All articles by Verdict Staff
Verdict Staff
Singapore’s GIC, IFC to invest $259.25m in Indias Bandhan Financial
India’s Bandhan Financial Services has received INR 16bn ($259.25m) in total equity investment from Singapore’s sovereign wealth fund GIC and existing investor IFC.
Consumer and business banking arm of BofA sees 11% drop in Q4 income
Bank of Americas (BofA) consumer and business banking posted net income of $1.75bn, as against a net income of $1.99bn in the same period a year ago.
UK banks call for merger of trade associations into single body
UKs leading banks have proposed merger of nine trade associations into a single body to more effectively represent banking interests, reports Reuters.
Helios Investment to sell 12.2% stake in Kenyas Equity Bank
Africa focused investment firm Helio Investment Partners is selling half its stake in Kenyas Equity Bank to two Norwegian firms.
Scotiabank eyeing more deals in Latin America
Bank of Nova Scotia (Scotiabank) is eyeing more deals in Latin America, with a focus on the Mexico market, Bloomberg quoted the bank’s CEO Brian Porter as saying.
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US , UK to stage cyber war game to test banks’ online resilience
The US and the UK are set to stage out a series of cyber war attacks against each other to test their defense against online criminals.
Deutsche Bank mulls entire retail banking business spin-off
Deutsche Bank is mulling spinning off its retail banking business as it is under pressure from regulators to reduce debt levels and stop using consumer deposits to fund its investment bank.
Google forms P2P lending venture with Lending Club
Tech giant Google has partnered with Lending Club, a peer-to-peer (P2P) lender, to form a new venture that will facilitate low-interest financing to Google partners.
Citigroup global consumer banking unit records 8% rise in Q4 income
Citigroup’s global consumer banking unit has posted a net income of $1.7bn in the fourth quarter of 2014, up 8% as compared to $1.5bn in the year ago period.
Legal costs dent JPMorgan’s Q4 income
JPMorgan Chase has reported net income of $4.9bn for the fourth quarter of 2014, down 7.5% compared with $5.3bn a year ago.