All articles by Verdict Staff
Verdict Staff
CIBC retail and business banking units Q4 income up 9%
The retail and business banking arm of Canadian Imperial Bank of Commerce (CIBC) has posted a net income of C$655m for the fourth quarter of 2015, up 8.8% compared to C$602m a year earlier.
Mobile-only bank Number26 expands to six new European countries
German fintech startup Number26 has announced plans to expand in six new European countries, including France, Greece, Ireland, Italy, Slovakia, and Spain.
Caixabank to offload stakes in Inbursa and Bank of East Asia
Spain’s Caixabank has agreed to divest stakes in Grupo Financiero Inbursa (Inbursa) and The Bank of East Asia (BEA) to its parent Criteria for EUR2.65bn to free up capital.
ING launches mobile payments service for Dutch customers
Dutch banking major ING has added contactless payments to its Android mobile banking app following a three-month trial in the Netherlands.
Barclays to sell Italian retail banking business to Mediobanca
British banking major Barclays has agreed to sell its Italian retail banking operations to CheBanca!, part of the Mediobanca group.
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BMO Financials Canadian P&C unit records 6% rise in Q4 income
The Canadian personal and commercial banking (P&C) unit of BMO Financial Group has recorded a net income of C$560m for the fourth quarter of 2015, up 6.4% compared to C$526m in the year-ago quarter.
RBCs personal & commercial banking arm sees 10% rise in Q4 net income
The personal & commercial banking unit of Royal Bank of Canada (RBC) has posted a net income of C$1.27bn for the fourth quarter of 2015, an increase of 10.3% compared to C$1.15bn in the year-ago quarter.
Shanghai Commercial Bank selects IBM to enhance digital banking strategy
Shanghai Commercial Bank (SCB) has selected IBMs behavioral analytics solution to improve its digital banking strategy.
Bank of Khartoum wins license to operate in Bahrain
Sudans Bank of Khartoum has secured a license from the Central Bank of Bahrain to open a branch in Bahrain.
Q2 Holdings snaps up financial services software company Social Money
Virtual banking solutions provider Q2 Holdings has acquired Des Moines, Iowa-based financial services software firm Social Money.