All articles by Verdict Staff
Verdict Staff
UniCredit to axe 18,200 jobs by 2018
Italian banking major UniCredit has announced plans to shed 18,200 jobs by 2018, as part of a revised strategic plan aimed at improving capital position.
Indiabulls Housing Finance to purchase 39.76% stake in OakNorth Bank
Indiabulls Housing Finance, a private non deposit taking finance company in India, plans to acquire a 39.76% stake in British lender OakNorth Bank for $100m.
Raphaels Bank launches payment services division
Raphaels Bank, a small UK-based independent bank, has rebranded its card services division as Raphaels Bank Payment Services.
Westpac enables card activation via mobile
Westpac has enabled customers to activate a new debit or credit card through their smartphone camera, becoming the first bank in Australia to do so.
The innovation hole: How do banks stimulate change?
Just about every bank, established or start-up or challenger, says that innovation is at the heart of their operation. Just how fair are such claims and how can lenders, encumbered as they are by their size, culture and regulatory environment truly be innovative asks Phil Tootell
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Emirates NBD, SBI team up for 60 seconds remittances
Emirates NBD has expanded its partner bank network in India to include State Bank of India (SBI) for the DirectRemit 60 seconds remittance platform.
Alpha Bank offloads Bulgarian banking unit to Eurobank
Greek lender Alpha Bank has concluded the sale of its Bulgarian banking business to Eurobank subsidiary Eurobank Bulgaria (Postbank).
Paytm to recruit 3,000 employees for payment bank service
Indian mobile commerce platform Paytm is planning to recruit about 3,000 employees for its payment bank operations by June 2016.
Bank of the Ozarks to purchase C1 Financial and C1 Bank for $402.5m
Bank of the Ozarks has agreed to acquire C1 Financial (C1) and its wholly-owned bank subsidiary C1 Bank in a deal worth about $402.5m.
Santander selects Meniga for personal finance management solution
Spanish banking giant Santander has selected online banking solutions provider Meniga to deliver advanced personal finance management to its customers globally.