All articles by Verdict Staff
Verdict Staff
ING and ABN Amro inch closer to state exit
Dutch lenders ING and ABN Amro, bailed out in 2008, have inched closer towards state exit after passing the stress tests conducted by the European Central Bank (ECB) by a wide margin.
Monte dei Paschi explores strategic options after failing ECB stress tests
Italian lender Banca Monte dei Paschi di Siena has hired UBS and Citigroup as advisers to explore strategic options after a pan-European health check of lenders unveiled that it was the worst performer with the largest funding gap.
Praise Be for TSB
We hear plenty about the ‘Last Branch in Town’ and banks deserting small towns and villages. But a little less about banks deserting en masse certain parts of the major cities, writes Douglas Blakey
BoEs deputy governor challenges EU ruling on bankers bonuses
Andrew Bailey, chief executive of the Prudential Regulation Authority (PRA) and deputy governor of Bank of England, said allowances for top banking executives are likely to be paid this year despite the fact that they have been deemed breach of the bloc’s cap on banker bonuses.
Denmark rejects proposal to split systemically important banks
The proposal to split EU’s biggest banks hit deadlock as Denmark rejected the proposal questioning the value of more regulation.
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Islamic Bank of Britain to rebrand as Al Rayan Bank
Islamic Bank of Britain (IBB) has said that it plans to change its name to Al Rayan Bank subject to formal shareholder approval.
Australia asks banks to speed up new payment system
The Reserve Bank of Australia (RBA) has warned that it will be “duty bound” to use its regulatory powers if the nation’s banks cannot reach agreement on the new payments platform (NPP), a joint project to deliver near-instant payments.
Standard Chartered Bank introduces new credit card
Standard Chartered Bank has launched a new credit card to meet the needs and facilities for travellers in Pakistan.
Former Pimco chief executive invests in P2P lender Payoff
Mohamed El-Erian, the former chief executive of investment management giant Pimco, is making a foray into the peer-to-peer (P2P) lending business by investing in US outfit Payoff.
India may hike FII holding limit in public sector lenders to 25% -report
The Indian government is reportedly planning to increase foreign institutional investors’ (FII) holding limit in public sector banks (PSBs) to comply by the capital requirements under the Basel III accord.