All articles by Verdict Staff
Verdict Staff
DBS Bank names new transaction banking head
Singapore’s DBS Bank has named John Laurens as new head of global transaction services (GTS), replacing Tom McCabe, who will be relocating back to the US to head up the DBS franchise there.
Commercial bank of Dubai to launch Visa Signature credit card in UAE
Commercial bank of Dubai (CBD) and Visa have announced the launch of the Visa Signature credit card in the UAE.
Deutsche Bank hires new global transaction banking head in Japan
German banking giant Deutsche Bank has named Peter Massion as head of global transaction banking (GTB) and head of trade finance and cash management corporates (TF/CMC) in Japan.
TD Bank’s Canadian retail business reports 54% surge in Q3 income
TD Bank Group’s Canadian retail business has posted net income of C$1.4bn for the third quarter of 2014, a surge of 54% over the same quarter last year.
American bank earnings rise to $40.2bn in Q2- FDIC
Bank earnings in the US rose to $40.2bn in the second quarter of 2014 as institutions set aside less money for possible loan losses and cut expenses, according to data released by the Federal Deposit Insurance Corporation (FDIC).
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CaixaBank to buy Barclays’ Spanish retail banking business
CaixaBank has agreed to acquire Barclays’ retail banking business in Spain for approximately EUR800m ($1.1bn) as the British bank undergoes major restructuring.
BMO Financial’s Canadian P&C business sees 8% rise in Q3 income
Canadian personal and commercial banking (P&C) business of BMO Financial Group has posted net income of C$526m for the third quarter of 2014, an increase of C$40m or 8% from a year ago.
CIBC’s retail and business banking division reports higher Q3 earnings
Retail and business banking of the Canadian Imperial Bank of Commerce (CIBC) has posted net income of C$589m for the third quarter of 2014, down 4% compared to a year ago.
Cyberattackers raid big US banks stealing gigabytes of data
Several US banks including JPMorgan Chase and at least four other US banks were hit by hackers in mid-August sparking a federal investigation.
Spains CaixaBank invests 500m in contactless cash machines
Spain-based CaixaBank has signed an agreement worth 500m with Fujitsu to manufacture 8,500 cash machines fitted with contactless readers.