All articles by Verdict Staff
Verdict Staff
Goldman Sachs targets retail banking sector with GE acquisition
Goldman Sachs Bank has wrapped up the acquisition of GE Capital Bank’s US online deposit platform, giving the company about $16bn in accounts and certificates of deposit.
Oriental Bank rolls out Cardless Cash in Puerto Rico
Oriental Bank, a subsidiary of OFG Bancorp, has launched ‘Cardless Cash’ on its mobile app in Puerto Rico.
PNC Q1 income slumps 6%; retail banking profit surges 32%
The PNC Financial Services Group (PNC) has posted a net income of $943m for the first quarter of 2016, down 6% compared to $1bn in the year-ago quarter.
Citigroup global consumer banking unit income slumps 28% in Q1
The global consumer banking (GCB) division of Citigroup has reported a net income of $1.23bn for the first quarter of 2016, down 28.3% from $1.71bn a year earlier.
Kazakhstans Halyk Bank launches digital banking subsidiary Altyn-i
Halyk Bank, a financial provider based in Kazakhstan, has launched its new digital banking unit known as Altyn-i.
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New UK law plans to hold businesses liable for staffs criminal offences
HM Revenue & Customs (HMRC) has proposed new rules, under which businesses would be made liable for the actions of their staff aiding tax evasion.
Only 13% of banks are braced for fintech disruption
Amidst rapidly rising fintech adoption by customers, a vast majority of banks admit that they are not well-equipped to combat the fintech onslaught, according to a report by Capgemini and Efma.
RBS to shed 600 retail banking jobs in UK
Royal Bank of Scotland (RBS) is set to eliminate 600 jobs in its UK retail bank NatWest and shut down 32 branches, in a bid to cut costs.
BofA consumer banking arm income surges 22% in Q1
The consumer banking unit of Bank of America (BofA) has reported a net income of $1.78bn for the first quarter of 2016, up 22.1% compared to $1.46bn a year ago.
Wells Fargo community banking unit income drops 7% in Q1
Wells Fargo & Company’s community banking arm has posted a net income of $3.29bn for the first quarter of 2016, down 7% compared to $3.54bn in the year-ago quarter.