All articles by Verdict Staff
Verdict Staff
National Bank of Canada increases stake in AfrAsia Bank to 17.5%
Montreal-based National Bank of Canada (NBC) has raised its stake in Mauritius-based AfrAsia Bank to 17.5%, which makes it the second-largest investor in the bank.
British banks face £40bn extra tax bill after Osborne’s levies
UK’s banks will have to pay £40bn in extra taxes over a decade after being hit with industry specific levies imposed by Chancellor George Osborne.
BofAs consumer banking arm records 4% rise in Q2 income
The consumer banking arm of Bank of America (BofA) has posted a net income of $1.7bn for the second quarter of 2015, an increase of 4.28% from $1.63bn a year ago.
Barclays deputy chairman quits to become Worldpay chairman
Barclays’ deputy chairman Sir Mike Rake is set to step down from his role by the end of 2015 to become chairman of payments processing firm Worldpay, which was formerly owned by RBS.
Emirates NBD retail, wealth arm registers marginal rise in H1 income
The Retail Banking and Wealth Management (RBWM) division of Emirates NBD has reported a total income of AED2.82bn for the first half of 2015, a marginal rise of 1.07% from AED2.79bn in the year ago half.
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FNB to enable debit or cheque cancellation on self service devices
First National Bank (FNB) is set to enable cancellation of a lost or stolen debit or cheque card at an FNB ATM, ADT or Slimline.
BOC Hong Kong plans to sell Nanyang Commercial Bank for $8.8bn
BOC Hong Kong Holdings, a unit of Bank of China, is planning to offload its subsidiary Nanyang Commercial Bank (NCB) for HK$68bn ($8.8bn).
Wells Fargo community banking arms earnings slip in Q2
Wells Fargo & Company’s community banking segment has posted a net income of $3.36bn for the second quarter of 2015, a decrease of 2.12% compared to $3.43bn in the year ago quarter.
Yes Bank plans to foray into UK
Indian private sector lender Yes Bank is reportedly planning to foray into UK banking market to tap international investors.
Scotiabank to buy Citigroup’s Panama and Costa Rica operations
Canadian lender Scotiabank has agreed to acquire Citigroup’s retail and commercial banking businesses in Panama and Costa Rica.