All articles by Verdict Staff
Verdict Staff
BNP Paribas retail banking pre-tax income virtually flat in Q2
The retail banking arm of French lender BNP Paribas has reported pre-tax income of 2.34bn for the second quarter of 2016, down 0.7% from 2.35bn in the prior year.
Blom Bank selects Wolters Kluwer solution for managing operational risk
Lebanese lender Blom Bank has signed up for Wolters Kluwers OneSumX solution for operational risk management.
FinTech Group and Rocket Internet partner to build digital bank
German companies FinTech Group and Rocket Internet have joined forces to set up a digital bank in Europe.
Lloyds to shed additional 3,000 jobs and close 200 branches
Lloyds Banking Group has announced plans to shed a further 3,000 jobs and shut down an additional 200 branches amidst the economic uncertainty caused by Britains decision to exit the European Union.
First Commonwealth Bank to acquire 13 FirstMerit Bank branches
Indiana, Pennsylvania-based First Commonwealth Bank, a subsidiary of First Commonwealth Financial, has agreed to acquire 13 branches of FirstMerit Bank in Canton and Ashtabula, Ohio.
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Banco Santander profit almost halves in Q2
Spanish banking group Banco Santander has reported attributable profit of 1.28bn for the second quarter of 2016, down 49.7% from 2.54bn a year ago.
UK parliamentary report recommends FCA split
The Treasury Select Committee (TSC) has recommended splitting of the UKs Financial Conduct Authority (FCA) to create a separate enforcement body.
Deutsche Bank Q2 income plummets 98%
Deutsche Bank has reported net income of EUR20m for the second quarter of 2016, down 98% from EUR818m in the year-ago quarter.
Indian digital payments market to worth $500bn by 2020: Google-BCG study
The size of digital payments industry in India will be $500bn by 2020, accounting for 15% to the countrys gross domestic product (GDP), according to a report by Google and Boston Consulting Group (BCG).
FCA proposes measures to tackle problematic credit card debt
UK financial sector watchdog has proposed measures to tackle potentially problematic credit card debt.