All articles by Verdict Staff
Verdict Staff
HSBC closed 21 branches in Brazil last year
British banking giant HSBC said that it closed 21 branches across Brazil last year as the Latin American nation saw weak economic activity.
Apple Bank chooses ACI Worldwide for business banking services
New Yorks Apple Bank has selected ACI Worldwide, an electronic payment and banking solutions provider, to power its business banking services.
Deutsche Bank inks multibillion-dollar IT deal with HP
Deutsche Bank has signed a multibillion-dollar pact with Hewlett-Packard (HP) to modernise its global IT environment and cut down IT infrastructure costs.
Malaysian banks eye alternative plans after three way merger attempt fails
Malaysian banks are looking out for alternative growth strategies for their Islamic operations, after a proposed three-way merger was called off.
Indonesia plans to create new $8bn Islamic bank
Indonesia is pushing forward its plans to create a new $8bn Islamic bank to combat dominant foreign competitors in the country and help Islamic banking industry offer services at more competitive rates.
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UK financial sector bonuses since financial crisis to top £100bn this year
Bonuses paid out in the UK financial services sector since the start of the financial crisis in 2007 are likely to top £100bn by the end of this year, according to data from the Robin Hood Tax campaign.
Barclays launches Shilling Credit Card in Uganda
Barclays Bank of Uganda has launched the new Uganda Shilling Credit Card in addition to the re-launching of Prestige Banking to add flexibility to banking experience.
UK further slashes stake in Lloyds
The British government has slashed its stake in Lloyds Banking Group to 23.9% from 24.9% by selling another parcel of shares for nearly £500m ($770m).
Citigroup in advanced talks to sell OneMain Financial to Springleaf
Citigroup is sad to be in advanced talks to sell its consumer finance arm OneMain Financial Holdings to subprime lender Springleaf Holdings.
Citigroup global consumer banking head to retire in June
Citigroup co-president and global consumer banking head Manuel Medina-Mora is retiring in June, halting a 43 year old banking career.