All articles by Verdict Staff
Verdict Staff
Wells Fargos community banking segment post 4% rise in Q3 income
Wells Fargo & Companys community banking segment has reported a net income of $3.5bn for the third quarter of 2014, an increase of 4% compared with the year ago quarter.
IT Investment shows signs of paying off at Nationwide
Many banks spend a lot of time talking about what they would like to be providing for their customers. Only a few banks are able to put those words into action and come out with something innovative and useful to customers. Nationwide has gone and done just that, writes Billy Bambrough
Muganbank opens three new branches in Azerbaijan
Muganbank has expanded its footprint with the opening of three new branches in Azerbaijan.
JPMorgan’s consumer & business banking division post 20% rise in Q3 profit
JPMorgan’s consumer & business banking division has posted a net income $914m for the third quarter of 2014, an increase of 20% compared with the prior year.
U.K. Asset Resolution sells residential mortgages worth £2.7bn to JPMorgan consortium
U.K. Asset Resolution (UKAR), which warehouses assets from banks nationalized during the financial crisis, has sold £2.7bn ($4.3bn) of loans to a group led by JPMorgan Chase & Co. in a bid to lower its debt to taxpayers.
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Hungarian retail banks to buy 980m from central bank to refund households
Hungarys retail banks have bought 980m from the central bank at the market rate of 305.45 forints to a euro in a tender with the aim to refund households.
Bank Of Suzhou partners with Dianrong.com to launch a online P2P finance platform
Bank Of Suzhou has partnered with Dianrong.com to jointly build an Internet finance platform focusing on serving more than 79 million users in Jiangsu province of China.
Kotak Mahindra Bank launches new payment service using Facebook
Indias Kotak Mahindra Bank has launched a new payment facility for Facebook users to send money to each other in real time.
Mashreq, Avaya unveil new virtual banking platform
Mashreq, an UAE-based lender, and Avaya, a provider of communications solutions, have unveiled Avaya SmartConnect solution at Gitex Technology Week.
BNZ launches first online banking community in New Zealand
BNZ has pioneered an online banking community and social hub in New Zealand, dubbed BNZ Community which will guide New Zealanders on banking and money-related matters.