All articles by Verdict Staff
Verdict Staff
Skye Bank launches outbound remittance service with MoneyGram
Skye Bank, a commercial bank in Nigeria, has launched an outbound remittance service with the US-based money transfer company, MoneyGram.
Elavon extends partnership with Union Bank
US Bancorp owned Elavon, a global payments provider, has extended its multi-year alliance with MUFG Union Bank to expand the geographic coverage and availability of payment consultants across Union Banks retail branch network, private bank and business banking relationships.
Himalayan Bank partners Cryptomathic, OMA Emirates to improve card issuing
Nepal-based Himalayan Bank has partnered with e-security solutions provider Cryptomathic and OMA Emirates to improve its card issuing.
UAEs FGB eyes expansion in India
UAE-based bank FGB (formerly called First Gulf Bank) has unveiled plans to expand in India, as part of its global expansion strategy to support clients with cross-border business and focus on key trade and finance flows.
CaixaBank raises stake in Austrias Erste Group Bank
Spain’s CaixaBank has raised its stake in Austrias Erste Group Bank from 9.1% to 9.9% by renewing a partnership agreement it started in 2009 with Erste Foundation, which is the main shareholder of Erste Group Bank.
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Kuwaits Boubyan Bank uses NCR technology to launch mini branch
Kuwaits Boubyan Bank has teamed up with NCR Corporation to launch Kuwaits first mini branch at the Kuwait International Airport.
StanChart sells Hong Kong, Shenzhen consumer finance units
Standard Chartered has sold its consumer finance units in Hong Kong and Shenzhen to a consortium led by China Travel Financial.
Co-op Bank fails BoE stress test, Lloyds & RBS scrape through
Britain’s all main banks have passed the Bank of England’s (BoE) doomsday economic scenario stress test except the troubled Co-operative Bank.
Tencent receives regulatory nod to start banking operations in China
Chinese Internet giant Tencent has received approval from the China Banking Regulatory Commission (CBRC) to start private banking operations in the country.
India to sell $26bn in stakes in state-backed banks
The Indian government has approved plans to sell part of its stakes in state-backed banks and raise as much as INR1.6tn ($26bn).