All articles by Verdict Staff
Verdict Staff
PZU to buy 25% stake in Poland’s Alior Bank
Poland’s state-controlled insurance firm PZU has signed an agreement to purchase a 25.3% stake in mid-tier Polish lender Alior Bank from the bank’s biggest shareholder, Carlo Tassara.
GE commences its US lending business sale
General Electric has launched the bidding process for a portion of its US commercial lending assets, roughly valued at $40bn, as a part of its effort to sell off the bulk of its financial-services arm, GE Capital.
Japan’s Shinsei Bank eyes GE Capital’s Asia-Pacific assets
Japanese lender Shinsei Bank is considering bidding for GE Capital’s Asia-Pacific assets as the mid-sized bank seeks to grow its business.
JPMorgan plans to slash 5,000 jobs – report
US banking giant JPMorgan Chase is planning to cut thousands of jobs over the next year in a drive to save costs.
StanChart to invest in global retail banking business, says executive
Standard Chartered is reportedly planning to invest hundreds of millions of dollars to raise the share of income from its retail business 10 percentage points by 2020, said the bank’s group head of retail clients.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Bank of the West revamps online banking services
Bank of the West, a subsidiary of BNP Paribas Group, has launched its newly redesigned online banking platform for its personal and business banking customers.
RBC personal & commercial banking unit posts 8% rise in Q2 net income
The personal & commercial banking arm of Royal Bank of Canada (RBC) has posted a net income of C$1.2bn for the second quarter of 2015, up 8% as compared to the previous year.
Misys launches in-memory analytics engine to enhance retail banking
Misys, a financial software company, has launched an in-memory analytics engine branded FusionBanking Insight, integrated with its core banking solution, FusionBanking Essence.
Bank of England definite on retail bank ring-fencing
The Bank of England (BoE) has unveiled its plans to continue with its ring-fencing rules that separate financial firms’ retail banking from investment banking.
Bank of Yokohama, Metrobank partner to serve Japanese clients in Philippines
Japanese financial services firm the Bank of Yokohama (BOY) has signed an agreement with the Philippines-based Metropolitan Bank & Trust (Metrobank) to facilitate banking services for Japanese companies operating in the Philippines.