All articles by Verdict Staff
Verdict Staff
Norways Sparebanken Vest to shrink branch network
Norwegian lender Sparebanken Vest has announced plans to reduce its branch network and axe 100 jobs as more customers switch to online banking alternatives.
Lloyds to axe 1,755 jobs and close 26 branches
British banking giant Lloyds is set to slash 1,755 jobs and shut down 26 branches as part of a sweeping restructure announced by the bank over a year ago.
Popular Community Bank unveils P2P payment feature
Puerto Rico-based Popular Community Bank has unveiled a payment feature, called Popular People Pay, to enable its users to make online and mobile banking transactions.
UNFCU selects Fiserv’s DNA account processing platform
United Nations Federal Credit Union (UNFCU) has selected Fiserv’s DNA core account processing platform with integrated surround solutions for scalability, flexibility and advanced technology.
AXA to offload Hungarian banking business to OTP Bank
French insurance firm AXA has agreed to sell its Hungarian banking operations to OTP Bank.
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BBVA Q4 net profit up 36%
Spanish banking group BBVA has reported a net attributable profit of EUR940m for the fourth quarter of 2015, a 36.4% increase compared to EUR689m for the same period of 2014.
Scotiabank closes acquisition of Citigroup’s retail and commercial banking unit in Panama, Costa Rica
Canadian lender Scotiabank has completed the acquisition of Citigroup’s consumer and commercial banking operations in Costa Rica and Panama.
Pre-tax profit up 4% at UBS personal and corporate banking arm in Q4
The personal and corporate banking division of Swiss lender UBS has reported an operating profit before tax of CHF355m in the fourth quarter of 2015, up 4.4% compared to CHF340m in the year-ago quarter.
Pacific Premier Bancorp wraps up Security California Bancorp acquisition
Irvine-based Pacific Premier Bancorp, the parent of Pacific Premier Bank, has closed the acquisition of Security California Bancorp, the parent of Security Bank of California.
NAB secures final approval for Clydesdale demerger
National Australia Bank (NAB) has secured the green light from the Supreme Court of Victoria to spin off its UK business Clydesdale and Yorkshire banks (CYBG).