All articles by Verdict Staff
Verdict Staff
Indonesia’s Bank Windu in acquisition talks with China Construction Bank
Indonesian lender PT Bank Windu Kentjana International (Bank Windu) has confirmed its talks to be bought by China Construction Bank (CCB), in a listing on the Indonesia Stock Exchange (IDX).
Kenyas Chase Bank inks technical assistance agreement with Rabo
Chase Bank Kenya and Netherlands-based Rabo Development have signed a technical assistance agreement to increase access to banking services in Kenya.
Banco de Chile taps Wincor Nixdorf to replace 500 ATMs
Banco de Chile, a Chilean lender with a strong focus on retail banking, has ordered 500 automated teller machines from Wincor Nixdorf to replace its current ATMs with secure systems.
Lloyds penalised £117m for mis-handling PPI complaints
Lloyds Banking Group has been fined £117m ($180m) by the UK’s Financial Conduct Authority (FCA) for mis-handling payment protection insurance (PPI) complaints.
Renault forays into UK retail market
RCI Banque, the financing brand of French multinational automobile manufacturer Renault Group, has entered the UK savings market with the launch of RCI Bank.
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Pakistans central bank approves Barclays Bank-HBL merger
The State Bank of Pakistan (SBP) has approved the merger of Barclays Banks Pakistani operations with Habib Bank Limited (HBL).
UK may begin RBS share sale in September
The UK government may begin an initial sale of shares in Royal Bank of Scotland (RBS) in September 2015 to avoid clashing with the sale of Lloyds Banking Group.
Deutsche Bank names new CEO as Anshu Jain, Juergen Fitschen resign
Deutsche Bank has appointed John Cryan, a member of Deutsche Bank’s Supervisory Board, as its new co-CEO, through an emergency meeting after the bank’s co-CEOs Anshu Jain and Juergen Fitschen offered to resign.
ICBC starts operations in Saudi Arabia
Industrial and Commercial Bank of China (ICBC) has started operations in Saudi Arabia with the opening of a branch in Riyadh.
Standard Bank plans to expand in West Africa
Standard Bank has reportedly decided to move ahead with plans to expand its operations to French-speaking West Africa with a new Ivory Coast-based branch.