All articles by Verdict Staff
Verdict Staff
CIMB, RHB Capital may scrap proposed $20bn merger
Malaysian lenders CIMB Group, RHB Capital and Malaysia Building Society (MBSB) are planning to call off their proposed $20bn merger that would have created the country’s biggest bank.
Argentina bans HSBC from making foreign money transfers
The Central Bank of Argentina, acting through the Superintendency of Financial and Exchange Entities (Sefyc), has banned HSBC Bank Argentina from conducting foreign currency and bond transfers abroad for 30 days.
EBRD reduces stake in Polands Alior Bank to 5.023%
The European Bank for Reconstruction and Development (EBRD) has cut down equity stake in its Poland’s consumer lender Alior Bank.
Indonesias Bank Mandiri reviews expansion plans in Malaysia, Singapore
Indonesias state-owned lender Bank Mandiri is reviewing plans to expand in Malaysia and Singapore, reports The Jakarta Post.
BDO teams up with Emirates NBD for money transfer service
BDO Unibank (BDO) has joined forces with UAE’s bank Emirates NBD for NBDs money transfer service targeted at overseas Filipino workers.
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Gulf International Bank launches Middle Easts first online-only retail bank
Gulf International Bank (GIB) has launched the first online-only retail bank in the Middle East to attract its young tech-savvy customers.
Turkey’s Bank Asya to divest 40% stake in Tamweel Africa Holding
Turkey’s Bank Asya is selling its 40% stake in Senegal-based Tamweel Africa Holding to the Islamic Corporation for the Development of the Private Sector (ICD) for EUR1.8m ($37.7m).
Nedbank tests new mobile payments app
South African lender Nedbank is testing a new mobile payments app to better connect retailers to customers using in-store beacons.
China, Pakistan agree to ease bank opening rules
Pakistan and China have agreed to relax requirements for setting up bank branches in each other’s countries.
Malaysian lenders CIMB, RHB may renegotiate $12.9bn merger terms
Malaysia’s CIMB Group Holdings and RHB Capital are mulling revision of terms of their proposed $12.9bn merger.