All articles by Verdict Staff
Verdict Staff
National Bank of Canada to eliminate hundreds of jobs in restructuring
National Bank of Canada is set to slash nearly 400 jobs, or 2.3% of its workforce, as part of a restructuring in the face of changing IT and consumer preferences.
DIB receives regulatory nod to raise stake in Bank Panin Syariah to 40%
Dubai Islamic Bank (DIB) has secured formal approval from the Financial Services Authority, Indonesia (OJK) to raise its stake in Indonesian lender Bank Panin Syariah to 40%.
RBS submits banking licence for spin-off lender Williams & Glyn
British banking major RBS has submitted the banking licence application to the UK regulators for its spin-off lender Williams & Glyn.
ANZ Banking Group names new CEO
ANZ Banking Group has appointed its CFO Shayne Elliott as the group’s new CEO, replacing Mike Smith – who joined the bank as CEO in 2007.
China caps offshore card withdrawals
The Chinese government has capped overseas credit card withdrawals in an effort to prevent capital outflows.
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Federal Reserve approves M&T Bank, Hudson City merger
M&T Bank has received regulatory approval from the Federal Reserve to complete the merger with Hudson City, three years after the deal was first announced.
Maybank, SAGE release new digital banking platform in Malaysia
Malaysian lender Maybank has collaborated with technology vendor SAGE to launch a new digital banking solution for SMEs in its home market.
US online lender SoFi raises $1bn in fresh funding round
Social Finance (SoFi), a US-based online marketplace lender and provider of student loan refinancing, has raised $1bn in fresh funding led by the Japan’s SoftBank.
Fifth Third Bank disposes retail unit in St. Louis
Fifth Third Bank has agreed to sell its retail operation, including its retail accounts, certain private banking deposits and related loan relationships in the St. Louis MSA to Great Southern Bank.
UniCredit to sell EUR1.2bn credit portfolio to AnaCap
Italian banking major UniCredit has agreed to sell a EUR1.2bn ($1.34bn) portfolio of non-performing loans to British private equity firm AnaCap Financial Partners.