All articles by Verdict Staff
Verdict Staff
China injects $81bn into banking sector to support economy
China’s central bank is injecting CNY500bn or $81bn into the nation’s top five lenders for a three-month period to bolster the country’s flagging economy.
BofA loses $6bn in annual revenue by trimming consumer banking products
Bank of America has forgone nearly $6bn in annual revenue by phasing out risky consumer banking products and eliminating certain fees, a top executive told an investor conference in Boston.
ADIB further expands branch network in UAE
Abu Dhabi Islamic Bank (ADIB) has expanded its branch network across the UAE to 83, with the addition of three new branches.
ING introduces voice control mode in mobile banking app
ING has become the first bank in Europe to provide hands-free banking by introducing a voice control mode in its mobile banking app in the Netherlands.
Investec to sell Irish sub-prime mortgage business to Lone Star Funds
South African bank Investec has agreed to sell its Irish sub-prime mortgage business Start Mortgages to American private equity firm Lone Star Funds to simplify and reshape its banking business.
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Qatar National Bank buys additional 11% stake in Ecobank
Qatar National Bank (QNB) has acquired additional 11% stake in Togo-based Ecobank Transnational with $283m fresh investment.
French bank BPCE to launch Twitter-based payments service
French bank BPCE has said that will launch Twitter-based person-to-person (P2P) payments service next month.
BNP Paribas wraps up $1.39bn acquisition of Bank BGZ in Poland
French banking major BNP Paribas has completed the purchase of Poland’s Bank BGZ from Rabobank for approximately $1.39bn.
HDFC Bank plans to expand business in rural India
India-based HDFC Bank, is eyeing on expanding its business to rural areas, with an intention to make its rural operation profitable by 2016.
Bank of Israel asks banks to boost capital buffers against mortgage lending
The Bank of Israel, the apex banking regulatory agency in the country, has asked banks to boost their capital buffers to protect themselves from negative impact of growing mortgages loans and their associated risks.