All articles by Verdict Staff
Verdict Staff
Ireland may offload stake in AIB late next year-report
Ireland may consider selling a stake in state-owned lender Allied Irish Banks in late 2015 or 2016, Reuters quoted the country’s finance minister Michael Noonan as saying.
BNP Paribas names new group chairman
French banking major BNP Paribas has named Jean Lemierre as new director and chairman of the board of directors, replacing Baudouin Prot.
Tough rules made to make US banks safer after credit crisis imperfect, says OFR
The Office of Financial Research (OFR) in its annual report to US Congress stated that the Federal Reserve’s annual check of the banking system’s financial health, stress tests, fell short on several counts.
Citigroup expects digital-banking users to double in Asia by 2019
Citigroup expects to double digital-banking users in Asia in the next five years in order to improve revenue from the region without investing in setting up new branches.
ABN AMRO selects IBM to manage IT infrastructure
ABN AMRO has signed a 10-year, multibillion-dollar services agreement with IBM to manage the IT infrastructure that supports the bank’s operations globally.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
Global banking returns to profit as it enters era of overarching regulation: BCG study
Global banking has returned to overall profitability, but it faces a new era of overarching regulation that will require banks to commit to full transparency, The Boston Consulting Group (BCG) said in a new report.
PASHA Bank selects Tieto’s contactless solution
PASHA Bank has implemented Tieto’s Card Suite Contactless solution for acquiring and issuance of Visa and MasterCard payment cards, as well as completed its certification project through the company in Azerbaijan.
Virgin Money acquires MBNA’s credit card asset portfolio
British lender Virgin Money has acquired credit card assets worth GBP363m ($570m) from MBNA, a Bank of America company, to expand its credit card business.
Coutts, Barclays to launch face-to-face video banking
Coutts, the private banking arm of Royal Bank of England (RBS), and Barclays are set to launch video banking services that will let clients see and talk with advisers over their mobile devices.
First Gulf Bank rolls out credit card loyalty platform in UAE
UAE’s First Gulf Bank has launched a flexible loyalty platform for its credit card holders allowing customers to choose and switch between three loyalty programs namely First Rewards, First Miles and First Cashback available on the same plastic.