All articles by Verdict Staff
Verdict Staff
Standard Bank full year profit surges 27%
South African lender Standard Bank has reported a profit of ZAR22bn ($1.4bn) for the year ended 31 December 2015, a 27% increase from ZAR17.32bn ($1.1bn) in the prior year.
ABN AMRO partners with First Data for payment services
ABN AMRO has teamed up with First Data to offer a range of digital and cash payment methods to businesses with physical and online stores.
Scotiabank Q1 net income rises 5% to C$1.81bn
Canadian lender Scotiabank has posted a net income of C$1.81bn for the first quarter of fiscal year 2016, up 5% compared to C$1.72bn in the year-ago quarter.
ANZ to merge wealth unit with retail businesses
ANZ Banking Group has decided to overhaul its wealth division by aligning some of the wealth businesses into its existing retail operations and on a geographical basis to improve returns and capital efficiency.
Eurobank Bulgaria wraps up acquisition of Alpha Bank Bulgaria
Eurobank Bulgaria (Postbank), the Bulgarian subsidiary of Greeces Eurobank, has closed the acquisition of Greek lender Alpha Bank’s Bulgarian branch.
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ABN AMRO opens branch in Shanghai
Dutch banking group ABN AMRO has opened branch in Shanghai that will focus on serving the banks corporate clients in the region.
RBI eases capital norms for banks
The Reserve Bank of India (RBI) has eased tier-1 capital regulations for banks, offering a much-needed relief to the cash-strapped sector.
ABH Holdings calls off deal to acquire Raiffeisen Banks subsidiary
ABH Holdings, the Luxembourg-based parent of the Alfa Banking Group, has called off the purchase of Raiffeisen Bank Internationals (RBI) direct banking subsidiary ZUNO BANK.
Sumitomo offloads half of its stake in Kotak Mahindra Bank
Japan’s Sumitomo Mitsui Financial Group has sold half of its 3.58% stake in Indian private sector lender Kotak Mahindra Bank for nearly $300m.
Nordea selects FICOs platform to counter payment cards fraud
Swedish lender Nordea has selected FICOs fraud management solution, FICO Falcon Platform, to protect its customers from credit, debit and e-payments fraud.