All articles by Verdict Staff
Verdict Staff
Equity Bank rolls out new mobile payment and banking platform in Kenya
Equity Bank Group has introduced a new mobile payment and banking platform for its customers in Kenya.
Citigroup fined $770m for illegal credit card practices
Citigroup has been ordered to pay a fine of about $770m over deceptive marketing and unfair billing of credit card add-on products.
BNP Paribas partners with Facebook, Google, LinkedIn, Twitter to boost digital presence
French banking giant BNP Paribas has joined forces with Facebook, Google, LinkedIn and Twitter to develop its digital presence worldwide.
ANZ plans to open more branches in India
Australia and New Zealand Banking Group (ANZ) is planning to seek Reserve Bank of Indias (RBI) approval to open more branches in the country.
China tightens control over internet financing platforms
China has issued new guidelines for internet financing firms, in a bid to tighten their grip on the sector, minimise loss and support innovation.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Banco Bradesco in talks to acquire HSBC Brazil
Brazilian private-sector lender Banco Bradesco has started exclusive talks to buy HSBC Bank Brasil Banco Múltiplo, the Brazilian unit of HSBC Holdings.
BDO Unibank completes takeover of One Network Bank
BDO Unibank has completed the acquisition of Philippines’ rural lender One Network Bank under a share swap deal.
Federal Reserve directs major US banks to hold $200bn in extra capital
The Federal Reserve Board has approved a final rule that requires global systemically important banks, or G-SIBs, to hold an additional $200bn capital cushion to increase their resiliency in light of the greater threat they pose to the financial stability of the US.
Barclays planning to lay off 30,000 employees – report
British banking giant Barclays is planning to axe over 30,000 employees within two years after sacking CEO Antony Jenkins recently, The Times has reported.
Bank of Cyprus to offload majority of Russian assets
Bank of Cyprus has agreed to sell majority of its Russian operations, including its 80% stake in Russia’s Uniastrum Bank, to Artyom Avetisyan, the majority shareholder in Russia’s Regional Credit Bank.