All articles by Verdict Staff
Verdict Staff
National Bank of Oman proposes to buy United Finance
National Bank of Oman has reportedly offered to purchase fellow domestic lender United Finance, challenging the latter’s potential merger with Bank Nizwa, Reuters has reported.
Infosys join forces with Microsoft to offer Finacle on Azure
Indian IT major Infosys has extended its partnership with Microsoft to offer its Finacle suite of digital banking solutions on Microsoft Azure.
TSB to invest £250m to improve digital offering
British lender TSB has said that it will invest £250m to improve its digital offering and branch network, as part of its growth strategy.
BBVA to close 285 branches, cut jobs in Catalonia
Spanish banking group BBVA is planning to close 285 branches and cut jobs in Catalonia, after acquisition of the previously nationally-owned Catalunya Banc, reported Catalan News Agency.
BNP Paribas retail arm registers 20% jump in Q1 pre-tax income
The retail banking arm of BNP Paribas has reported pre-tax income of EUR1.77bn for the first quarter of 2015, a surge of 20.4% as compared to the corresponding quarter of 2014.
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RBS UK PBB arm registers 31% fall in Q1 operating profit
The UK Personal & Business Banking (UK PBB) segment of the Royal Bank of Scotland (RBS) has posted operating profit of £348m for the first quarter of 2015, a slump of 31.7% compared with £510m a year earlier.
Tencent and Bank of Beijing forge $1.6bn online banking tie-up
Bank of Beijing has entered into a strategic cooperation agreement with Chinese internet firm Tencent Holdings.
StanChart aims to generate up to 50% of groups operating income from retail unit
Standard Chartered is reportedly planning to focus on boosting the total share of income it receives from its retail business to 50% as part of its five-year plan.
Doha Bank launches operations in India
Doha Bank has officially launched its Indian operations in Mumbai, the first Qatari Bank to establish its full scale banking operations in the country.
Zenith Software launches new digital banking solution
Indian IT firm Zenith Software has launched a new banking solution, called Banc724-Digital.