All articles by Verdict Staff
Verdict Staff
EFG-Hermes secures Lebanese central bank nod to sell 40% stake in Credit Libanais
Egypts EFG-Hermes Holding has secured the nod of the central bank of Lebanon to sell a 40% stake in Lebanese lender Credit Libanais to a group of international, Arab and local investors including sophisticated funds, institutional and individual investors.
Deutsche Bank scraps plan for digital bank in US
Deutsche Bank has abandoned plans to set up a new digital bank in the US fearing that the move may affect its core strategy.
ICBPI taps Nets to create instant payments system in Italy
Italian lender ICBPI has selected Danish payments firm Nets to create a SEPA compliant instant payments platform for Italian market within the first quarter of 2017.
Expertus, Ripple collaborate to test blockchain technology for banks
Canadian fintech firm Expertus has partnered with distributed ledger technology provider Ripple to launch a pilot programme to test blockchain technology for banks.
EBRD raises stake in Moldovas Victoriabank to 27.5%
The European Bank for Reconstruction and Development (EBRD) has increased its stake in Moldovas Victoriabank from 15% to 27.5%.
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Nigerias Skye Bank axes 175 jobs
Nigerian lender Skye Bank has dismissed 175 employees for failing the banks 2015 appraisal exercise.
MAS proposes regulatory sandbox to facilitate fintech experiments
The Monetary Authority of Singapore (MAS) has released a consultation paper proposing a regulatory sandbox that will allow financial and non-financial institutions to experiment with fintech solutions.
BNC Bancorp-Southcoast Financial merger secures regulatory nod
BNC Bancorp has secured all necessary regulatory approvals for its merger with Southcoast Financial, the parent of Southcoast Community Bank.
BDO Unibanks thrift banking license revoked by Philippines’ central bank
The central bank of Philippines has revoked the banking license held by Banco De Oro Savings Bank, a dormant subsidiary of Philippines BDO Unibank.
Abraaj Group snaps up minority stake in Turkeys Fibabanka
Private equity firm Abraaj Group has acquired a minority stake in Turkish lender Fibabanka through one of its funds.