All articles by Verdict Staff
Verdict Staff
FNB agrees to buy Metro Bancorp for $474m
FNB Corporation, a diversified financial services company in Pittsburgh, Pennsylvania, has agreed to acquire Harrisburg-based Metro Bancorp, the parent company of Metro Bank, in an all stock deal worth $474m.
UK offloads 5.4% stake in RBS for £2.08bn
The Britain government has kicked off a long-awaited privatisation of the Royal Bank of Scotland Group (RBS) by selling a 5.4% stake in the bank for £2.08bn ($3.24bn).
CIT Group wraps up $3.4bn acquisition of OneWest Bank
CIT Group has completed its $3.4bn acquisition of OneWest Bank and its 70 retail branches in Southern California.
SBP approves merger of HSBC Bank Oman and Meezan Bank
The State Bank of Pakistan (SBP) has given the green light to the merger of HSBC Bank Oman operations in Pakistan with sharia-compliant Pakistani lender Meezan Bank.
Maybank begins branch operations in Myanmar
Malaysias Maybank has started its branch operations in Myanmar, after receiving the final licence from the Central Bank of Myanmar.
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Bank Rakyat rolls out Sharia-based financial management app
Malaysia’s Bank Rakyat has launched a Sharia-based financial management app with an aim to give the citizens an insight into financial planning and spending habits.
Commerzbank operating profit surges in Q2
German lender Commerzbank has posted an operating profit of EUR385m for the second quarter of 2015, up 49.8% compared to EUR257m in the year ago quarter.
HSBC to offload Brazilian arm to Banco Bradesco for $5.2bn
HSBC has agreed to sell its entire Brazilian business to Brazils private sector lender Banco Bradesco in an all-cash deal worth $5.2bn.
Indian government to pump $11bn into public sector banks-report
The Indian government is planning to infuse $11bn of capital into debt-struck state banks over the next four years, Reuters has reported.
HSBC H1 pretax profit up 10%
British banking giant HSBC posted a pretax profit of $13.6bn for the first half of 2015, an increase of 10% from $12.3bn a year earlier.