All articles by Verdict Staff
Verdict Staff
Citigroup mulls sale of Japan retail banking unit
Citigroup is reportedly exploring options to divest its retail banking unit in Japan, as part of its strategy to focus on other businesses in the country.
Indonesia to draw up blueprint for Islamic finance incentives
The Otoritas Jasa Keuangan (OJK), Indonesia’s financial services authority, is drawing up a blueprint for the country’s Islamic finance incentives, including incentives to help revive sukuk market.
ING-DiBa deploys NCR’s ATM security solution
German private consumer bank, ING-DiBa has deployed NCR Solidcore Suite for APTRA security software to strengthen transaction security for its ATMs.
Azerbaijan’s IBA plans to float separate Islamic banking business
International Bank of Azerbaijan (IBA) is reportedly gearing up to establish a stand-alone Islamic banking business in order to more than quadruple its Islamic financing business in the country.
Danske to close two branches in Co Londonderry
Denmark-headquartered Danske Bank is to axe two more branches in Northern Ireland. The branches to close in Maghera and Dungiven, County Londonderry will reduce Danske’s Ulster branch network to 48 outlets, down from a peak of almost 100 in 2003.
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Mashreq rolls out Gold Edge Invest Account
UAE-based financial services firm Mashreq has rolled out a new account that provides customers with an option to purchase gold online.
Piraeus Bank to divest ATE Insurance to ERGO
Greece-based lender Piraeus Bank has reached an agreement to dispose 100% of ATE Insurance to ERGO Insurance Group, a subsidiary of Munich Re, as part of plans to boost its balance sheet.
US banks draw up plans to exit UK
US banks, including Bank of America (BofA), Citigroup and Morgan Stanley, are reportedly planning to relocate their London-based operations to Ireland, if the UK decides to leave the European Union (EU).
Sudan’s first mobile financial service launched
Zain Group, in collaboration with Bank of Khartoum, has launched Sudan’s first mobile financial service called Hassa’.
TPG Capital to acquire majority stake in Union Bank of Colombo
TPG Capital Management will acquire a majority stake in Sri Lanka-based Union Bank of Colombo (UBC) for $113m in what is said to be the country’s biggest buyout deal.