All articles by Verdict Staff
Verdict Staff
CIBC retail and business banking unit net income rises 6% in Q3
The retail and business banking arm of Canadian Imperial Bank of Commerce (CIBC) has posted net income of C$666m for the third quarter of 2016, up 6% compared to C$630m a year earlier.
Deutsche Bank to offload Argentine subsidiary to Banco Comafi
German banking group Deutsche Bank has agreed to sell its Argentine subsidiary to Buenos Aires-based Banco Comafi for an undisclosed sum.
Innotribe, Innovate Finance set up Global Fintech Hubs Federation
Swifts innovation arm Innotribe and fintech trade body Innovate Finance have set up the new Global FinTech Hubs Federation (GFHF) to support innovation in the financial services sector across the globe.
GIC to buy 7.7% stake in Vietcombank
Singapores sovereign wealth fund GIC has agreed to acquire a 7.73% stake of Vietnamese lender Vietcombank.
Axis Bank collaborates with Amazon, OCBC, Visa to support Indian startups
Indian private sector lender Axis Bank has partnered with Amazon Internet Services (AISPL) – the India affiliate of Amazon Web Services- to set up a start-up hub at its Thought Factory in Bengaluru.
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TD Bank net income rises to C$2.36bn in Q3
Canadas second-biggest lender TD Bank has posted a net income of C$2.36bn for the third quarter of 2016, an increase of 4% compared with C$2.27bn a year ago.
IndusInd Bank opts for IBMs digital marketing services
Indian private sector lender IndusInd Bank has signed a signed a three-year agreement to use IBMs cloud commerce solutions to improve its cross-sell platforms.
First National Bank of Omaha to pay $35m over illegal credit card practices
First National Bank of Omaha has been ordered by the US Consumer Financial Protection Bureau (CFPB) to pay more than $35m in compensation and fines to nearly 257,000 consumers for deceptive marketing practices and illegal billing with credit card add-on products.
Monetary Authority of Singapore proposes regulatory framework for payments
The Monetary Authority of Singapore (MAS) has released a consultation paper on proposed changes to the payments regulatory framework and setting up a National Payments Council.
China drives Asia-Pacific fintech investment: Accenture
Investments in Asia-Pacific fintech ventures, primarily in China, reached $9.62bn as of 31 July 2016, more than twice the $4.26bn invested in the region in all of 2015, according to Accenture analysis of CB Insights data.