All articles by Verdict Staff
Verdict Staff
Britam secures approval to acquire Equity Banks shares in Housing Finance
Kenya-based investment firm Britam has received the green light from the Competition Authority of Kenya for buyout of mortgage lender Equity Banks shares in Housing Finance.
Societe Generale eyes acquisitions in central and eastern Europe
French banking major Societe Generale is reportedly planning to make acquisitions in central and eastern Europe, where the banks existing operations offer potential combined cost savings.
JPMorgan to slash additional 3000 jobs in retail banking unit
American banking giant JPMorgan Chase is set to axe 3,000 more jobs from its retail banking division than previously expected.
HSBC slashes 800 jobs in Brazil unit
British banking major HSBC has axed 800 employees in its Brazil division, according the Contraf-CUT bank workers’ union.
Banks understate scale of cyberfraud, says UK Treasury Committee chairman
Banks have been systematically understating the level of cyber crime in the banking system, said Andrew Tyrie, the chairman of the Commons Treasury select committee.
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BNY Mellon sets up new technology lab in Silicon Valley
Bank of New York Mellon (BNY Mellon) has set up a technology lab in Stanford Research Park in Palo Alto, Silicon Valley, with an aim to enhance digital offerings.
Standard Chartered unveils new proposition for priority and private banking clients
Standard Chartered has introduced an exclusive range of financial solutions for non-resident Indian and Pakistani expatriates in the UAE.
Four banks in race for Citi’s Japan consumer banking arm
A total of four Japanese banks are likely to take part in the second round of bidding for Citigroup’s consumer banking arm in Japan.
Harrods may foray into retail banking business-report
Harrods, an upmarket department store owned by Qatari sovereign wealth fund, is reportedly planning to foray into retail banking business.
GE Capital completes sale Nordic unit to Santander
GE Capital, the financial services division of GE, has closed the sale of GE Money Bank (Nordic unit) consumer finance business to Santander Consumer Finance.