All articles by Verdict Staff
Verdict Staff
Majority of banks in North America and Europe exploring blockchain use in payments
Nine out of 10 major banks in the US, Canada, and Europe are exploring the use of blockchain technology for payments, according to a new report publihsed by Accenture.
Deutsche Bank swings to profit in Q3
Deutsche Bank has recorded net income of 278m ($303m) for the third quarter of 2016, compared to a loss of 6bn in the year-ago period, which included a charge related to Hua Xia Bank and impairments of 5.8bn.
Barclays pretax profit surges 35% in Q3
British banking group Barclays has reported pretax profit of £837m ($1.01bn) for the third quarter of 2016, up 35.2% compared to £619m in the prior-year quarter.
Santander Q3 profit rises to 1.7bn
Spanish banking giant Santander has posted a net profit of 1.7bn ($1.8bn) for third quarter of 2016, an increase of less than 1% compared to 1.68bn in the year ago quarter.
Bank of China Hong Kong to dispose 70.5% of its stake in Chiyu Banking
Bank of China Hong Kong (BOCHK) has agreed to sell 70.5% of its stake in wholly-owned subsidiary Chiyu Banking, following a review of its operations.
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Canada regulator launches fintech innovation hub
The Ontario Securities Commission (OSC) has launched a financial technology (fintech) innovation hub and regulatory sandbox to support fintech businesses.
South African insurer Discovery obtains regulatory nod to launch retail bank
South African insurance group Discovery has secured the go-ahead from the Registrar of Banks in South Africa to launch a retail bank.
Raphaels Bank taps FIS technology for payments innovation
UK-based Raphaels Bank has selected FIS’ reconciliation solution to extend access to Faster Payments.
Lloyds pre-tax profit dips 15% in Q3
Lloyds Banking Group has reported a statutory profit before tax of £811m for the third quarter of 2016, a decline of 15% from £958m a year earlier.
CYBG confirms Williams & Glyn acquisition talks
CYBG, the holding company created after the NAB demerger, has confirmed that it is in discussions with the Royal Bank of Scotland (RBS) to acquire the latters Williams & Glyn business.