All articles by Verdict Staff
Verdict Staff
Sberbank to sell Slovakia and Hungarian operations-report
Russian bank Sberbank is reportedly planning to sell its Slovakian and Hungarian business units.
Barclays to enable payments through Twitter
In a UK first, Barclays is set to launch a new service which will allow individuals and small businesses make payments instantly by using their Twitter handle.
Mizuho Financial to acquire RBS North America loan assets
Japan-based Mizuho Financial Group is in talks to acquire North American loan assets from Royal Bank of Scotland (RBS) for $3bn.
RBS’ UK PBB unit registers 77% rise in 2014 operating profit
The UK personal & business banking (UK PBB) business of RBS has posted an operating profit of £1.45bn for the year 2014, a surge of 77% compared with £819m a year ago.
Postal Savings Bank of China in talks for minority stake sale
Postal Savings Bank of China is in talks with potential investors about sale of a minority stake prior to a possible listing in early 2016.
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Bank of Montreal’s Canadian P&C arm posts 4% rise in Q1 net income
Bank of Montreal’s Canadian personal and commercial (P&C) banking division registered a net income of C$502m for the first quarter ended 31 January 2015, a rise of C$17m or 4% compared to the previous year period.
Citi, IBM to build next-gen technology through Citi Mobile Challenge
Citi has joined forces with IBM to work with developers and create the next generation of financial technology (FinTech) through the Citi Mobile Challenge.
Bank of America to axe further 116 jobs in Texas
Bank of America (BofA) is axing a further 116 employees in Addison and Plano, Texas.
JPMorgan Chase to shut down 300 branches
JPMorgan Chase is planning to close about 300 branches by the end of 2016, or about 5% of its total footprint to reduce costs amidst rising adoption of digital banking.
RBS poised to hire Airports Commission head as new chairman
Royal Bank of Scotland (RBS) is set to name Sir Howard Davies, an economist and head of the UK government’s Airports Commission, as its new chairman.