All articles by Verdict Staff
Verdict Staff
Losses narrow, deposits & loans soar, challenges remain at Metro Bank
From a standing start in 2010, total assets at Metro Bank now exceed £3.6bn; for the year to end December, total assets almost doubled (up 94%) while customer numbers grew by 63% to 447,000.
Italy comes up with new bank reform law
The Italian cabinet has cleared the bank reform bill which requires the country’s cooperative banks to become a joint stock companies over the next 18 months.
Future Group to apply for payments banking licence
Indian private conglomerate Future Group, which has significant prominence in retail and fashion sectors, is set to apply for a payments banking licence to attract lower-income consumers who do not have bank accounts, The Economic Times has reported.
WSBI partners with Cignifi to develop mobile savings product
Brussels-based World Savings and Retail Banking Institute (WSBI) has inked an agreement with Cignifi to develop and test-market an mobile savings product for underserved and dormant savers.
Malawi government to sell controlling stakes in two troubled banks
The government of Malawi is selling controlling stakes in Malawi Savings Bank (MSB) and Indebank Malawi, reports Reuters.
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ICICI Bank launches Twitter-based money transfer service
Indias private sector lender ICICI Bank has launched a new service named icicibankpay to enable real-time money transfer through Twitter.
AIB CEO steps down to head NABs UK business
David Duffy is stepping down as the chief executive of Allied Irish Banks (AIB) to head the struggling UK business of National Australia Bank (NAB).
Societe Generale to split chairman and CEO roles
French lender Societe Generale has decided to split the roles of chairman and CEO at its annual shareholders’ meeting on May 19.
Bitcoin poses a positive challenge to established banks: KPMG
Cryptocurrencies such as Bitcoin are a potential challenge to retail banks current business model, detailed in a KPMG report.
Barclays enhances online mortgage submission system
Barclays has enhanced its online mortgage submission system, which will allow mortgage brokers to take photos of paperwork and upload them immediately to customer case files.