All articles by Verdict Staff
Verdict Staff
Pepper in talks to buy StanChart’s Hong Kong consumer finance unit
Specialty mortgage lender Pepper Australia is in advanced talks to acquire Standard Chartered’s consumer finance unit in Hong Kong.
Andhra Bank to open 450 new branches across India
Indian public sector lender Andhra Bank has decided to open 450 new branches across the country during current fiscal.
Aldermore Bank to float on LSE to boost growth
Aldermore Bank has announced plans to float on the London Stock Exchange (LSE) next month that could value the specialist bank between £800m and £900m.
Alibaba to seek approval to launch internet bank
Alibaba is reportedly set to file an application for launching a micro-savings and micro-loans internet bank after claiming the record for the largest US-listed initial public offering.
Citigroup to expand retail banking business in UAE
Citigroup, which recently exited consumer banking business in Greece, Turkey, Pakistan and Romania, is targeting expansion in the UAE.
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Citigroup shortlists potential buyers for Japan retail banking arm
Citigroup has shortlisted Sumitomo Mitsui Banking, Sumitomo Mitsui Trust Holdings and Shinsei Bank as potential buyers of its retail banking business in Japan.
Indian public sector banks need $37bn in fresh capital to meet Basel III norms: Moody’s
Public-sector Indian banks will require up to US$37 billion in external capital to comply with the Basel III norms, according to credit rating agency Moody’s.
ICICI Bank introduces new mobile banking apps for branch transactions
Indias ICICI Bank has enhanced its customers mobile banking experience by introducing four new mobile banking applications for branch transactions and video banking for NRIs.
World Bank’s IFC to buy 15% stake in Pakistan’s Bank Alfalah
The International Finance Corporation (IFC), a member of the World Bank Group, has signed an agreement to buy a 15% equity stake in Pakistan’s Bank Alfalah.
KBC to wind down Antwerp Diamond Bank operations
Belgian banking group KBC has decided to wind down its subsidiary Antwerp Diamond Bank (ADB) after failing to complete its sale to China’s Yinren Group.