All articles by Verdict Staff
Verdict Staff
RBS to sell Citizens Financial stake in IPO
Royal Bank of Scotland (RBS) has said that it is planning to sell 140 million shares of its US unit Citizens Financial to bolster its finances.
New Zealand’s Heartland buys stake in P2P lending platform HarMoney
Heartland New Zealand has acquired nearly 10% shareholding in HarMoney, only licensed peer-to-peer lending platform in New Zealand.
ECB amends loan-level reporting requirements for some asset-backed securities
The governing council of the European Central Bank (ECB) has decided to alter the loan-level reporting requirements for asset-backed securities (ABSs) backed by auto loans, leasing receivables, consumer finance loans and credit card receivables.
QNB buys 12.5% stake in Ecobank
Qatar National Bank (QNB) has acquired a 12.5% stake in pan-African lender Ecobank Transnational Incorporated.
Banco Espirito Santo to wrap up Hong Kong operation
Failed Portuguese bank Banco Espírito Santo has reportedly decided to close its Hong Kong operation as part of a restructuring after a government bailout.
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Mitsubishi UFJ to spend $8bn on acquisition of retail banks overseas
Mitsubishi UFJ Financial (MUFG) has set aside $8bn to buy more retail banks in the US and Asia to make up for weak prospects in Japan due to an aging population.
Commerzbank nears deal with US authorities to settle Iran case-report
German lender Commerzbank is reportedly nearing a deal with US regulators to settle allegations relating to its dealings with Iran and other nations under US sanctions.
Please No: consequences of a Yes vote do not bear thinking about
If the latest opinion polls are accurate, the voters of Scotland are toying with ending the 307-year-old union with England, writes Douglas Blakey
UK seeks to overturn EU cap on bankers’ bonuses
The lawyers the UK Treasury are set challenge the proposed EU bankers’ bonus cap in the European Court of Justice Luxembourg arguing that rules are an unjustified intrusion.
Bob Diamond’s Africa venture raises stake in Nigeria’s Union Bank
Atlas Mara Co-Nvest, the African investment vehicle of former Barclays chief Bob Diamond, has agreed to buy additional 20.9% stake in Nigeria’s Union Bank for $270 million from Asset Management Corporation of Nigeria (AMCON).