All articles by Verdict Staff
Verdict Staff
Sparebanken Hedmark to take over Bank 1 Oslo Akershus
Norwegian lender Sparebanken Hedmark has agreed to acquire Bank 1 Oslo Akershus by buying a 29.9% stake in the Norwegian Confederation of Trade Unions (LO) and a 29.6% stake in other Sparebank 1-banks.
Wincor Nixdorf to take over management of over 700 branch systems of LBBW
Wincor Nixdorf is set to take over the central operations management of over 700 branch systems of Landesbank Baden Württemberg (LBBW) to boost self-service efficiency.
BB&T’s $1.8bn acquisition of National Penn Bancshares secures state approval
BB&T’s acquisition of National Penn Bancshares has secured the green light from the Pennsylvania Department of Banking and Securities.
GTBank launches new payment service in Nigeria
Guaranty Trust Bank (GTBank) has launched a new payment solution that enables customers receive Western Union funds directly into their GTBank account via any of the bank’s ATMs in Nigeria.
Myanmar to grant new foreign banking licences in 2016
The Central Bank of Myanmar says it will open a second round of foreign bank licensing early next year to attract more foreign investment. However, banks from countries that have already been granted licences Australia, Japan, Malaysia, China, Singapore and Thailand will not be eligible for the new licences.
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CIMB Group appoints new CEO for Islamic banking division
Malaysia-based investment bank CIMB Group has hired Mohamed Rafe bin Mohamed Haneef as new CEO and executive director of CIMB Islamic Bank Berhad as well as new CEO of Group Islamic Banking Division.
Inecobank takes over ProCredit Bank Armenia
Armenian lender Inecobank has purchased 100% of shares of ProCredit Bank Armenia, a lender focused on micro, small and medium-sized enterprises.
Barclays opens Rise innovation hub in South Africa
Barclays Africa has launched the physical and virtual global start-up community Rise at the The Bandwidth Barn in Cape Town, South Africa to support fintech innovation.
Swedens Ikano Bank forays into UK savings market
Swedish challenger bank Ikano Bank has entered the UK savings market by introducing its first savings account in Britain.
TCH hires VocaLink to develop real-time payment service in US
Banking association The Clearing House Association (TCH) has selected British payment infrastructure operator VocaLink to develop a national real-time payment service in the US.