All articles by Verdict Staff
Verdict Staff
Yes Bank eyeing larger share in Indian retail market
Yes Bank, an Indian private sector lender, is aiming to increase the proportion of its retail deposits on its books to 60% in three years, as part of its strategy to better compete with its bigger rivals.
JPMorgan to buy $45bn mortgage servicing rights from Ocwen Financial
JPMorgan Chase has agreed to buy the right to handle $45bn of home loans from Ocwen Financial Corporation.
Espírito Santo Bank in merger talks with Benacerraf banking family-report
Espírito Santo Bank, the Miami arm of the collapsed Espírito Santo family empire, is reportedly in advanced merger talks with Venezuela’s Benacerraf banking family.
Indonesian bank BNI to launch branchless banking program
State-owned Bank Negara Indonesia (BNI) is planning to launch branchless banking program with the expansion of its e-money service to increase low-cost funds besides offering wider banking access.
BMO introduces card-less ATM network in US
BMO Harris Bank, the US arm of Canadian lender BMO Financial, has launched a new technology that allows cash withdrawals from an ATM without the use of cards.
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Misys unveils banking app prototype for Apple Watch
Misys, a UK-based financial software company, has launched a banking app prototype, named Misys FusionBanking Essence BankTime, for the Apple Watch.
Israels Bank Hapoalim to slash 700 jobs
Israeli lender Bank Hapoalim is reportedly planning to reduce its workforce by up to 700 positions in 2015-2016.
DBS seeks to convert branch-based operation into subsidiary in India
DBS Singapore is planning to convert its branch-based banking operation in India into a subsidiary as part of its growth strategy.
Handelsbanken opens representative office in Indonesia
Swedish lender Svenska Handelsbanken has reportedly opened a representative office in Jakarta to service local customers and work alongside local banks to assist businesses access European markets.
ADIB, Mashreq in race for Citis Egyptian consumer banking unit acquisition
Abu Dhabi Islamic Bank (ADIB) and Mashreq have reportedly been shortlisted as a buyer for Egyptian consumer banking operations of Citigroup.