All articles by Verdict Staff
Verdict Staff
BTMU Holland selects Wolters Kluwer for risk management solution
Bank of Tokyo-Mitsubishi UFJ Holland (BTMU Holland) has selected Wolters Kluwer Financial Services’s OneSumX solution to manage both its liquidity risk as well as its credit risk.
NBAD unveils new mobile banking platform
The National Bank of Abu Dhabi (NBAD) has rolled out a new mobile banking solution for its customers in the UAE.
UAE’s RakBank unveils gold investment tool for HNW customers
UAE-based RakBank has launched a gold investment tool, dubbed RakGoldInvest, which allows the bank’s high-net-worth (HNW) clients to invest in gold electronically without having to store or move the gold.
Six global banks fined $5.7bn for rigging benchmark rates
Six major global banks have been penalized with hefty fines totaling about $5.7bn by the UK and US regulators for manipulating the foreign exchange market.
Sainsburys Bank partners with Western Union for money transfer services
Sainsburys Bank, a UK-based supermarket bank, has partnered Western Union to provide money transfer services to Sainsbury’s stores across the UK.
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Deutsche Bank weighs UK exit plans
German banking major Deutsche Bank is considering plans to exit UK and move its business to Germany if a referendum ends the UK’s membership of the European Union.
Former FSA chief to lead review of British banks competitiveness
The British Bankers’ Association (BBA) has appointed former FSA chief Hector Sants to lead new review into the competitiveness of Britain’s banking sector.
Bank of Communications buys 80% stake in Brazil’s Banco BBM
China’s state-owned Bank of Communications (BoCom) has acquired 80% stake in midsize Brazilian lender Banco BBM for $173m.
Emirates NBD mulls payments arm IPO-report
Dubai-based Emirates NBD and private equity firm Abraaj Group are reportedly considering listing shares of credit-card processing unit, Network International.
HSBC to charge banking clients to hold some European currencies-report
British banking major HSBC will charge banking clients to hold some European currencies as interest-rate remain low the region, according to Bloomberg.