All articles by Verdict Staff
Verdict Staff
BBVA Portugal to close 26 branches; lay off 187 employees
Spanish lender BBVA has announced plans to slash 187 employees and shut down a further 26 branches in Portugal as part of the final phase of its restructuring plan to boost profitability.
Bank Alfalah partners with Ria to offer remittance service in Pakistan
Bank Alfalah, a private bank in Pakistan, has teamed up with Ria Money Transfer to provide money transfer payout services in Pakistan.
State Bank of India to launch new mobile wallet service Batua
State Bank of India (SBI) is planning to launch a new mobile wallet service, called Batua, in December 2015 for java-enabled feature phone users.
Rabobank deploys Varonis DatAdvantage for control over data access
Dutch lender Rabobank has selected Varonis Systems’ DatAdvantage for Windows and DatAdvantage for SharePoint solutions to control its data access and permissions as well as offer regulatory compliance.
Blackstone to invest $820m in ATM maker NCR
Private equity firm Blackstone Group has agreed to acquire 17% stake in ATM maker NCR for $820m.
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First Midwest Bancorp to buy NI Bancshares
First Midwest Bancorp, headquartered in Itasca, Illinois and the parent company of First Midwest Bank, has agreed to buy NI Bancshares, the holding company for The National Bank & Trust Company of Sycamore (NB&T), based in Sycamore, Illinois.
Technology challenges in regulatory reporting and how to overcome them
The global financial crisis that began in 2007 and peaked in 2008 and 2009 was the greatest blow to the financial world, creating global shockwaves. The economic situation has created a need for financial services firms to accurately scale required levels of regulatory compliance and economic capital to support business strategy and risk appetite. Subhasis Bandyopadhyay, head capital markets CoE at Mindtree, writes
UK sells £13bn of Northern Rock mortgages to Cerberus
The UK Treasury has sold £13bn ($19.8 billion) of Northern Rock mortgages to US investment firm Cerberus Capital Management.
Banks can earn additional revenues of $380bn through financial inclusion: Accenture
Banks can earn surplus annual revenues of $380bn through targeting micro-enterprises, and including unbanked and underbanked adults into the formal financial system, according to a report released jointly by Accenture, through Accenture Development Partnerships, and CARE International UK.
ABK wraps up acquisition of Piraeus Bank Egypt
Al Ahli Bank of Kuwait (ABK) has concluded the acquisition of a 98.5% stake in Piraeus Bank Egypt (PBE) for $150m.