All articles by Verdict Staff
Verdict Staff
DBS Bank sets up wholly owned subsidiary in India
DBS Group Holdings (DBSH), a Singapore-based banking group, has opened a new wholly-owned subsidiary in Hyderabad, India.
UAE Banks Federation become an associate member of British Bankers’ Association
The UAE Banks Federation, a professional body that represents 49 member banks operating in the UAE, has become an associate member of the British Bankers’ Association (BBA) to strengthen ties between the banking sectors in both countries.
Indonesian banks ATM-pool to reduce costs
Four Indonesian state-owned banks have launched a pooled automated teller machine (ATM) service that lowers transfer and withdrawal fees in an effort to increase transactions while reducing operating costs.
BNI Madagascar chooses Sopra Banking Software’s core banking solution
BNI Madagascar has selected Sopra Banking Software’s Sopra Banking Amplitude system to replace its existing core banking system.
Banks in Hong Kong target young customers
Banks in Hong Kong are turning their attention to young customers by offering online and mobile banking products.
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Banco Santander Totta to buy Banif for EUR150m
Banco Santander Totta has agreed to acquire Portugal’s troubled bank Banif-Banco Internacional do Funchal (Banif) in a deal valued at EUR150m ($162.8m).
Atlantic Capital Bancshares to offload seven Tennessee branches
Atlantic Capital Bancshares, parent of Atlantic Capital Bank, has agreed to sell seven branches in Tennessee, US.
Yes Bank, iSPIRT partner to launch fintech app store
Indian private sector lender Yes Bank has joined forces with software product think-tank organisation iSPIRT to introduce a fintech app store.
TowneBank to buy Monarch Financial for $221m
Hampton Roads-based TowneBank has agreed to acquire Monarch Financial Holdings, the parent of Monarch Bank, in a deal worth about $221m.
Sberbank Europe to sell 99.5% stake in Sberbank Slovensko
Sberbank Europe has agreed to sell its 99.5% stake in Sberbank Slovensko to Central European investment group Penta Investments for an undisclosed sum.