All articles by Verdict Staff
Verdict Staff
Infosys partners with Oracle to offer Finacle on Oracle Cloud
Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys, has launched Finacle as a managed service on Oracle Cloud.
MainSource Financial Group to buy Cheviot Financial for $107.4m
MainSource Financial Group has agreed to acquire all of the common stock of Cheviot Financial in a cash and stock deal worth about $107.4m.
StanChart plans to axe 100 jobs in UAE
British banking giant Standard Chartered has unveiled plans to slash 100 jobs from its UAE operations as part of a global overhaul designed to cut costs.
Israels Discount Bank to sell Swiss subsidiary
Israel Discount Bank has agreed to offload its Swiss operations- IDB Swiss Bank- to Hyposwiss Private Bank Geneva for CHF10.9m ($10.6m).
BBVA to buy 29.5% stake in UK digital bank Atom
Spanish banking group BBVA has agreed to acquire a 29.5% stake in British digital-only bank Atom for £45m.
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Apro Financial to buy 40% stake in Indonesian microlender Bank Andara
South Korean lender Apro Financial has agreed to acquire a 40% stake in Indonesian small lender Bank Andara.
Banamex selects NCR as intelligent deposit ATM provider
Banamex, a Mexico-based financial institution, has selected NCR as intelligent deposit ATM provider.
Capital Bank Financial to snap up CommunityOne Bancorp for $350m
Capital Bank Financial has agreed to acquire CommunityOne Bancorp in a cash and stock deal worth about $350m.
GE to divest UK home loan portfolio
General Electric (GE) has agreed to sell a $5.9bn worth of first lien mortgage loan portfolio from its UK home lending business to an investment consortium comprising Blackstone, TPG Special Situations Partners, and CarVal Investors.
Japanese retailer Lawson plans foray into banking sector
Lawson, a convenience store operator based in Japan, is planning to enter the banking business, in association with the Bank of Tokyo-Mitsubishi UFJ (BTMU).