All articles by Verdict Staff
Verdict Staff
BB&T secures regulatory approval for $1.8bn National Penn Bancshares deal
BB&T has received the go-ahead from the Federal Reserve, the FDIC and all required state banking regulators to take over Allentown-based National Penn Bancshares.
SIA, Inform partner to fight frauds on digital payments
SIA, an Italian company specializing in electronic payments, has entered into an agreement Inform, a provider of risk management and fraud prevention solutions, to offer a fraud prevention and risk management service to SIAs acquiring banks and financial clients across Europe.
TransferWise in talks with UK banks to integrate its services into banking apps
London-based fintech firm TransferWise is in talks with up to 20 banks worldwide over integrating its money transfer capabilities in their mobile banking apps.
First National Bank of Pennsylvania gets final approval to buy Fifth Third Bank branches
First National Bank of Pennsylvania has secured the approval of the Office of the Comptroller of the Currency (OCC) to acquire 17 branches of Fifth Third Bank in the Pittsburgh MSA.
Nigeria prohibits use of debit and credit cards overseas
The Central Bank of Nigeria (CBN) has directed all commercial banks in the country to stop customers from using of debit and credit cards abroad.
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Rietumu bank collaborates with TechHub Riga to strengthen fintech scene in Latvia
Latvian private bank Rietumu has collaborated with IT and startup community TechHub Riga to ensure a further fintech scene development in Latvia.
Fintech adoption among consumers to double in next 12 months: EY
Use of financial technology (fintech) services by digitally active consumers is expected to double within the next 12 months, according to the first FinTech Adoption Index from EY.
Shinhan Bank to take over Indonesias Centratama Nasional Bank
South Korea’s Shinhan Bank has agreed to acquire a controlling stake in Indonesian lender Centratama Nasional Bank (CNB) for an undisclosed sum.
QNB Group to take over Finansbank for EUR2.7bn
Qatar’s QNB Group has agreed to purchase a 99.81% stake in Turkish lender Finansbank in a deal worth EUR2.7bn ($2.94bn).
Erste Bank Hungary secures approval to buy Citibank Hungarys retail business
Erste Bank Hungary and its subsidiary Erste Befektetesi have received the green light from Hungarian Competition Authority and the National Bank of Hungary to acquire Citibank’s retail arm in Hungary.