All articles by Verdict Staff
Verdict Staff
Bank of China to sell majority stakes in Chiyu Banking to Xiamen International
Bank of China Hong Kong (BOCHK) has agreed to sell its 70.49% of stocks in wholly-owned subsidiary Chiyu Banking to Xiamen International Investment and the Committee of Jimei Schools for HK$7.685bn.
FactSet snaps up Vermilion Software and CYMBA Technologies
FactSet, a US-based provider of integrated financial information and analytical applications, has acquired Vermilion Software and CYMBA Technologies.
Italian banks establish cybercrime response team
The Bank of Italy, the Italian Banking Association and the ABI Lab Consortium have joined forces for the establishment of a specialised computer emergency response team (CERT) to combat cyber threats in the countrys financial services industry.
Tisco to buy Standard Chartereds Thai retail banking business
TISCO Bank Public Company and All-Ways Company, subsidiaries of Tisco Financial Group, have agreed to acquire the retail banking operations of Standard Chartered Bank (Thai) Public Company (SCBT).
OTP Bank to acquire Societe Generales Croatian unit
Hungarys OTP Bank has agreed to buy Splitska Banka (SGSB), the Croatian subsidiary of Societe Generale, for an undisclosed sum.
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Varo Money partners Kasisto to launch digital money coach
Mobile banking start-up Varo Money has joined forces with artificial intelligence (AI) provider Kasisto to launch a new smart bot known as Val.
What will 2017 bring to banking?
Experts from the retail banking and financial services industry review the primary talking points of 2016, but as thoughts turn to 2017, what will be the industrys key growth drivers of tomorrow and beyond? Will the challenger banks take more of a market share? Will innovations continue to surprise us?
Bank of China Hong Kong opens new Brunei office
Bank of China Hong Kong (BOCHK) has become the first Chinese financial institution to establish its presence in Brunei by opening a new office in the country.
UK watchdog finds competition concerns with Diebold-Nixdorf merger
The UK Competition and Markets Authority (CMA) has found that Diebold’s acquisition of Wincor may reduce competition in the supply of customer-operated cashpoints in the UK.
Fortress Investment Group to acquire UniCredits NPL portfolio
Fortress Investment Group has agreed to acquire a significant portion of a 17.7bn portfolio of non-performing Italian loans (NPL) portfolio from Italian banking group UniCredit.