All articles by Verdict Staff
Verdict Staff
NAB formally decides to spin-off UK business
National Australia Bank (NAB) has formally announced plans to proceed with the flotation of its loss-making UK banking operations Clydesdale and Yorkshire banks.
EBRD to purchase 30% stake in Ukraine’s Raiffeisen Bank Aval
The European Bank for Reconstruction and Development (EBRD) is planning to acquire a 30% stake in Ukraine’s Raiffeisen Bank Aval (RBA), a subsidiary of Raiffeisen Bank International (RBI).
Banks to hike IT budgets to compete with non-traditional players: Temenos
Banks around the globe will raise their IT and innovation budgets to counter the growing threat from the challenger banks and branchless direct banks, according to a Capgemini survey of clients of core tech vendor Temenos.
Lloyds Banking Group to slash 945 jobs
Lloyds Banking Group has announced plans to axe about 945 jobs as part of a restructuring plan that aims to slash a total of 9,000 jobs.
Bank South Pacific gets approval to acquire Westpac Vanuatu
Bank South Pacific (BSP) has secured the approval from the Reserve Bank of Vanuatu to take over Westpac’s Vanuatu operations.
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BBVA Bancomer selects Gemalto to secure card-not-present transactions
Mexican financial institution BBVA Bancomer has selected digital security firm Gemalto’s Dynamic Code Verification solution to counter the emerging new threat of Card-Not-Present (CNP) fraud.
Standard Chartered hires new CEO for Islamic banking business
Standard Chartered has hired Rehan Shaikh as new chief executive of its global Islamic banking business, Standard Chartered Saadiq, replacing Sohail Akbar.
Enough of the hype digital players will not KO the banking establishment
I have been fortunate to moderate more than 20 events this year around the world from Dubai to Milan, Riyadh to Casablanca, all across Europe and now this month a hugely enjoyable trip to Toronto
GE wraps up sale of Australia and New Zealand consumer finance divisions
General Electric (GE) has completed the sale of its consumer finance operations in Australia and New Zealand in a deal worth about $4.3bn.
Swedbank gets go ahead to acquire Danske Banks Latvia retail operations
Swedish lender Swedbank has received the green light from the Competition Council to acquire Danske Banks Latvia retail banking business.