All articles by Verdict Staff
Verdict Staff
Banking industry will see further digital revolution in 2015: Microsoft
Digital banking will supersede branch networks as the preferred banking choice for customers in 2015, predicts Microsoft worldwide financial services director Marcelo Marquez de la Garza in a company blog.
Sumitomo Mitsui receives approval to open branch in Manila
Japans Sumitomo Mitsui Banking has secured approval from the Philippines central bank Bangko Sentral ng Pilipinas (BSP) to set up a branch in Manila.
HSBC to integrate Bank Ekonomi with its Indonesian branch operations
HSBC is set to integrate operations of Bank Ekonomi, which is 98.94% owned by HSBC Asia Pacific Holdings (UK) Limited, with its main Indonesian branch operations due to the illiquidity of shares.
Bendigo and Adelaide Bank cash earnings up 17%
Australias Bendigo and Adelaide Bank has posted cash earnings of A$217.9m for the six months ending 31 December 2014, an increase of 17.2% compared with A$185.9m a year ago.
Credit Agricole to name new CEO
French banking group Credit Agricole is set to hire Philippe Brassac as its new CEO to replace its outgoing chief executive Jean-Paul Chifflet.
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Hungary to pay up to $700m to buy Budapest Bank
The government of Hungary is set to pay up to $700m to acquire Budapest Bank from its owner GE Capital.
Deutsche Bank mulls slimmed-down universal bank model
Deutsche Bank is eyeing a slimmed-down universal bank model as part of the management’s strategic review.
Societe Generale to axe 1,500 staff in Russian arm – report
French lender Societe Generale is reportedly planning to axe about 1,500 jobs at its Russian subsidiary Rosbank this year, according to Bloomberg.
ANZ names new CEO for Australian business
Australia and New Zealand Banking Group (ANZ) has named Mark Whelan as the new CEO for its Australian operations.
The Co-operative Bank to shut down 57 more branches
Manchesters The Co-operative Bank is planning to shut down 57 more branches across the country.