All articles by Verdict Staff
Verdict Staff
Emirates NBD CEO calls for more mergers in UAE banking sector
Emirates NBD chief Shayne Nelson has urged mid-sized UAE banks to consider in-market mergers, saying there are too many banks serving a relatively small population.
Citi launches new digital wallet
Citi has launched a new digital wallet that will enable its cardholders to have a quicker and simpler way to make online purchases.
Old Second National Bank selects D+H for decisioning and account opening platforms
Old Second National Bank, based in Aurora, Illinois, has selected DH Corporation’s uOpen loan account opening solution for online consumer and small business loans and DecisionPro for automated loan decisioning.
KBC Bank to open new retail banking hub in Maynooth, Ireland
KBC Bank Ireland is set to open a new retail banking hub in university town of Maynooth as part of its strategy to become a full retail bank in the country.
American National Bankshares snaps up MainStreet BankShares
American National Bankshares has agreed to buy MainStreet BankShares in Martinsville, Virginia, for approximately $24.2m.
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Bank of America to pay $16.65bn to settle mortgage case
Bank of America has agreed to pay $16.65bn to resolve allegations that it sold toxic mortgage-backed securities and other financial products in the lead-up to the financial crisis.
Westpac teams up with Moven for new mobile initiatives
Westpac has entered into exclusive New Zealand partnership with New York-based financial services start-up Moven to launch a series of new mobile initiatives.
Russian government to pump RUB239bn into VTB Bank and Rosselkhozbank
The Russian Finance Ministry has cleared a proposal to pump RUB239 billion ($6.6bn) into state-controlled VTB Bank and Rosselkhozbank in return for newly issued preferred shares.
ABN AMROs retail banking unit Q2 underlying profit up 16%
The retail banking unit of ABN AMRO has reported an underlying profit of 269 million for the second quarter of 2014, a 16% increase compared to 232 million for the same period last year.
Fraudsters target JPMorgan customers in email phishing campaign
The JPMorgan customers are being targeted by the fraudsters in an email “phishing” campaign that is unusual as it attempts to collect credentials for that bank and also infect PCs with a virus that steals passwords from other institutions.