All articles by Verdict Staff
Verdict Staff
JP Morgan Chase to axe 350 jobs
JP Morgan Chase is set to slash 350 jobs in its mortgage banking unit in Rochester.
First National Bank deploys IBT’s core banking platform
First National Bank (FNB) of Eagle Lake, Texas has selected IBT’s core banking platform to replace its former core platform.
Kotak Mahindra to purchase 19.9% stake in Airtel’s proposed payment bank
Indian private sector lender Kotak Mahindra Bank is set to buy 19.9% stake in Bharti Airtel’s subsidiary Airtel M Commerce Services (AMSL), on AMSL securing a payment bank licence from Reserve Bank of India (RBI).
Canadian Imperial Bank of Commerce to slash over 500 jobs
Canadian Imperial Bank of Commerce (CIBC) is cutting over 500 jobs companywide, in a bid to improve operational efficiency.
DNB Luxembourg selects Temenos’ banking solutions
DNB Luxembourg (DNB) has selected Swiss technology firm Temenos’ core banking system T24 as well as its multi-channel internet banking solution, Temenos Connect.
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Bank of Ireland to outsource 130 jobs
Bank of Ireland is planning to outsource its cheque clearing unit to a Texas-based external provider called BancTec.
FCA agrees compensation for mis-sold card insurance
The Financial Conduct Authority (FCA) has inked an agreement with Affinion International (Affinion) and 11 high street banks and credit card issuers, which will allow customers to claim compensation for being sold unnecessary insurance policies.
RBS to offload most of toxic assets by end of 2015
The Royal Bank of Scotland Group is planning to offload most of the toxic assets in its bad bank by the end of 2015, 12 months earlier than expected.
BOC Hong Kong mulls sale of Nanyang Commercial Bank
BOC Hong Kong Holdings is weighing a sale of its $6bn subsidiary Nanyang Commercial Bank (NCB).
Bank Negara Indonesia plans expansion in South Korea and Myanmar
Indonesias state-owned lender Bank Negara Indonesia (BNI) is eyeing expansion in South Korea and Myanmar.