All articles by Verdict Staff
Verdict Staff
UK’s competition watchdog launches competition probe into banking industry
Britain’s competition watchdog CMA has launched investigation into services offered by the country’s big four banks to small business customers and personal accounts because of a lack of competition.
Japan’s Kagoshima Bank and Higo Bank in merger talks
Japanese regional banks Kagoshima Bank and Higo Bank are in merger talks, though no concrete decision has been taken yet.
Barclays may separate retail operations from riskier units-report
Barclays is reportedly planning to shift its businesses into eight entities in response as BOEs overhaul looms, which required British lenders to segregate retail operations from riskier investment banking arms.
RBS may further scale down its international operations
Royal Bank of Scotland (RBS) is planning to exit from central and eastern Europe and the Middle East as it reviews strategic options for its corporate lending division in these regions.
Societe Generale reports 4% rise in Q3 net banking income
Frances Societe Generale has reported net banking income of EUR5.87bn for the third quarter of 2014, a rise of 4% compared with EUR5.64bn a year earlier.
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ANZ to equip its ATMs with tap and pin technology by 2015
Australias ANZ Bank is working with ATM manufacturer NCR and credit card provider Visa to equip its national network of ATMs with EMV secure tap and pin technology, with an aim to mitigate card fraud.
Scotia Bank to slash 1500 jobs to reap cost savings
Canadas Bank of Nova Scotia is set to lay off 1500 employees, and close or downsize about 120 of its international branches.
U.S. Bank, Visa partner to offer corporate payment solutions in Europe
U.S. Bank has partnered with Visa to offer Visa Payables Automation, a paperless electronic payment service, in Europe.
Bank Asya to shut down 80 branches
Turkey’s Bank Asya is set to shut down 80 branches, which includes30 in Istanbul, following a withdrawal of TRY5.8bn ($2.61bn) between September 2013 and June 2014.
ING Group Q3 underlying net profit surges 36%
Dutch financial major ING Group has posted an underlying net profit of 1.12bn for the third quarter of 2014, a 36% rise from 820m a year ago.