All articles by Verdict Staff
Verdict Staff
Citi eyes sale of Central American retail units to Banco Popular for $1.5bn
Citigroup is planning to offload its Central America retail units to Spains Banco Popular Espanol for $1.5bn.
Scotiabank offloads credit portfolio in Egypt
Canadas Scotiabank has sold its credit portfolio in Egypt to local lender Arab African International Bank (AAIB).
UK banking industrys ROE to hit almost double digit mark in 2015: EY
UK bankers anticipate that the industry will report a nearly double digit average return on equity (ROE) in 2015 at 9.5% for the first time since 2009, according to EYs European Banking Barometer 2015.
StanChart may shift global headquarters to Asia-report
British banking group Standard Chartered may consider shifting its global headquarters to Asia and spinning off of India business into a subsidiary at its board meeting in India on March 23.
Citigroup sells 9.9% stake in Akbank for $1.15bn
Citigroup has completed offloading a 9.9% equity interest in Turkey’s Akbank for about $1.15bn, its latest sale of non-core operations overseas to slash costs and boost capital.
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George Osborne admits failure to reshape RBS; plans early sale
UK chancellor George Osborne has admitted not radically restructuring Royal Bank of Scotland (RBS) in 2010 was a mistake and outlined plans for an early sale of the government’s stake in RBS post general election.
Tungsten Bank secures nod to launch banking services in Germany, France, Italy
Tungsten Bank, a unit of global e-invoicing, invoice finance and analytics firm Tungsten Corporation, has secured the green light to offer banking services in Germany, France and Italy.
Northpointe Bank joins forces with Veratad to enhance compliance efforts
Northpointe Bank of Grand Rapids, Michigan has chosen Veratad Technologies’ IDMatch+PLUS Knowledge Based Authentication (KBA) solution to verify identity online in real-time.
EBA delays stress tests until 2016
The European Banking Authority (EBA) has decided not to run stress tests in 2015, which are targeted at gauging whether European banks have adequate core capital to withstand shocks.
Standard Chartered retail banking divisions operating profit dips 6%
Standard Chartered’s retail banking arm registered an operating profit of $1.05bn for the year 2014, a fall of 6% compared with $1.11bn a year ago.