All articles by Verdict Staff
Verdict Staff
Russia to launch alternative to SWIFT bank transaction system next year
The Central Bank of Russia is planning to create its own version of the SWIFT bank transaction system by May next year.
Ulster Bank fined 3.5m over IT failure in 2012
Ulster Bank, the Irish arm of the Royal Bank of Scotland (RBS), has been fined 3.5m ($4.4m) by Ireland’s Central Bank for a 2012 IT failure that disabled customers’ accessibility to basic banking services for about a month.
Al Hilal Islamic Banking launches Sharia-compliant credit card
Ahli Banks Al Hilal Islamic Banking Services has unveiled its first Sharia-compliant Visa credit card.
Access Bank launches customised debit card
Access Bank has launched a customised debit card that allows customers to brand the card with their favourite picture.
BBVA to shut down half of its branches in Portugal
Spanish banking group BBVA is set to shut down nearly half of its 81 branches in Portugal and lay off almost quarter of its staff in the country.
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L&T Finance seeks RBI approval to acquire ING Vysya Bank
L&T Finance is seeking the prior approval of the Reserve Bank of India (RBI) to merge or acquire ING Vysya Bank.
Global banking watchdog seeks to introduce new rules to end too big to fail banks
The Financial Stability Board (FSB), a global banking regulator, has proposed new global rules to prevent multibillion-pound taxpayer bailouts of the banks that are considered too big to fail.
Bank of Montreal to enhance its ATM network
BMO Bank of Montreal has announced its plans to enhance its network of 2,200 full-service ATMs, with a new technology kit from NCR.
Italian lender Monte dei Paschi up for sale-report
Italy’s Monte dei Paschi di Siena is reportedly up for sale, after the European Central Bank’s (ECB) recent asset quality review disclosed a 2.1bn funding gap in its accounts.
Central Bank of India to sell-off home finance arm
Central Bank of India is planning to sell its housing finance subsidiary Cent Bank Home Finance as part of its strategy to exit non-core assets.