All articles by Verdict Staff
Verdict Staff
Major banks give their nod to sign the new ISDA Resolution Stay Protocol
A total of 18 major global banks (G-18) have offered their consent to sign a new ISDA Resolution Stay Protocol in order to facilitate cross-border resolution efforts and minimize systemic risk.
US, British regulators conduct war game to rehearse hypothetical cross-border bank collapse
Top US and British regulators will carry out their first war games today to test how they would handle another Lehman Brothers-style banking crisis.
First Bank of Nigeria forays in to Ghana market
First Bank of Nigeria (FBN) has officially launched its operations in Ghana, after acquiring a 100% equity interest in ICBC Ghana from International Commercial Bank Financial Group Holdings (ICBFGH).
Skye Bank signs agreement to buy Mainstreet Bank, pays 20% deposit
Skye Bank has signed the agreement for the buy 100% shares of Mainstreet Bank from the Asset Management Corporation of Nigeria (AMCON) after it emerged as the preferred buyer for the nationalized lender.
Portugal’s Espirito Santo files for bankruptcy on failed protection
Espirito Santo Financial Group (ESFG), which once held 25% of the bailed-out Portuguese lender Banco Espirito Santo, has filed for bankruptcy after a Luxembourg court rejected its request for creditor protection.
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Banco del Bajío to license TSYS’ PRIME 4 card management solution
Mexican bank Banco del Bajío has signed an agreement with TSYS, a processor of merchant acquirers and bank credit card issuers, to license TSYS’ PRIME 4 card management solution.
Garanti Bank selects Nuance to deliver voice-driven mobile banking
Turkey’s Garanti Bank has selected Nuance Communications’ Nina mobile virtual assistant to deliver convenient, voice-driven mobile banking.
Citigroup’s personal loan business OneMain files for $50m IPO
OneMain Financial, the consumer finance unit of Citigroup with over 1,100 branches, has filed for a $50m initial public offering (IPO) in the US.
BNP Paribas selects Clear2Pay for internet and mobile banking solution
BNP Paribas – IRB (International Retail Banking) has signed a contract with Clear2Pay to supply its clients with a future proof internet banking solution through the OPF eBanking platform.
Delta Lloyd abandons plans to sell Belgian bank
Dutch insurer Delta Lloyd has said that it has decided to discontinue the sale process of Delta Lloyd Bank Belgium.