All articles by Verdict Staff
Verdict Staff
Barclays may incur additional £1.2bn in legal costs and fines
Barclays might have to pay an additional amount of nearly £1.2bn in legal costs and fines to cover the cost of mis-selling of payment protection insurance and other “legacy” issues.
CBN orders banks to charge fee on cash withdrawals from other banks ATMs
The Central Bank of Nigeria (CBN) has ordered deposit money banks to restart charging a fee of N65 per transaction on cash withdrawals from other banks ATMs.
AIBIM supports establishment of mega Islamic bank in Malaysia
Association of Islamic Banking in Malaysia (AIBIM) has voiced support for the creation of a mega Islamic bank in the country in a bid to make Islamic banking more acceptable globally.
Three major Japanese lenders compete to obtain banking licenses in Myanmar
Three major Japanese lenders are reportedly vying to obtain banking licenses in Myanmar for opening branches in the country as the government permitted a limited number of foreign banks to operate in the country.
UK shelves plan to sell Lloyds’ stake to private investors
The British government has ditched its plan to divest shares in Lloyds Banking Group (LBG) to private retail investors scheduled in September this year, after its share price tumbled.
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National Bank of Pakistan contemplates acquisition of Burj Bank
Government-owned National Bank of Pakistan (NBP) has expressed interest to purchase operations and assets of Burj Bank after its deal with MCB Bank collapsed a few months ago.
State Bank group plans to install 4,300 cash recyclers in India
State Bank of India and its five associate banks are reportedly considering installing approximately 4,300 cash recyclers across the country to replace its fleet of old ATMs or cash-dispensers that are more than seven years old.
Societe Generale closes bank branches through French summer break
French lender Societe Generale has shut down some of its bank offices for the summer break this year as part of an experiment with reduced opening hours.
Enterprise Bank opens new branch in Gusau, Zamfara
Enterprise Bank has launched its new branch in Gusau, Zamfara State, as part of its strategy to expand operations in northwestern Nigeria.
Faisal Islamic Bank of Egypt taps SunGard risk-management technology
Faisal Islamic Bank of Egypt, one of the first Islamic banks in Egypt, has chosen SunGard’s suite of enterprise risk management technology to establish a new operational framework for improved risk exposure, reporting and Basel compliance.