Silicon Valley, has entered into a strategic partnership with Indian IT and consulting firm VirtusaPolaris to enable banks to build next generation digital products and services.