All articles by Verdict Staff
Verdict Staff
IDFC receives license start retail banking business in India
IDFC Bank, a subsidiary of diversified financial services firm IDFC, has received approval from Reserve Bank of India (RBI) to start retail banking operations in India.
Independent Bank Group to buy Grand Bank for $80.1m
Independent Bank Group has signed a definitive agreement to take over Grand Bank, Dallas, Texas, for $80.1m.
RBS to further slash stake in Citizens Financial
Citizens Financial in an SEC filing disclosed that Royal Bank of Scotland (RBS) is planning to further reduce its stake in lender in a secondary offering.
Santander UK launches ‘cash kitty’ app to target Whatsapp generation
Santander UK has launched a group money management app called KiTTi to counter the growing presence of tech giants like Facebook, Whatsapp, Google and Apple.
Commerzbank chooses SAS platform for multi-channel marketing
Germany’s Commerzbank has adopted SAS Customer Intelligence to support its multi-channel marketing program and personalise communication with both private and business clients.
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Citigroup to close Banamex USA, pay $140m in fine
Citigroup is set to close Banamex USA operations and has agreed to pay a fine of $140m to regulators who alleged that the bank had not done enough to correct weaknesses found in its 2012 anti-money laundering programs.
HSBC to sell Turkish business to ING Group for nearly $750m-report
British banking giant HSBC is set to agree to sell its business in Turkey to Dutch bank ING Group for about $700-$750m, Reuters has reported.
JPMorgan Chase plans to expand into Washington DC-report
JPMorgan Chase is reportedly planning to open hundreds of retail branches in Washington DC and the surrounding suburbs over the next five years.
Standard Bank expands InstantMoney service to Botswana, Uganda
South Africa-based Standard Bank has expanded its InstantMoney payment solution to Botswana and Uganda as part of its strategy to launch the service across the continent.
CIT receives regulatory nod to acquire OneWest Bank
CIT Group has secured the go-ahead from US regulators to acquire OneWest Bank and its parent IMB Holdco in a $3.4bn deal.