All articles by Verdict Staff
Verdict Staff
Fidelity Commercial Bank secures shareholders nod for acquisition by SBM Holdings
Kenyas Fidelity Commercial Bank has received shareholders approval for its sale to Mauritian financial services group SBM Holdings.
Deutsche Bank to pay $95m to resolve US tax evasion allegations
Deutsche Bank has agreed to pay $95m to settle a US government civil lawsuit that alleged the bank of using shell companies to dodge taxes.
UK digital bank Monese raises $10m to drive expansion in Europe
Monese, a British digital bank founded by Norris Koppel, has raised $10m in funding from several investors to expand its services across Europe.
UK watchdog finds competition concerns with MasterCard’s takeover of VocaLink
The UK Competition and Markets Authority (CMA) has found that MasterCard’s planned £700m acquisition of UK-based VocaLink may reduce competition in the supply of ATM network services in the country.
BNP Paribas names group head in Germany
BNP Paribas has appointed Lutz Diederichs as its group head in Germany and chairman of the group management board in the country.
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Chinese consortium launches $1.4bn fintech fund
A consortium of Chinese firms has launched RMB10bn ($1.44bn) fintech fund to focus on mergers and acquisitions in the regions fintech space.
House of Fraser invests £35m in UK digital bank Tandem
UK-based department store chain House of Fraser has made a £35m investment in Tandem, a digital-only UK retail bank founded by Ricky Knox and Matt Cooper in 2014.
Paytm receives regulatory nod to launch payments bank
Mobile payments firm Paytm has secured regulatory approval from the Reserve Bank of India (RBI) to set up a payments bank.
ANZ to offload 20% stake in Shanghai Rural Commercial Bank for $1.33bn
Australia and New Zealand Banking Group (ANZ) has agreed to sell its 20% stake in Shanghai Rural Commercial Bank (SRCB) to China Cosco Shipping and Shanghai SinoPoland Enterprise Management Development.
CIMB to sell 18.21% stake in Bank of Yingkou for $216.6m
Malaysias CIMB Group Holdings has agreed to offload its 18.21% stake in Chinas Bank of Yingkou (BYK) to investment holding firm Shanghai Guozhijie Investment Development in an all-cash deal valued at MYR972m ($216.6m).