All articles by Verdict Staff

Hello world!

Monte dei Paschi to shed 2,600 jobs and close 500 branches

Troubled Italian bank Banca Monte dei Paschi di Siena has announced plans to axe 2,600 jobs, shut down 500 branches, and sell business units to boost profitability.

Community Bank System to buy Merchants Bancshares for $304m

New York-based Community Bank System has agreed to acquire Merchants Bancshares, the parent of Merchants Bank, in a cash-stock deal worth about $304m.

Authlogics unveils multi-factor authentication platform for retail banks

Authlogics, a specialist in multi-factor authentication, has rolled out a multi-factor authentication platform for retail banks.

BBVA inks cloud computing agreement with Amazon Web Services

Spanish banking group BBVA has signed a global cloud computing agreement with Amazon Web Services (AWS) to accelerate the bank’s global transformation.

Singapore, South Korea regulators sign fintech agreement

The Monetary Authority of Singapore (MAS) has signed an agreement with the Korean Financial Services Commission to expand collaboration in the development of financial technology (fintech) services.

Australia and Kenya regulators ink fintech agreement

The Australian Securities and Investments Commission (ASIC) and the Capital Markets Authority of Kenya (CMA) have inked a co-operation agreement to promote innovation in financial services in both markets.

R3, 12 banks trial Ripple’s cross-border payments technology

Distributed ledger technology firm R3 and 12 of its consortium banks are trialling Ripple’s native digital asset, XRP, for interbank cross-border payments.

TD Ameritrade to snap up Scottrade for $4bn

TD Ameritrade Holding has agreed to acquire online brokerage Scottrade Financial Services in a cash and stock deal worth $4bn.

Access National to merge with Middleburg Financial

Access National, the parent of Access National Bank, and Virginia-based Middleburg Financial have agreed to merge their operations.