All articles by Verdict Staff
Verdict Staff
Lloyds pre-tax profit plunges 46% in Q1
Lloyds Banking Group has reported a statutory profit before tax of £654m for the first quarter of 2016, a fall of 46.1% compared to £1.21bn a year earlier.
ANZ embraces Apple Pay
Australian lender ANZ has signed a deal to offer Apples mobile wallet service Apple Pay to its five million customers.
Barclays in negotiations with AnaCap to offload French retail and wealth businesses
Barclays has confirmed that it is in exclusive talks with private equity firm AnaCap Financial Partners for the sale of its retail banking, wealth, and investment management operations in France.
Santander Q1 profit slides 5% to EUR1.63bn
Spanish banking group Banco Santander has reported an attributable profit of EUR1.63bn for the first quarter of 2016, down 4.9% from EUR1.71bn a year ago.
NBAD profit plunges 11% in Q1; revenues at global retail & commercial unit surges
National Bank of Abu Dhabi (NBAD) has posted a net profit of AED1.27bn for the first quarter of 2016, down 10.7% compared to AED1.42bn in the year-ago quarter.
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A third of Brits believe cash will be extinct within 15 years
One-third of British people believe that cash will be extinct within the next 15 years, according to a study by media agency Starcom.
Standard Chartered Q1 pre-tax profit slides 59%; transaction banking income drops 18%
Standard Chartered has reported a pre-tax profit of $589m for the first quarter of 2016, a decrease of 59.2% compared to $1.44bn in the year-ago quarter.
US regulators propose new rules to mitigate liquidity risks for banks
US regulators have proposed new rules that would compel the largest banks to hold more cash to withstand liquidity crisis in case of a potential financial collapse.
Singapores DBS Bank unveils first mobile-only bank in India
Singaporean lender DBS Bank has launched a mobile-only bank in India, named digibank, which leverages a range of advanced technologies including biometrics and artificial intelligence to offer branchless banking to customers.
Ant Financial Services raises $4.5bn in fresh funding round
Ant Financial, an affiliate of e-commerce giant Alibaba that operates Alipay, has raised $4.5bn in a Series B funding round from a clutch of investors.