All articles by Verdict Staff
Verdict Staff
ING emerges as frontrunner to buy HSBC’s Turkish operations
Dutch bank ING Group has reportedly left behind Bahrain’s Arab Banking Corp (ABC) and France’s BNP Paribas to emerge as leading bidder to acquire HSBC’s Turkish unit.
Deutsche Bank extends IT outsourcing contract with Accenture
German banking major Deutsche Bank has extended the existing information technology (IT) outsourcing contract with Accenture for additional five-years.
Shinhan Card opens new credit arm in Kazakhstan
Korean credit card company Shinhan Card has expanded its presence into the overseas market by opening a new branch in Almaty, Kazakhstan.
Vietnamese lender BIDV may sell 15-20% stake to foreign investor
Vietnamese bank BIDV is in talks to sell a 15-20% stake to a long-term foreign investor in the banking sector, and 10% to another overseas investor in 2016, the chairman of the bank said.
The Digital Banking Club: Get people together and invest in the future
A panel of financial experts gathered at the historic Law Society on Chancery Lane to debate legacy infrastructure and the constraints it places on digital innovation, while offering a myriad of consumer-centric and cost-effective solutions. However, with legacy systems bogging down banking infrastructure, can the banks manage this? Franchesca Hashemi writes
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Wintrust Financial completes North Bank acquisition
Wintrust Financial has completed its previously announced acquisition of North Bank by its wholly-owned subsidiary, Wintrust Bank.
Santander partners with Monitise to launch fintech JV
Spanish banking giant Banco Santander and British mobile money vendor Monitise have formed a joint venture that will look to invest in the disruptive financial technology businesses.
State Bank of India to overhaul branch formats in digital push
State Bank of India (SBI) is planning to undertake a major overhaul in branch formats and open new digital branches to target young customers.
Mitsubishi UFJ eyeing further retail bank acquisition in Asia
Japanese banking giant Mitsubishi UFJ Financial Group is mulling to acquire another bank in Asia, two years after its bought Thailand’s Bank of Ayudhya for $5bn.
US fund Apollo and EBRD acquire Slovenian bank NKBM for EUR250m
Slovenian Sovereign Holding (SSH), which is coordinating the privatization process in the country, has signed a deal to sell Slovenia’s second-largest bank Nova KBM (NKBM) to US buyout fund Apollo Global Management and EBRD for EUR250m ($279m).