All articles by Verdict Staff
Verdict Staff
Taiwans CTBC Bank launches representative office in Malaysia
Taiwans CTBC Bank, the banking division of CTBC Financial Holding, has entered the Malaysia market by opening a new representative office in Kuala Lumpur.
Diebold agrees to buy Wincor Nixdorf for $1.8bn
American ATM manufacturer Diebold has agreed to acquire its German rival Wincor Nixdorf in a deal worth about $1.8bn (EUR1.7bn).
British financial services trade associations to merge
A bank-backed review body has proposed merger of five financial services trade associations in the UK as they often duplicated lobbying efforts.
HSBC fires 150 employees in UAE
British banking giant HSBC has slashed over 150 jobs from its UAE banking operations as part of global cost reduction plan.
MB Financial to buy American Chartered Bancorp for $449m
MB Financial has agreed to acquire American Chartered Bancorp (American Chartered), and its wholly owned bank subsidiary, American Chartered Bank, in a stock and cash deal worth about $449m.
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MyBucks Group to acquire six banks from Opportunity to drive financial inclusion in Africa
Opportunity, a next generation microfinance organization, has signed a share purchase deal to sell six banks serving sub-Saharan Africa to Luxembourg-based fintech firm MyBucks Group.
RBS scraps bonuses for retail staff to rebuild customer trust
Bailed-out British lender Royal Bank of Scotland (RBS) has announced plans to scrap sales bonuses for its employees who work at its retail banks in order to prevent mis-selling.
Nigerias Wema Bank secures national banking license
Wema Bank, a Nigerian financial institution, has received a national banking license from the Central Bank of Nigeria.
Germanys DZ Bank and WGZ Bank agree to merge
German cooperative lenders DZ Bank and WGZ Bank have agreed to merge their businesses, creating the country’s third-largest financial institution.
Volume of automated payments rose by 3.6% in UK in 2014: Report
More than 7.3 billion, CHAPS, Bacs Direct Debits and Direct Credits and Faster Payments were made in the UK in 2014, an increase of 3.6% compared with 2013, according to a new report published by Payments UK.