All articles by Verdict Staff
Verdict Staff
Standard Bank rolls out upgraded mobile banking app
Standard Bank, a South African financial services company, has rolled out its upgraded version of mobile banking app for smartphones.
Bank of Africa unveils Wari money transfer services
Bank of Africa has rolled out a cash transfer service known as the Wari money transfer to cater to the ‘unbanked’ section in the country.
Indonesia contemplates divestment in banks to boost economy
Indonesia is reportedly considering selling government stakes in banks while capping lending quotas, as part of its plan to channel more credit into the industry.
ABG, WB collaborate to enhance Islamic banking
Al Baraka Banking Group (ABG) has signed an agreement with the World Bank (WB) to start a research partnership for the benefit of global Islamic banking industry.
ANZ, Citibank, Westpac face biggest class action lawsuit in Australia
Australian lenders including Westpac Banking (WBC), Citibank and Australia & New Zealand Banking Group (ANZ) face a class action lawsuit in the country filed by consumers over late credit card fees.
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Royal Bank of Scotland Libor rigging probe to last until 2015
The criminal probe by the UK’s Serious Fraud Office (SFO) into former traders at Royal Bank of Scotland (RBS) over the Libor rigging case is expected to last until 2015, breaking the lender’s hope to emerge from its black past.
Mutual of Omaha Bank to divest five branches in Colorado
US-based Mutual of Omaha Bank has reached an agreement to dispose its five banking branches in Colorado to Denver-based CIC Bancshares for an undisclosed sum.
Qatar Islamic Bank terminates exclusive discussions with Bank Asya
Qatar Islamic Bank (QIB) has reportedly terminated its exclusive negotiations with Turkey-based Islamic lender Bank Asya over purchase of a stake in the bank.
South Africa’s central bank to infuse nearly $1bn fresh capital in Abil
The South African Reserve Bank (SARB) has placed African Bank Investments Limited (Abil) under curatorship and plans to pump nearly $1bn fresh capital to save the crisis-hit lender.
Middle Eastern and North African banks to increase IT spending in 2014
Middle East and North African banking and securities companies will spend nearly $13.2bn on IT products and services in 2014, an increase of 2.7% over 2013 revenue of nearly $12.8bn, reveals a report by Gartner.