All articles by Verdict Staff
Verdict Staff
Citigroup mulls to divest retail banking business in Japan
Citigroup is mulling to divest its retail banking business in Japan as the group rethinks its global operations after a series of regulatory issues in the US and abroad.
RBCs personal & commercial banking unit Q3 net income dips
The personal & commercial banking segment of Royal Bank of Canada (RBC) has reported a net income of $1.14 billion for the third quarter ended 31 July 2014, down $29 million or 2% compared to the previous year.
UAE threatens StanChart with legal action over SME account closures
Standard Chartered’s decision to close majority of its small and medium enterprise (SME) accounts in the UAE has irked the country’s central bank, who has threatened the bank with legal action.
NCR to help GECU improve digital and physical banking experiences
GECU, a $2bn-asset credit union, has selected NCR to unlock enhance member experiences through combination of digital banking services and interactive, remote video software.
UAE’s RAKBANK launches MobileCash app for card-less ATM withdrawals
UAE-based RAKBANK has debuted its new digital banking solution MobileCash to allow users to withdraw cash from ATMs without using a debit card.
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Americans gradually embracing mobile banking, says ABA report
The US citizens are gradually embracing mobile banking channel, with 10% of consumers currently preferring it against 8% in 2013, reveals a data released by the American Bankers Association (ABA).
Bank of Cyprus to offload Romanian assets
Bank of Cyprus will offload its assets in Romania’s Societatea Companiilor Hoteliere Grand to an Austrian stock company Strabag for 95m.
MB Financial acquires Taylor Capital
MB Financial, the parent of MB Financial Bank, has concluded the previously announced takeover of Taylor Capital Group.
Sumitomo Mitsui acquires 12.25% stake in Cambodian bank
Japan-based Sumitomo Mitsui Banking (SMBC) has acquired International Finance Corporation’s (IFC) 12.25% equity stake in Cambodian bank Acleda, in a JPY10bn ($97m) deal.
New York banking regulator fines StanChart $300m for poor anti money laundering practices
The New York Department of Financial Services (NYDFS) has imposed a monetary penalty of $300m against the British lender Standard Chartered for poor controls on money laundering practices.