All articles by Verdict Staff
Verdict Staff
Alibaba receives approval to operate its online bank in China
China Banking Regulatory Commission has approved the Chinese e-commerce giant Alibaba Group Holding-affiliated online bank, MYbank, to commence operations.
TD Bank agrees to acquire Nordstrom US credit card portfolio
Toronto-Dominion Bank (TD Bank) has reached an agreement to buy US retailer Nordstrom’s existing US Visa and private label consumer credit card portfolio, which totals about $2.2bn in receivables.
Bangkok Bank to debut operations in Myanmar
Bangkok Bank, Thailand’s largest lender by assets, has obtained permission from the Central Bank of Myanmar to debut its banking operations in Myanmar.
Al Rajhi Bank collaborates with Diebold to introduce branch automation
Al Rajhi Bank, a Saudi Arabian bank, has collaborated with Diebold to drive its migration from traditional teller line to automated branch banking.
HSBC to merge its Indonesian branch with Bank Ekonomi
London-based lender HSBC is planning to merge its Indonesian branch with Bank Ekonomi Rahardja, its local subsidiary, by 2017.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Kenya’s Equity Bank to enter into Democratic Republic of Congo
Kenya’s Equity Bank has signed an agreement to acquire controlling interest in ProCredit Bank Congo, marking its entry into the Democratic Republic of Congo (DRC).
GTBank partners with Etisalat to offer new retail banking service
Guaranty Trust Bank (GTBank), an African lender, has formed a strategic alliance with Etisalat, a Nigerian telecommunications company, to introduce a new savings account service for customers.
Bank of Scotland to close 13 branches across Scotland
Bank of Scotland is planning to close 13 of its branches across Scotland by 18 September 2015.
ICICI Bank rolls out voice authentication service for banking customers
Indian private sector bank ICICI Bank has launched voice recognition service to authenticate banking transactions for customers.
Russia’s Vozrozhdenie Bank to consider merger with Absolut Bank
Russian lender Vozrozhdenie Bank is exploring the possibilities to merge with Moscow-based Absolut Bank.