All articles by Verdict Staff
Verdict Staff
SBI, Reliance Industries to set up payments bank joint venture
State Bank of India and Reliance Industries (RIL) have signed the subscription and shareholders agreement for setting up a payments bank joint venture.
Barclays, HSBC confirm plans to retain operations in UK despite Brexit
Two of UK’s largest banks-Barclays and HSBC- have decided to retain operations in the UK following Britains decision to exit the European Union.
NBAD, FGB secure boards’ approval for merger
National Bank of Abu Dhabi (NBAD) and First Gulf Bank (FGB) have received approval from their boards for their merger that will create the largest bank in the Middle East and North Africa (MENA) with $175bn in assets.
Bank South Pacific wraps up Westpac Vanuatu acquisition
Bank South Pacific (BSP) has completed the acquisition of Westpac’s banking operations in Vanuatu.
HSBC concludes sale of Brazil operations
HSBC has completed the sale of its Brazil business to Brazilian lender Banco Bradesco after securing all necessary regulatory approvals.
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United Overseas Bank suspends London property loans due to Brexit concerns
Singapore’s United Overseas Bank (UOB) has suspended its loans programme for London properties citing uncertainties caused by UKs decision to exit the European Union.
IMF labels Deutsche Bank riskiest financial institution worldwide
The International Monetary Fund (IMF) has termed German banking major Deutsche Bank as the riskiest financial institution across the globe.
RBI wraps up sale of Raiffeisen Banka in Slovenia
Raiffeisen Bank International (RBI) has completed the sale of its Slovenian division Raiffeisen Banka after securing all necessary regulatory approvals.
National Australia Bank introduces instant credit card replacement to mobile payments app
National Australia Bank (NAB) has unveiled its new offering which enables customers to continue using their Visa credit cards through NAB Pay even if their card is stolen or lost.
Axis Bank opens innovation lab for fintech start-ups
India-based Axis Bank has unveiled an innovation lab in Bengaluru, the capital city of Indian state of Karnataka.