All articles by Verdict Staff
Verdict Staff
US retail banks to invest $16.6bn on digital transformation initiatives: Study
In order to develop and implement digital transformation initiatives, retail banks in the US will spend about $16.6bn on hardware, software, services, and internal IT staff in 2015, according to new report from IDC Financial Insights.
Banco INVEX renews payments accord with TSYS
Mexican banking company Banco INVEX has renewed its payments agreement with TSYS, a US-based credit card processor.
Hungary pays GE Capital $700m for Budapest Bank
Hungary’s state-owned investment firm Corvinus has signed a deal to acquire 100% stake in Budapest Bank, the local unit of GE Capital, for $700m.
ANZ receives full banking license in Thailand
Australian banking giant ANZ has received a full banking licence in Thailand, which will allow it to upgrade its presence from a representative office to a subsidiary and transact in local currency.
Amicus Finance in talks to apply for banking licence in UK-report
Short term lending specialist Amicus Finance is in early stage negotiations with the regulator on seeking a UK banking licence, the Financial Times reported citing undisclosed sources.
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British regulators approve Sabadell’s £1.7bn takeover of TSB
Spanish lender Banco Sabadell has received green light from Britain’s financial regulators for its £1.7bn acquisition of Britain’s TSB Banking, a spin-off of Lloyds Banking.
WSFS Financial launches cardless ATM technology
WSFS Financial, the parent company of WSFS Bank, has introduced a new service that allows clients to securely withdraw cash from an ATM by using their WSFS Mobile Banking app.
Greece shuts all banks for six business days, imposes capital controls
Greek government has decided to shut down all banks in the country for six business days and impose restrictions on cash withdrawals to stem deposit flight after bailout talks between the government and foreign lenders broke down at the weekend.
British financial services firms want government to cut compliance cost: CBI/PwC study
Financial services firms in the UK want the newly elected government to make cutting the cost of regulatory compliance a priority, according to a CBI/PwC survey.
Meezan Bank to buy Pakistan unit of HSBC Bank Oman
Meezan Bank has agreed to acquire HSBC Bank Oman’s business in Pakistan for an undisclosed sum.