All articles by Verdict Staff
Verdict Staff
RBS to slash 600 jobs in Netherlands
The Royal Bank of Scotland (RBS) is set to axe at least 600 of its 650 jobs in its Dutch branch.
Cedrus Invest Bank acquires Stanchart Lebanon retail operations
Lebanons Cedrus Invest Bank has completed the acquisition of Standard Chartered Banks Lebanese retail banking operations.
Springleaf to acquire Citigroup’s OneMain Financial for $4.25bn
Springleaf Holdings has agreed to buy Citigroup’s OneMain Financial for $4.25bn in cash, leading to the creation of the largest subprime lender in the US.
Major US lenders see highest surge in consumer satisfaction scores: Study
Nearly 46% of American and Canadian retail banking customers are overall satisfied with their primary banking institution, an increase of 10% from just four years ago, according to a survey conducted by research firm ath Power Consulting.
Barclays Africa in talks to buy parent companys Egypt, Zimbabwe operations
Barclays Africa Group is reportedly in talks with its parent company to acquire the latters Egypt and Zimbabwe businesses.
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Standard Chartered to cut bonuses by 9%
British lender Standard Chartered has reportedly decided to cut its bonuses by a smaller percentage than its decline in profits.
Barclays’ Personal and Corporate Banking division posts 29% rise in pre-tax profits
Barclays’s Personal and Corporate Banking unit, which also contains wealth business, has posted pre-tax profit of £2.88bn for the year ended 31 December 2014, a surge of 29% versus £2.23bn a year ago.
BNP Paribas teams up with Cajamar Group to boost consumer credit in Spain
Cetelem Spain, a unit of BNP Paribas Personal Finance, and Banco de Crédito Cooperativo (BCC), the holding company of Grupo Cooperativo Cajamar, have signed a joint venture for marketing consumer credit in Spain.
UKs digital-only Charter Savings Bank opens for business
Charter Savings Bank, a UK-based digital-only challenger savings bank owned by Charter Court Financial Services, has opened for business.
China to open banking industry more widely to private firms, says regulator
China is simplifying approval procedures in a bid to open its banking sector more widely to private firms, said China Banking Regulatory Commission (CBRC) chairman Shang Fulin.