All articles by Verdict Staff
Verdict Staff
Financial Services for the non-wealthy
Half of the UK adult population is on low income but are the banks doing enough to help these individuals? Ilkka Ristimaki suggests that financial institutions could do more to help customers prioritise the timings of their payments around their cash flow and in the process constrain the growth of pay-day lenders
IberiaBank agrees to buy Georgia Commerce Bancshares
Louisiana-based IberiaBank has agreed to buy Georgia Commerce Bancshares for $195m, adding nine branches in the Atlanta area.
Sustained short-term rate rise would aid US banks, says Fitch
Latest jump in short-term Treasury rates, triggered by the US Labor Department’s much better than expected November employment report, could be a positive development for those banks with loans closely tied to short-term interest rates, says Fitch Ratings.
Mizuho’s talks to buy stake in Indonesian bank Panin stall-report
Mizuho Financials negotiations to acquire Australia & New Zealand Banking Group’s (ANZ) stake in PT Bank Pan Indonesia Tbk (Panin) have stalled.
Santander Mexico migrates to Multos technology for future card projects
Santander Mexico has migrated to Multos chip card technology for future advanced card projects.
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National Bank of Kuwait launches credit card for affluent customers
National Bank of Kuwait (NBK) has targeted its affluent customers with the launch of the NBK World Elite MasterCard credit card.
ICICI Bank to exit from Russia
Indian private sector lender ICICI Bank said it has decided to sell its profit-making Russian subsidiary ICICI Bank Eurasia to Sovcombank.
EU may scrap plan to force banks to separate out risky trading
The European Union may scrap plan to compel banks to keep high-risk trading activities separate from their main businesses following concerns raised by some member states.
Emirates NBD launches free local transfers to any bank account in UAE
Emirates NBD has launch of a campaign offering free local transfers to any bank account in the UAE.
UK banking sector set to double in size by 2050, says BoE
The UK banking system is set to double from its current size to more than 950% of UK GDP by 2050 or about £60 trillion, far outstripping projected increases in other Group of 20 nations, the Bank of England (BoE) said in a recently released research report.