All articles by Verdict Staff
Verdict Staff
Huntington-FirstMerit to sell branches to resolve antitrust concerns related to their merger
Ohio-based lenders Huntington Bancshares and FirstMerit have agreed to divest 13 branches in Northeast Ohio with about $737.8m in deposits to resolve antitrust concerns emerging from Huntingtons planned acquisition of FirstMerit.
New mobile bank Neon debuts in Brazil
Neon, a new mobile-only bank with no monthly or annual fees, has launched in Brazil, targeting millennials.
Citi creates ATM Community Network to offer surcharge free ATM access to partner credit unions
US banking major Citi has created the new Citi ATM Community Network to offer surcharge free ATM access to partner credit unions as well as minority-owned banks.
JPMorgan profit slides marginally to $6.2bn in Q2
JPMorgan Chase has posted a net income of $6.2bn for the second quarter of 2016, a marginal decline of 1% compared to $6.29bn in the year-ago quarter.
Societe Generale invests in mobile payments outfit TagPay
French banking group Societe Generale has acquired an 8% stake in mobile banking service company TagPay.
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Santander partners with Legal & General to offer lifetime mortgages
Santander has signed a five-year agreement with Legal & General to deliver lifetime mortgages to its customers.
NetGuardians forge fraud protection partnership with BehavioSec
Swiss banking software company NetGuardians has forged partnership with Swedens BehavioSec to leverage their complementary technologies to deliver complete fraud protection to financial institutions globally.
UK CIOs fear GDPR would leave them exposed
Overwhelming number of UK CIOs from financial services firms are not prepared for the EU General Data Protection Regulation (GDPR), according to a report published by Egress Software Technologies.
Starling Bank secures UK banking licence
Starling Bank, a digital challenger bank founded in 2014 by former Allied Irish Bank COO Anne Boden, has been granted a UK banking licence by the UKs Prudential Regulatory Authority (PRA) and the Financial Conduct Authority (FCA).
Brazils digital challengers ramp up the competition
Brazilian digital-only start-up Banco Original and mobile-only credit card issuer Nubank hope to benefit from Brazilians love affair with smartphones and challenge incumbent players. These new entrants are disrupting the status quo and giving the big banks something to worry about. Robin Arnfield reports