All articles by Verdict Staff
Verdict Staff
Lloyds to divest EUR1.1bn Irish loans to US firm Lone Star
UK lender Lloyds has agreed to divest its EUR1.1bn portfolio of 4,000 non-performing Irish residential mortgages to American private equity firm Lone Star Funds.
Equity Bank launches American Express cards in Kenya
Equity Bank in partnership with American Express has launched new American Express cards in Kenya.
GE looks to sell Polish banking unit Bank BPH
American multinational conglomerate General Electric (GE) is mulling options over the possible sale of its Polish banking unit, Bank BPH.
Banks should face tough regulation, says Nobel Laureate Jean Tirole
Banks receiving government support should face tough regulation, says Jean Tirole who has won the Nobel Prize in Economic Sciences this year.
BofA consumer banking arm reports higher Q3 income
The consumer and business banking arm of Bank of America has posted a net income of $1.85bn for the third quarter of 2014, a rise of 4% compared with $1.78bn a year ago.
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Citigroups consumer banking head to exit
Manuel Medina-Mora, Citigroup’s head of consumer banking and chairman of its Mexico unit Banamex, is poised to resign in the coming months.
State Bank of India amends ATM usage policies
State Bank of India (SBI) has said that it will offer unlimited transactions for customers maintaining higher account balance, and provide more free transactions to those customers who avoid going to branches.
Citigroups consumer banking unit exits 11 foreign markets
New-York-based Citigroups consumer banking division is set to exit from 11 foreign markets.
Axis Bank implements Fundtechs global cash management solution
Indian private sector lender Axis Bank has implemented Fundtech’s cash management solution, called Global CASHplus, for remittances.
US banks to sharpen focus on credit card lending to augment revenues
Major American banks including JPMorgan Chase and Citigroup are planning to ramp up credit card lending in order to boost revenues.