All articles by Verdict Staff
Verdict Staff
BofA consumer banking arm records marginal rise in Q1 income
The consumer banking arm of Bank of America has posted a net income of $1.5bn for the first quarter of 2015, up slightly compared with $1.46bn a year ago.
Shinhan Bank gets aproval to buy 40% stake in Bank Metro Express
South Korea-based Shinhan Bank, part of Shinhan Financial Group, has received regulatory approval to purchase a 40% stake in Indonesia-based Bank Metro Express.
VietinBank to merge with PGBank
VietinBank has agreed to merge with Petrolimex Group Commercial Joint Stock Bank (PGBank) in the third quarter this year.
Banca Intesa introduces HCE technology to Serbian market
Banca Intesa has introduced Wave2Pay, a HCE technology based contactless mobile payment service, to Serbian market in collaboration with Intesa Sanpaolo Card and Visa.
FCA fines Clydesdale Bank £20.7m for PPI compliant failings
The Financial Conduct Authority (FCA) has fined Clydesdale Bank £20.7m for serious failings in handling of Payment Protection Insurance (PPI) claims.
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Backbase teams up with MX to augment digital banking experiences
Backbase, a Netherlands-based digital banking software vendor, has partnered with MX, a US-based money management and personal finance management solutions provider, to enhance digital banking experiences for community and regional financial institutions in North America.
RBS to sell Luxembourg fund management unit amid restructuring
Royal Bank of Scotland is planning to sell its Luxembourg-based fund management arm as part of a restructuring plan to focus on the UK commercial and retail banking market.
Oriental Bank to expand ATM network in Puerto Rico
Oriental Bank, a subsidiary of OFG Bancorp, has collaborated with New York-based Sharenet ATMs to expand its ATM network in Puerto Rico.
Bank of India expands presence in Middle East with new DIFC branch
Bank of India (BoI) has expanded its presence in Middle East with the opening of its Dubai International Financial Centre (DIFC) branch.
TEB partners with Monitise to launch new digital banking service
Turkish private sector lender Türk Ekonomi Bankas? (TEB), strategic partner of BNP Paribas, has partnered with Monitise to launch a new digital banking service as part of its branchless banking strategy.