All articles by Verdict Staff
Verdict Staff
Citigroup to revamp US branch network
Citigroup is planning to revamp its US branches network that will have less than half the square-footage of a current average branch and equipped with latest technologies.
Bank of China launches first smart branch in collaboration with IBM
Bank of China (BOC) Tianjin Branch has launched its first smart branch utilizing IBM big data and analytics, as well as mobile and social business tools.
Capital One Bank plans to slash over 100 jobs in early 2015
Capital One Bank is set to slash jobs of about 111 employees in its Houston unit early in 2015 when it moves its responsibility for managing and processing account activity for its local branches out of state.
Westpacs retail banking arm registers 10% rise in annual profit
Australian lender Westpac retail and business banking segment has reported cash earnings of A$2.58bn for the fiscal year ended September 2014, a rise of 10% from A$2.35bn a year earlier.
BMI selects Gemaltos online authentication solution
PT Bank Muamalat Indonesia (BMI) has selected Gemaltos online authentication solution in order to enhance the security of its internet banking platform.
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Ulster Bank CEO hints at branch closures-report
Ellvena Graham, the chief executive of Ulster Bank in Northern Ireland, has said that the bank is planning for branch closures.
NBAD names former Barclays executive as retail banking chief
National Bank of Abu Dhabi (NBAD) has reportedly hired former Barclays banker Suvrat Saigal as new head of its consumer banking business.
Banks in emerging markets investing ambitiously to gain innovation leadership: Infosys study
Banks in emerging middle income and relatively high growth countries such as Brazil, India, Malaysia, Russia, South Africa and Turkey are more likely on average to have an innovation strategy, to be aiming to become innovation leaders, and to be investing in R&D, according to a study commissioned by Infosys and conducted by EFMA.
HSBC’s retail banking and wealth management arm sees 17% fall in Q3 pre-tax profit
The retail banking and wealth management business of HSBC has posted a pre-tax profit of $1.31bn for the third quarter ended 30 September 2014, a dip of 17% compared to $1.58bn a year ago.
Sterling Bank opens 10 new branches in Nigeria
Nigeria-based Sterling Bank has expanded its footprint with the opening of 10 new branches across the country.