All articles by Verdict Staff
Verdict Staff
Barclays attributable profit slides 7% in Q1
British banking group Barclays has reported an attributable profit of £433m for the first quarter of 2016, down 6.9% compared to £465m a year ago.
Banks and retailers to boost spending on payment systems
Over 75% of financial institutions, retailers and billing organisations globally are planning to increase their spending on payment systems due to increasing competition, according to a new study by ACI Worldwide and market research firm Ovum.
SJP teams up with Metro Bank to launch mortgage product
British wealth manager St. James’s Place (SJP) has partnered with Metro Bank to launch a new mortgage product for clients looking to support their children or grandchildren in buying their first home.
US regulators tighten pay rules for bankers
US regulators have proposed tighter pay rules for employees of financial institutions, in a bid to minimise excessive risk-taking at the sector.
Goldman Sachs opens online savings bank for masses
Goldman Sachs has expanded its reach by opening an online-only savings bank, named GS Bank, for the masses.
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FNB concludes acquisition of 17 branches of Fifth Third Bank
First National Bank of Pennsylvania, a subsidiary of F.N.B., has wrapped up its acquisition of 17 Fifth Third Bank branches in the Pittsburgh MSA after securing necessary legal and regulatory approvals.
Financial integration in euro area improving, albeit slowly: ECB
Financial integration in the euro area has continued to recover, although lately at a moderating pace, according to the European Central Bank’s (ECB) latest annual report.
Mashreq Q1 profit slumps 18%
Mashreq, a UAE-based banking group, has reported a net profit of AED532m for the first quarter of 2016, down 18.2% compared to AED651m in the year-ago quarter.
RBI issues direction on consolidation among private sector lenders
The Reserve Bank of India (RBI) has released a master direction on consolidation among private sector lenders and between non-banking finance company (NBFC) and banks.
Barclays to exit Gibraltar
British banking group Barclays is set to shut down its remaining operations in Gibraltar, ending a presence of 127 years in the region.