All articles by Verdict Staff
Verdict Staff
Axis Bank to launch buy-to-let mortgage product in UK
Axis Bank UK, the UK arm of Indian private sector lender, has said that it will soon launch the buy-to-let mortgage product for customers interested in buying residential property for renting out within London & South East area.
BMO launches new savings account scheme with bonus interests
BMO Bank of Montreal has rolled out a savings account scheme for Canadians that facilitates savings by rewarding with bonus interest for making regular monthly savings contributions.
Citizens Bank to streamline branches, expand banking products
Citizens Bank, once wholly owned by the Royal Bank of Scotland, is planning to trim down its branches while expanding its banking product range as it moves towards autonomy after spinning off from its corporate parent.
Wintrust agrees to acquire Suburban Illinois Bancorp
Wintrust Financial Corporation has signed a definitive agreement to acquire Suburban Illinois Bancorp, the parent company of Illinois-state chartered Suburban Bank & Trust Company (SBT).
ICICI Bank to launch voice authentication for mobile banking
Indian private-sector lender ICICI Bank is planning to launch voice-recognition technology for biometric authentication to enhance its mobile banking service.
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Banco do Brasil clubs retail banking arm with human resources
Brazilian state-controlled lender Banco do Brasil has reportedly merged its human resources division with its retail banking unit in a bid to raise efficiency.
Japanese lenders SMBC and BTMU receive nod to open branches in Myanmar
The Central Bank of Myanmar has approved Sumitomo Mitsui Banking Corporation (SMBC) and Bank of Tokyo-Mitsubishi (BTMU) to set up their maiden branches in Yangon under the foreign bank license.
Emirates NBD launches its DirectRemit service in Pakistan
UAE-based Emirates NBD has launched a new money transfer platform, 60 second DirectRemit service, in Pakistan.
Mizuho Financial to hire 200 RBS employees in US
Mizuho Financial Group, a Japanese banking holding company, is reportedly planning to hire around 200 staff from Royal Bank of Scotland (RBS) in the US.
BDDK approves the sale of 75.5% Tekstilbank stake to Chinese bank
Turkeys banking watchdog Banking Regulation and Supervision Agency (BDDK) has approved the sale of GSD Holding’s controlling 75.5% stake on Tekstilbank to the Industrial and Commercial Bank of China (ICBC).