All articles by Verdict Staff
Verdict Staff
Abu Dhabi, Turkey ink cross-border cooperation deal
The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has inked a memorandum of understanding (MoU) with the Banking Regulation and Supervision Agency of Turkey (BRSA) to co-operate and exchange supervisory and enforcement information.
Barclays completes mobile payment app rollout in UK
British banking group Barclays has completed the launch of its host card emulation (HCE) based mobile payment app, Contactless Mobile, in the UK as an alternative to Android Pay.
GE receives offer from Cerberus Capital for French consumer finance arm
GE has received a binding offer from a Cerberus Capital Management affiliate for the sale of its French consumer finance unit GE Money Bank and its French Overseas Territories (the DOMs) business.
First Bancorp to snap up Carolina Bank Holdings
North Carolina-based First Bancorp, the parent of First Bank, has agreed to acquire Carolina Bank Holdings, the parent of Carolina Bank, in a deal worth about $97.3m.
Number26 raises $40m in fresh funding round
Number26, a German digital banking start up backed by Peter Thiel, has raised $40m in a fresh round of funding to drive expansion.
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Avenue Financial’s shareholders approve merger with Pinnacle Financial
Tennessee-based Avenue Financial Holdings has announced that its shareholders approved the proposed merger with Pinnacle Financial Partners.
NIC Bank to acquire deposits and assets of Imperial Bank
Kenya’s NIC Bank is set to acquire some deposits, assets and liabilities of collapsed lender Imperial Bank (IBL), which was placed under statutory management in October 2015.
Eastern Bank taps nCino’s cloud-based platform to streamline lending
Boston-based lender Eastern Bank has chosen nCino’s Bank Operating System to enhance productivity and streamline the lending process.
Citi closes takeover and conversion of Costco US co-brand card portfolio
Citi has finally wrapped up the previously announced acquisition of Costco’s US co-brand credit card portfolio from American Express (Amex).
UK to emerge as cashless society within 20 years, says London & Partners
The UK is expected to ditch cash payment and emerge as a cashless society over the next 20 years, reveals a report issued by London & Partners.