All articles by Verdict Staff
Verdict Staff
KBC Group to take over United Bulgarian Bank and Interlease
Belgiums KBC Group has agreed to acquire United Bulgarian Bank (UBB) and Bulgarian leasing services provider Interlease from National Bank of Greece (NBG) in a deal worth 610m.
Indian government launches mobile payment app to promote cashless transaction
Indian government has introduced a new mobile payment app, called Bharat Interface for Money (BHIM) that will allow users to make transaction using thumb impression.
Whitney Bank to buy nine branches from First NBC Bank
Whitney Bank, the banking unit of Hancock Holding Company, has agreed to acquire nine branches and about $1.3bn in loans from First NBC Bank, a subsidiary of First NBC Bank Holding Company.
SHUAA Capital concludes 14% stake acquisition in Khaleeji Commercial Bank
UAE-based financial services firm SHUAA Capital has completed the acquisition of a 14% ownership stake in Khaleeji Commercial Bank (KHCB), an Islamic retail bank based in Bahrain.
SIA closes acquisition of UniCredit’s card processing activities in Italy, Germany and Austria
SIA has completed the acquisition of UniCredit’s card processing business in Italy, Germany and Austria for 500m in cash.
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ICICI Bank unveils Eazypay mobile payments app
Indian private sector lender ICICI Bank has introduced a mobile application to allow merchants, retailers and professionals to accept payments on mobile phones through various digital modes.
Italian government approves state bailout for Monte dei Paschi
The Italian government has approved a state-bailout for the countrys troubled lender Monte dei Paschi di Siena (MPS).
BBVA snaps up Mexican startup Openpay
Spanish banking group BBVA has acquired Mexican online payments startup Openpay for an undisclosed sum.
Deutsche Bank to pay $7.2bn to settle mortgage-abuse inquiry
Deutsche Bank has reached a $7.2bn settlement in principle with the US Department of Justice (DOJ) over the issuance and underwriting of residential mortgage-backed securities (RMBS) between 2005 and 2007.
CBRC gives approval for two private banks in Nanjing and Beijing
China Banking Regulatory Commission (CBRC) has given the go-ahead to two companies to set up private banks in the country.