All articles by Verdict Staff
Verdict Staff
StanChart posts loss of $139m in Q3; plans 15,000 job cuts
Standard Chartered has registered a loss before tax of $139m for the third quarter of 2015, compared to a profit before tax of $1.53bn in the year-ago quarter.
SBI Paris opts for Wolters Kluwer regulatory reporting solution
State Bank of India (SBI) Paris has selected Wolters Kluwer Financial Services OneSumX Regulatory Reporting solution to enhance regulatory compliance for its activities in France.
Westpac’s retail and business banking segment full-year earnings up 8%
Westpacs retail and business banking unit (Westpac RBB) has reported cash earnings of A$2.8bn for the full year ended 30 September 2015, up 8% compared to A$2.6bn a year ago.
JPMorgan to pay $50m to settle California illegal credit card practices
JPMorgan Chase has agreed to pay $50m to settle charges of abusive credit card debt collection practices against tens of thousands of people in California.
NAB signs Visa as partner to boost payments development
National Australia Bank (NAB) has signed an exclusive 10-year deal with Visa to develop new payment technologies.
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BNP Paribas retail banking arms Q3 income rises 7.2%
The retail banking unit of French lender BNP Paribas has reported a pre-tax income of EUR2.25bn for the third quarter of 2015, up 7.2% compared to EUR2.1bn in the year-ago quarter.
KeyCorp to buy First Niagara Financial Group for $4.1bn
KeyCorp has agreed to acquire First Niagara Financial Group in a cash and stock deal worth about $4.1bn.
RBS registers 6% rise in Q3 net profit
British banking giant Royal Bank of Scotland (RBS) has posted an attributable profit of £952m for the third quarter of 2015, a rise of 6.2% compared to £896m in the year-ago quarter.
Japanese lenders Ashikaga, Joyo Bank agree to merge
Japanese regional lenders Ashikaga Holdings and Joyo Bank have agreed to merge in a deal that could create the nation’s third-largest regional banking group.
DBS Group registers 6% rise in Q3 net profit
Singapore-based lender DBS Group has posted a net profit of SGD1.07bn for the third quarter of 2015, a rise of 6% from SGD1bn a year ago.