All articles by Verdict Staff
Verdict Staff
TSB to shutter 17 branches ahead of Spanish takeover
UK-based lender TSB is closing 17 of its branches ahead of its takeover by Spanish banking group Sabadell in a deal valued at £1.7bn.
Deutsche Bank to invest EUR1bn in digital banking, to close 200 branches
Deutsche Bank has revealed next phase of its strategy, covering the period through to 2020, to invest up to EUR1bn over the next three to five years in digitization of its banking activities.
NAB to downsize stake in US arm
National Australia Bank (NAB) planning to reduce its stake in its US subsidiary Great Western Bancorp (GWB) to just over a third.
JP Morgan slashes stake in South African lender Capitec
JP Morgan has reduced its shareholding in South African lender Capitec Bank from 6.23% to 4.96%, Capitec announced to the Johannesburg Stock Exchange.
PZU considering banking acquisitions in Poland CEO
Polish insurer PZU is eyeing multiple banking acquisitions in Poland, the companys CEO Andrzej Klesyk said.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Atlas Mara to expand presence in Rwanda, in talks to buy regional retail bank
Atlas Mara, the Africa-focused lender co-founded by former Barclays chief executive Bob Diamond, is expanding its reach in Rwandas banking sector.
WRBR flags up customers’ fragile bank loyalty
With a sample size of 16,000 retail banking customers and covering 32 markets, the World Retail Banking Report – the latest is the 12th such annual report published by Capgemini and EFMA – is one of the most impressive surveys of its type. Douglas Blakey writes
Bank of Ayudhya to invest $208-307m on IT and branch expansion
Thai lender Bank of Ayudhya, a member of Mitsubishi UFJ Financial Group (MUFG), is planning to invest THB6.8-10bn ($208-$307m) in three years on information technology and branch expansion.
StanChart Q1 profit falls 22%, transaction banking records 5% slide
Standard Chartered has registered a pre-tax profit of $1.46bn for the first quarter of 2015, a fall of 22% from $1.87bn in the first quarter of 2014.
Santander Q1 profits surges 32% on higher lending
Banco Santander has reported attributable profit of EUR1.72bn in the first quarter of 2015, a surge of 32% compared to the year ago period.