All articles by Verdict Staff
Verdict Staff
PBB Bancorp to acquire First Mountain Bank
Los Angeles-based PBB Bancorp, the holding company of Premier Business Bank, has agreed to acquire First Mountain Bank, which is based in Big Bear Lake, California, for approximately $13.4m.
Mexicos Inbursa finalises deal to buy Walmexs banking unit
Mexico’s Grupo Financiero Inbursa, a financial company that provides banking and related services through its subsidiaries, has finalized a deal to buy the banking unit of Wal-Mart de Mexico (Walmex).
HSBC names new US retail banking, wealth management head
HSBC has hired Pablo Sanchez from JPMorgan Chase as head of retail banking and wealth management in the US and Canada.
Atlas Mara in talks to buy Finance Bank Zambia
Atlas Mara, the company co-founded by former Barclays CEO Bob Diamond to invest in African financial businesses, is reportedly holding negotiations to acquire Finance Bank Zambia (FBZ).
Westpac signs four-year PoS deal with Verifone
Australian lender Westpac has inked a four-year agreement with Verifone Systems under which the bank will deploy over 100,000 VX 690 point of sales (PoS) payment terminals and accompanying online services.
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BB&T wraps up Bank of Kentucky acquisition
BB&T Corporation has completed the acquisition of The Bank of Kentucky Financial Corporation, a deal that included 32 retail branches in northern Kentucky and Cincinnati.
Fifth Third Bank to close 100 branches across US
Fifth Third Bancorp has confirmed that it is planning to close or sell about 100 of its 1,303 branch offices in 2016 as customers are increasingly shifting toward mobile banking.
Indian government plans to infuse $9bn in public sector banks
Indian government is planning to infuse nearly INR570bn ($9bn) in public sector banks over the next two fiscal to meet global risk norms and for growth, finance secretary Rajiv Mehrishi revealed.
FINRA fines Morgan Stanley, Scottrade for supervisory failures
The Financial Industry Regulatory Authority (FINRA) has fined Morgan Stanley Smith Barney and Scottrade a combined $950,000 for not implementing sufficient supervisory systems to monitor the third-party fund transfers.
Croatian bank Hrvatska Postanska selects Infosys platform for payment service
Croatia-based Hrvatska Postanska Banka (HPB) has chosen Indian IT major Infosys’ Finacle Payments solution to offer bespoke payment service to its customers.