All articles by Verdict Staff
Verdict Staff
Jordan Islamic Bank selects SAS to meet compliance requirements
Jordan Islamic Bank has selected SAS, a provider of business analytics software and services, to provide the bank enterprise governance, risk and compliance (EGRC), anti-money laundering (AML) and foreign account tax compliance act (FATCA) solutions.
HSBC Oman in talks to sell Pakistan unit to Meezan Bank
HSBC Bank Oman has confirmed that it is in talks with Karachi-based Meezan Bank to sell its Pakistan operations.
China introduces draft rules for insurance of bank deposits
In a bid to reinvigorate lumbering banking sector, China released a draft plan to set up a bank deposit-insurance system.
HSBC opens new branch for affluent customers in Singapore
HSBC has expanded its presence in Singapore by opening a new branch in Coronation Shopping Plaza, along Bukit Timah Road for its affluent local and expatriate customers.
India could slash stake in state-run banks to 52%; raise $14.4bn
The Indian government is considering proposals to cut its stake in public sector banks to 52% that could enable it to raise nearly $14.39bn.
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Danske Bank to open captive technology centre in India-report
Denmark-based Danske Bank is reportedly set to start its own captive technology centre in India.
ANZ names new CEO for India
Australia and New Zealand Banking Group (ANZ) has named Sanjeev Bajaj as new CEO for India, replacing Subhas DeGamia.
Santander to buy 5% stake in mobile banking firm Monitise
Santander has agreed to invest £33m to acquire 5% stake in British mobile money company Monitise.
Banca Transilvania in talks to acquire Volksbankens Romania subsidiary
Romania’s Banca Transilvania is holding negotiations to buy Austrian group Volksbankens Romanian subsidiary.
British banks toxic culture will need generation to change, says study
A toxic and rotten culture inside British retail banks that led to scandals will take a generation to undergo a radical overhaul, finds a joint study by independent think tank New City Agenda and Cass Business School.