All articles by Verdict Staff
Verdict Staff
Three Key Strategies to Overcome Basel III
The implementation of Basel III creates a new set of challenges for the financial industry. Customer types, relationship types, channel types and many more will need to be categorised. A possible solution to these challenges is accurate and versatile data. Damian Young writes
Co-operative Bank to close 57 branches in 2015
UK-based Co-operative Bank is planning to shut 57 branches in 2015 following the closure of 72 sites last year, in an bid to cut costs.
Spain pushes EU to encourage cross-border mergers for retail banks
Spain is reportedly pushing the European Union to remove obstacles that deter cross-border mergers of retail lenders.
UK online banking fraud losses surges by 48%
Financial Fraud Action UK (FFA UK) has revealed that losses incurred due to online banking fraud in 2014 have surged by 48% to £60.4m from £40.9m a year ago.
TD Bank considering small acquisitions in US banking market
Canadas Toronto-Dominion Bank (TD Bank) is said to be weighing options for small acquisitions in the US market to accelerate its branch rollout.
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Raiffeisen Bank to close 15 branches in Russia
Austrian lender Raiffeisen Bank is planning to close its branches in Russia’s far east to save costs after witnessing drop in banking sector profits.
Barclays Africa to acquire Nigerias Unity Bank
Barclays Africa Group has reportedly expressed interest in acquiring Nigerian lender Unity Bank for a sum of NGN87.6bn ($438m).
Sumitomo Mitsui Trust Bank agrees to buy Citigroup’s card unit in Japan: report
Japan’s Sumitomo Mitsui Trust Bank has reportedly agreed to buy Citigroup’s credit card business in Japan for at least JPY40bn ($335m).
What do banks and financial companies gain from supporting the arts?
Although financial institutions support for the arts has dipped since the financial crisis, the financial sector remains the biggest corporate supporter of arts and culture. John Schaffer speaks with a number of the most enthusiastic backers of the arts sector
Nick Leeson: Taming the Beast of Barings
Twenty years ago, the world of rogue trader Nick Leeson crashed spectacularly. When it was revealed that Leeson had gambled away hundreds of millions, stock markets reacted with sheer terror and his employer, Barings Bank, was torn to shreds and left in pieces. Fergus Ewbank speaks to the former rising star