All articles by Verdict Staff
Verdict Staff
ICBC first half profit improves marginally
Industrial and Commercial Bank of China (ICBC) has reported an attributable net profit of RMB149.02bn for the first half of 2015, a marginal rise of 0.62% compared to RMB148.10bn a year earlier.
MoneyGram launches account deposit service for Honduras Banco de Occidente
MoneyGram has rolled out a new account deposit product that enables clients to send money directly to all Banco de Occidente accounts in Honduras.
India looking to privatise some state-owned banks-report
The Indian government is considering a proposal to slash its stakes in some public sector banks to 33% in phases, Business Standard newspaper reported.
Interpark forms consortium to set up internet-only bank
South Korean online shopping site Interpark has formed a consortium to secure regulatory nod for launching an internet-only bank.
RBC personal & commercial banking unit sees 13% rise in Q3 net income
The personal & commercial banking division of Royal Bank of Canada (RBC) has recorded a net income of C$1.28bn for the third quarter of 2015, an increase of C$143m or 13% compared to the prior year.
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Luxembourg banking community selects Worldline’s ACS for 3D-Secure
The Luxembourg banking community has chosen Worldline’s Access Control Server (ACS) solution for 3D-Secure, in collaboration with Luxembourg-based certification authority LuxTrust.
Northfield Bank to snap up Hopewell Valley Community Bank for $54.9m
Northfield Bank, the wholly-owned subsidiary of Northfield Bancorp, has agreed to acquire Hopewell Valley Community Bank for $54.9m.
Liberty Bank chooses Accentures mortgage origination platform
US-based Liberty Bank has chosen Accentures mortgage origination software to boost operational efficiency and compliance capabilities.
StanChart makes big equity investment in Chinese P2P finance venture
A consortium led by Standard Chartered has invested $207m in Chinese peer-to-peer online lender Dianrong.com.
CIB receives approval to buy Citibanks retail and cards businesses in Egypt
Egypt’s Commercial International Bank (CIB) has received the go-ahead from the Central Bank of Egypt to acquire Citigroup’s retail portfolio and cards businesses in Egypt.