All articles by Verdict Staff
Verdict Staff
BNP Paribas retail banking arm sees 17.7% jump in Q4 pre-tax income
The retail banking arm of BNP Paribas has reported pre-tax income of EUR1.33bn for the fourth quarter of 2014, a surge of 17.7% compared with the corresponding quarter of 2013.
Ethiopian banks to offer mobile money services
Ethiopian banks and microfinance firms are introducing mobile money services, in a bid to reach out to consumers with little access to branches or services.
Walmart partners with GoBank to offer online banking
Retail giant Walmart is joining forces with GoBank to offer online banking, reports Komo News.
Bank branches can help combat digital competitors, says Ana Botin
Old-school bank branches still hold value and hence, a significant retail presence can help offset the onslaught of the big technology groups in the banking arena, said Ana Botin to The Financial Times in her first interview since taking charge of the Spains Banco Santander.
Societe Generale to exit consumer finance business in Brazil
French lender Societe Generale is set to exit consumer finance business in Brazil, and book a 200m ($229m) charge in its fourth-quarter earnings as a consequence.
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Bank of America to axe 202 jobs in Virginia
Bank of America (BofA) is planning to axe jobs of 202 employees in its legacy asset servicing division in Norfolk, Virginia.
Doha Bank commences debit card acceptance for mobile commerce transactions
Doha Bank has introduced its new payment innovation feature offering residents of Qatar the option to make payments on mobile websites using an ATM or debit card.
Old National Bank to sell 17 branches, close or consolidate another 19
Old National Bank (ONB) is planning to sell off 17 of its banking centres and close or consolidate another 19 locations, as part of ongoing efficiency improvements.
ICBC buys controlling stake in Standard Bank for $690m
The Industrial and Commercial Bank of China (ICBC) has acquired a 60% stake in Standard Bank, the London-based global markets business of South African lender Standard Bank Group.
Standard Chartered mulls sale of Philippines retail banking business
Standard Chartered is considering a sale of its retail banking operations in the Philippines to reduce costs and assets base, reports Reuters.