All articles by Verdict Staff
Verdict Staff
Hong Kong watchdog unveils new rules to strengthen management accountability
Hong Kong’s securities regulator has announced new measures to increase accountability of the senior management of licensed corporations.
US Fed adopts rule to prevent government bailouts of large banks
The US Federal Reserve has issued a rule that requires the nations banks to hold sufficient debt reserves to resolve in an orderly way without any taxpayer-funded bailout during a potential collapse.
Federal Reserve warns over alternative credit scoring data
The Federal Reserve has raised concerns about the growing use of non-traditional and non-structured data to assess the creditworthiness of loan applicants. In trying to widen the availability of credit to underserved sections of the population, fintech providers may inadvertently be entrenching discrimination.
ANZ hires customer fairness adviser
Australia and New Zealand Banking Group (ANZ) has appointed outgoing Commonwealth Ombudsman Colin Neave to the newly created role of customer fairness adviser.
Citi partners with PayPal to enhance payment experience
Citi and PayPal have entered into a partnership, which will allow Citi cardholders to use their cards with PayPal to pay online, in-app and in-store starting next year.
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Simmons First National to acquire Southwest Bancorp for $564.4m
Arkansas-based Simmons First National has agreed to acquire Oklahoma-based Southwest Bancorp in a transaction valued at about $564.4m.
Intesa SanPaolo fined $235m in US for breaching anti-money laundering rules
Italian banking group Intesa SanPaolo and its New York branch has been fined $235m by New Yorks Department of Financial Services (DFS) for flouting anti-money laundering and bank secrecy laws.
Bank Alkhair receives approval for stake sale in Burj Bank
Bahrain-based Islamic lender Bank Alkhair has secured the go-ahead from the State Bank of Pakistan to offload its stake in Pakistans Burj Bank.
US consumers expect multi-channel banking but still prefer branch: Fiserv study
Although a majority of consumers today demand multi-channel banking services, a significant number of consumers still prefer the traditional branch, according to a research by Fiserv.
FSC gives go-ahead to South Koreas first internet-only bank
South Koreas Financial Services Commission (FSC) has given the approval for the establishment of the countrys first internet-only bank.