All articles by Verdict Staff
Verdict Staff
Russias Alfa Bank to close New York office, axe jobs in London
Russias Alfa Bank is set to shut down its capital markets office in New York, and slash jobs in London, reports Bloomberg.
Citigroup Egypts consumer banking arm receives bids from 10 banks
Citigroup consumer banking unit in Egypt has received bids from ten banks, after the unit was put on sale in October last year.
AIB to outsource 170 IT jobs, no job cuts
Irelands bailed-out lender Allied Irish Banks (AIB) is outsourcing 170 of its information technology jobs following a review of its IT operations.
Barclays taps ex- BofA executive for group COO role
Barclays has named ex-senior BofA Merrill Lynch executive Jonathan Moulds to the newly created role of group chief operating officer, effective 2 February 2015.
Webster completes acquisition of JPMorgan Chases HSA business
Webster Financial Corporation, holding company for Webster Bank, has completed the completed the acquisition of the health savings account (HSA) business of JPMorgan Chase Bank.
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PNC Canada launches lockbox processing centre
PNC Banks Canada branch (PNC Canada) has unveiled a new lockbox processing centre in Toronto, Canada.
HSBC refunds £350m to customers as compensation for violating banking rule
HSBC has refunded cheques worth a total of £350m to thousands of customers as compensation for failing to adhere to banking rules.
RBS- UKFI in talks over £2bn debt sale
Royal Bank of Scotland Group (RBS) is in talks with UK Financial Investments (UKFI) over £2bn ($3bn) debt sale terms which could possibly dilute the government’s stake in the bank.
HDFC Bank launches digital wallet for online merchants
HDFC Bank is launching a digital wallet and an electronic marketplace for online merchants, reports The Times of India.
Deutsche Bank could consider sale of Postbank retail unit
Germanys Deutsche Bank could weigh sale of its Postbank retail arm as part of its strategy review.