All articles by Verdict Staff
Verdict Staff
Bank Alfalah collaborates with Ethica for Islamic finance training
Pakistan-based Bank Alfalah has partnered with Dubai-based Ethica Institute of Islamic Finance to offer online Certified Islamic Finance Executive (CIFE) training to its employees.
Midland Financial to take over 1st Century Bancshares
Midland Financial, the parent of MidFirst Bank, has agreed to acquire 1st Century Bancshares, the parent of 1st Century Bank, National Association, in a cash deal worth about $116m.
BBVA teams with Wincor Nixdorf to upgrade ATM network
Spanish banking group BBVA has selected Wincor Nixdorf’s CINEO cash recycling systems to upgrade its ATM network to enable banknotes deposited by customers to be reused for cash withdrawals.
Israel green lights new non-bank financial regulator
The government of Israel has approved the creation of a new regulatory authority that will be responsible for supervising all non-bank lenders including new credit card issuers.
Dubai Islamic Bank rolls out four new Wakala Deposit products
Dubai Islamic Bank (DIB) has introduced four new Wakala Deposit products to help customers meet their savings goals faster.
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People Risk: The Domino Effect at the Heart of Banking
The 2008 financial crash and the many banking scandals over the past few years have led to increased regulation in the sector in a bid to change banking culture for good, argues Mary Clarke
Retail banks predict disappearance of branch-based banking by 2020
Nearly half (49%) of retail banks across the globe opine that the fintech revolution would phase out the branch-based banking within five years, according to a study by Temenos.
ASIC imposes extra licence conditions on Macquarie Bank for mishandling client money
Australian Securities and Investments Commission (ASIC) has imposed additional conditions on Macquarie Bank’s Australian financial services licence after finding that it misused client money for ten years.
Huntington Bancshares to shut down 107 branches as part of FirstMerit acquisition
Ohio’s Huntington Bancshares is set to shut down 107 branches as part of its proposed acquisition of local rival FirstMerit.
Horizon Bancorp to buy LaPorte Bancorp for $94.1m
Horizon Bancorp, the parent of Horizon Bank, has agreed to acquire LaPorte Bancorp, parent of The LaPorte Savings Bank, in a stock-cash deal worth about $94.1m.