All articles by Verdict Staff
Verdict Staff
UK’s first digital-only bank Atom looks to raise £20m to fund its launch-report
The UKs first digital-only bank Atom is planning to raise £20m from prominent backers to fund its launch, Sky News has reported.
National Australia Bank to divest its Yorkshire and Clydesdale banks-report
National Australia Bank is reportedly seeking to sell its Yorkshire and Clydesdale banks to enhance focus on its core businesses in Australia and New Zealand.
Lloyds swings to profit in Q3, total lending up 26%
British banking giant Lloyds Banking Group has reported third-quarter statutory profit before tax of £751m, versus a year-ago loss of £440m.
Three Russian banks file lawsuit against EU for imposing sanctions
Three major state-owned banks of Russia have filed lawsuits against the European Union (EU) for imposing sanctions on them for Moscows alleged role in Ukraines crisis.
StanChart Q3 operating profit drops 16%, plans branch cuts
Standard Chartereds operating profit fell 16.4% in the third quarter of the year to $1.53bn from $1.83bn a year ago primarily due to higher impairment losses.
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South Korea plans to sell minor stake in Woori Bank
The South Korean government is planning to sell a minor stake in Woori Bank with an aim to privatize the local major lender.
Lloyds commits £1bn for digital channels, confirms job cuts and branch closures
Lloyds Banking Group is set to inject an additional £1bn into digital channels over the next three years.
CommBank launches new app to lock misplaced credit cards
Commonwealth Bank of Australia (CommBank) has launched a new mobile and online app that allows customers to temporarily lockdown a credit card which may have been lost or stolen.
Twenty-five European banks flunk ECB stress test, Italy fares worst
Twenty-five out of 130 European banks, including nine Italian banks, have failed stress tests conducted by the European Central Bank (ECB) in the biggest-ever single review of the single currency’s major banks.
United Bank for Africa, Ixaris partner over virtual card payments
United Bank for Africa (UBA) has signed an agreement with Ixaris and its Nigerian partner Ojapay to implement a virtual card platform across its 20 African markets.