All articles by Verdict Staff
Verdict Staff
Operating profit surges to £881m at RBSs personal & business banking segment in Q3
The Personal & Business Banking (PBB) segment of Royal Bank of Scotland (RBS), which contains UK PBB and Ulster Bank, has posted operating profit of £881m for the third quarter of 2014, compared with £75 million in the year ago quarter.
Citigroup to slash 370 jobs in consumer banking section in US next year
Citigroup is planning to cut 370 jobs in consumer banking business section in the middle of next year in the Des Moines-area of Iowa.
Austrias Hypo Alpe-Adria-Bank splits as part of restructuring plan
Austrias government-owned Hypo Alpe-Adria-Bank International has been split between a wind-down unit named Heta Asset Resolution, and its southeastern European network of banks.
Pre-tax profits up 18% at Barclays’ Personal and Corporate Banking unit; sets aside £500m for FX fines
Barclayss Personal and Corporate Banking unit has reported pre-tax profit of £2.26bn for the nine months period ended 30 September 2014, up 18% compared to £1.91bn a year ago.
Hungarys OTP Bank mulls acquiring Polish bank to shrink costs
Hungary’s OTP Bank is planning to buy a Polish bank with strong online banking knowledge and use its technological expertise trim costs.
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Xoom launches instant deposit service for ICICI bank accounts in India
Xoom, a San Francisco-based digital money transfer provider, has launched an instant deposit service for all ICICI bank account holders in India.
YES Bank forays into home loan market
YES Bank has forayed into the home loan market, with a focus on the affordable housing segment.
Former Coop Bank head faces three-year ban from managerial roles
Switzerland’s financial watchdog FINMA has banned Andreas Waespi, the ex-CEO of Coop Bank, from management jobs in the finance sector for three years, as an investigation revealed that the retail bank manipulated its own shares.
Axis Bank launches new outward remittance service in 100 currencies
Indian private sector lender Axis Bank has launched a new seamless, paperless online outward remittance facility for customers in over 100 currencies and across 150 countries.
Banco Santander Uruguay chooses Syniverses solution for email campaign management
Banco Santander Uruguay has chosen Syniverses Mobile Engagement for Customers solution to enhance customer communications.