All articles by Verdict Staff
Verdict Staff
DBS net profit rises slightly in Q3
Singapore-based lender DBS has reported a net profit of SGD1.07bn ($768m) for the third quarter of 2016, a slight change compared to the SGD1.06bn earned in the same period last year.
ICICI Bank UK, Inpay launch remittance service in Sweden, Norway, Denmark
ICICI Bank UK, a wholly owned subsidiary of ICICI Bank, has partnered with payments service provider Inpay to introduce Money2India Europe, an online money transfer service in Sweden, Norway and Denmark.
National Bank of Canada to axe 600 jobs
National Bank of Canada has announced plans to shed about 600 jobs to adapt to a digital shift by customers in the financial services sector.
US regulator to set up fintech innovation office
The US Office of the Comptroller of the Currency (OCC) has revealed plans to set up a dedicated fintech innovation office to identify, understand, and respond to financial innovation affecting the federal banking system.
ABN Amro, TU Delft partner to develop blockchain applications
Dutch banking group ABN Amro has joined forces with Dutch university TU Delft to develop complex blockchain applications.
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Australias big four banks fined A$178m for advice failures
The big four banks of Australia and wealth manager AMP have been fined a total of more than A$178m by the Australian Securities and Investments Commission (ASIC) for charging customers for advice services they never received.
The expansion of the prepaid footprint and digital innovations In Europe
One day, four sessions, and multiple keynote speakers from leading Italian and European companies, have outlined the situation regarding the state of the art prepaid market and its future prospects
RBS reports attributable loss of £469m in Q3
RBS has reported an attributable loss of £469m for the third quarter of 2016, compared to profit of £940m a year earlier.
Deutsche Bank to offload Mexico subsidiaries to InvestaBank
Deutsche Bank has agreed to sell its subsidiaries in Mexico to local lender InvestaBank, Institucion de Banca Multiple for an undisclosed sum.
CIBC partners with Borrowell to offer one-click online loans
Canadian Imperial Bank of Commerce (CIBC) has teamed up with local fintech lender Borrowell to offer one-click online lending for clients.