All articles by Verdict Staff
Verdict Staff
Chase Bank Kenya, Safaricom partner to launch mobile-money solution for businesses
Chase Bank Kenya has collaborated with Safaricom to launch a service for businesses to aggregate all their banking services and making them accessible through a mobile phone.
HSBC Q3 pre-tax profit surges 32%
British banking giant HSBC has posted pre-tax profit of $6.09bn for the third quarter of 2015, a surge of 32% compared with $4.61bn in the parallel quarter of 2014.
Banco Santander nine-month attributable profit rises 17%
Spanish lender Banco Santander has reported ordinary attributable profit of EUR5.12bn in the nine months to 30 September 2015, a 17% increase compared to EUR4.36bn a year ago.
Barclays’ Personal and Corporate Banking arm registers 11% rise in Q3 profit
The Personal and Corporate Banking arm of Barclays has posted an attributable profit of £646 for the third quarter of 2015, an increase of 11.7% compared to £578m a year ago.
New York Community Bancorp to purchase Astoria Financial for $2bn
New York Community Bancorp, the parent of New York Community Bank and New York Commercial Bank, has agreed to acquire Astoria Financial, the parent of Astoria Bank, in a $2bn deal.
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Standard Bank opens Ethiopia representative office
South African lender Standard Bank has expanded its presence in East Africa with the launch of a representative office in Ethiopia.
RBS to sell remaining $2.7bn stake in Citizens Financial
British banking giant RBS has launched a registered underwritten public offering to sell its remaining 20.9% stake in Citizens Financial Group (CFG).
Nomuras retail arm report 5% decline in Q2 pre-tax income
The retail division of Nomura Holdings has reported a pre-tax income of JPY36.7bn ($304m) for the second quarter, a decline of 5% compared with year ago quarter.
Bank of the Cascades to purchase 15 Bank of America branches
Cascade Bancorp, the parent of Bank of the Cascades, has agreed to acquire 12 Oregon and three Washington branch locations from Bank of America, National Association.
ANZ lifts full-year cash profit to A$7.21bn
Australia and New Zealand Banking Group (ANZ) has reported a full-year cash profit of A$7.21bn, an improvement of 1% compared to A$7.11bn a year ago.