All articles by Verdict Staff
Verdict Staff
Santander raises 7.5bn via share sale to boost capital
Spanish banking giant Santander, which weathered a deep economic crisis at home in recent years, has raised nearly EUR7.5bn ($8.88bn) by selling new shares to boost its balance sheet.
Societe Generale mulls buying stake in Polands Alior Bank
French banking major Societe Generale is reportedly planning to buy a 26% stake in Polish lender Alior Bank from its biggest shareholder Carlo Tassara.
Banks need millennial-focused strategy, says BBVA Compass
Banks should create a strategy especially focused on the millennial segment to entice the group, recommended a report by BBVA Compass.
Kotak Mahindra-ING Vysya merger receives shareholders approval
The merger of Kotak Mahindra Bank with ING Vysya Bank has secured the nod from shareholders.
StanChart to axe 4,000 retail banking jobs
Standard Chartered is slashing about 4,000 jobs worldwide in its retail banking arm as it looks to slash $400m in costs.
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Polish banks adopt HCE for mobile payments
Nine Poland-based banks have adopted Visa’s Host Card Emulation (HCE) technology confirming their plans to launch a cloud-based mobile contactless payment services from early next year.
2C2P, Myanmar Citizens Bank introduce reloadable prepaid cards
The Southeast Asian payment services provider 2C2P and a private sector lender Myanmar Citizens Bank (MCB) have launched of a re-loadable prepaid card branded Citizen Card.
ICICI Bank rolls out contactless payment cards
ICICI Bank, an Indian private sector lender, has launched contactless debit and credit cards that use near-field communication (NFC) technology enabling customers to pay at a point-of-sale (PoS) terminal by waving the card instead of swiping.
Chinas Bank of Communications to slash senior executives salary
Bank of Communications, the fifth-largest state-owned lender in China, is reportedly set to slash the pay of its senior executives significantly to implementing market-based mechanisms.
Germanys Fidor Bank to launch in US
Fidor Bank, Germany-based Web 2.0 Bank, has inked a deal with an undisclosed local bank to launch in the US.