All articles by Verdict Staff
Verdict Staff
Heartland Bank agrees to acquire American Midwest Bank
Bloomington-based Heartland Bank and Trust has agreed to acquire American Midwest Bank in Sycamore.
Banco BPI eyes stake sale in Banco de Fomento Angola: report
Portugals Banco BPI is exploring sale of a stake in Angolan bank Banco de Fomento Angola (BFA), Portuguese financial daily Jornal de Negócios has reported.
Nigeria’s Fidelity Bank deploys Finacle version 10 core banking platform
Nigeria-based Fidelity Bank has extended its alliance with Infosys Finacle by migrating to Finacle version 10 core banking platform from Finacle version 7.
RBI gives in-principle nod to 11 payment banks
The Reserve Bank of India (RBI) has given ‘in-principle’ approval to 11 payment banks applicants.
South Korea’s financial regulator gives green light to Hana Bank-KEB merger
The South Korean Financial Services Commission (FSC) has given the go-ahead to Hana Financial Group’s plan of merging its two banking units.
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BB&T to close overlapping branches in National Penn deal
BB&T’s planned acquisition of Allentown-based National Penn Bancshares is set to result in closure of about 25 overlapping branches and back office job cuts.
OTP Bank eyes takeover of Greek banks’ units
Hungarian lender OTP Bank is considering acquisition opportunities in countries including Bulgaria, Romania and Serbia where weakened Greek banks have units.
First Tech Federal Credit Union, MasterCard testing ‘Selfie Pay’ system
US-based First Tech Federal Credit Union has implemented a pilot program with MasterCard to test out biometric authentication for online transactions.
Deutsche Bank plans sale of operations in China and India
Deutsche Bank is planning to offload its stake in Hua Xia Bank, and divest its retail banking operations in India, reported business daily Handelsblatt.
RBS close to sell Russian banking operations: report
State-backed British lender Royal Bank of Scotland (RBS) is said to have moved closer in divesting its Russian banking assets to a local lender.