All articles by Verdict Staff
Verdict Staff
VTB buys stake in Otkritie Holding
State-owned Russian bank VTB Group has acquired a 9.99% stake in financial group Otkritie Holding.
DBS debuts SMS queue system in Singapore
Singapore-based DBS and POSB, a consumer banking services brand of DBS, have launched a new SMS queue system which will relieve customers from the hassles of waiting in lines.
Indian government to pump $1.3bn of fresh capital into state-owned lenders
The Indian government is set to pump INR79.4bn ($1.3bn) into state-owned lenders in the next fiscal year in an effort to improve the banks capital reserves.
Peer-to-peer lending stay ahead of the pack
Low interest rates and a squeeze on small business credit have driven a surge in peer-to-peer lenders, operating almost exclusively online. In response, the Financial Conduct Authority has moved swiftly to establish appropriate protection for investors and borrowers, writes Stuart Holman
Yes Bank to open 970 new branches across India
India’s private sector lender Yes Bank is planning to expand its presence in the country by opening 970 branches during the next three years.
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TD Bank’s Canadian retail business reports 20% rise in Q1 income
TD Bank Group’s Canadian retail business has posted net income of C$1.44bn for the first quarter of 2015, up 20% from C$1.2bn over the same quarter last year.
Lloyds retail banking arm records 7% rise in 2014 profit
Lloyds Banking Groups retail banking unit has reported an underlying profit of £3.22bn for the year ended 31 December 2014, up 7% from £3.01bn a year ago.
Fixing profit holes with Big Data
Daniel Melo, senior director, consulting, at FICO explains how analytics-driven business intelligence tools are helping businesses search through massive databases and cut across organisational silos to identify, prioritise and coordinate actions that fundamentally affect profitability
Standard Chartered names new CEO
UK bank Standard Chartered has named Bill Winters as new chief executive replacing Peter Sands, effective June 2015.
RBCs personal & commercial banking unit posts 17% rise in Q1 net income
The personal & commercial banking unit of Royal Bank of Canada (RBC) has posted a net income of C$1.25bn for the first quarter ended 31 January 2015, up C$184M or 17% compared to last year.