All articles by Verdict Staff
Verdict Staff
U.S. Bancorp Q3 net income rises to $1.49bn
U.S. Bancorp has posted an attributable net income of $1.49bn for the third quarter of 2015, or $0.81 per diluted common share, an increase of 1.2% compared with $1.47bn, or $0.78 per diluted common share, a year earlier.
Sparebank 1 acquires Norwegian operations of mCash
Norway’s Sparebank 1 has cquired the Norwegian operations of mobile payment network mCash for an undisclosed sum.
Chilean lender Bci wraps up City National Bank acquisition
Chilean lender Banco de Credito e Inversiones (Bci) has completed the acquisition of Miami-based City National Bank (CNB) for $946.9m, following the receipt of approval from US regulators on 21 September 2015.
TD Bank commences layoffs in Canada, US after cost-cutting review
Toronto-Dominion Bank (TD Bank) has started laying off employees in Canada and the US as part of a company-wide initiative to slash costs.
First Bank of Nigeria launches subsidiary in Gambia
First Bank of Nigeria has bolstered its African footprint with the launch of FBNBank Gambia, formerly registered as International Commercial Bank (ICB).
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Seacoast Banking to acquire BMO Harris Banks Orlando operations
Seacoast Banking Corporation of Florida (Seacoast), the holding company for Seacoast National Bank, has agreed to buy the Orlando banking operations of BMO Harris Bank, including 14 BMO branches in the region.
Citigroups global consumer banking arm records 11% dip in Q3 income
The global consumer banking (GCB) unit of Citigroup has posted a net income of $1.67bn for the third quarter of 2015, down 11.1% from $1.88bn in the year ago quarter.
Scotiabank to buy JPMorgan Chase’s Canada credit card portfolio
Canadian lender Scotiabank has agreed to acquire JPMorgan Chase’s MasterCard and private label credit card portfolio and the related credit card operations.
Wells Fargos community banking arm registers 6.5% rise in Q3 income
Wells Fargo & Company’s community banking segment has posted a net income of $3.69bn for the third quarter of 2015, up 6.5% as compared to $3.46bn in the year ago quarter.
BofAs consumer banking unit sees 5% rise in Q3 net income
The consumer banking arm of Bank of America (BofA) has posted a net income of $1.76bn for the third quarter of 2015, an increase of 5% compared to $1.67bn a year ago.