All articles by Verdict Staff
Verdict Staff
First Trade Union Bank unveils new digital banking platform
First Trade Union Bank unveiled its improved digital banking platform equipped with new online banking capabilities, a new FT Mobile app for iOS and Android devices, and a website built using responsive web design ftub.com.
RBS announces fresh job cuts in Channel Islands
Royal Bank of Scotland (RBS) is reportedly planning to eliminate dozens of banking jobs across Channel Islands including 26 in Jersey, as part of a strategic review announced by the lender at the end of February.
Lloyds Bank unveils new features for mobile banking app
Lloyds Bank unveils new features for its mobile banking app on handheld devices, enabling customers to securely pay bills and people, including first-time payments with full internet banking transaction limits.
Portugal’s BCP to divest Romanian operations for 39m to OTP Bank
Portugal-based Banco Comercial Português (BCP) or Millennium BCP has signed an agreement to divest its Romanian banking business Banca Millennium to Hungary’s OTP Bank, in a transaction valued at approximately 39m ($52m).
San Antonio Federal Credit Union deploys NCR’s branch transformation solution
San Antonio Federal Credit Union (SACU) is piloting a dynamic branch transformation solution from NCR at three branches in San Antonio, Texas, to modernize and automate non-cash branch transactions.
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Lloyds agrees to pay £218m to settle LIBOR disputes
Lloyds Banking Group (LBG) has agreed to pay £218m in fine to the US and UK regulators to resolve the British Bankers’ Association (BBA) London Interbank Offered Rate (LIBOR) and Sterling Repo Rate fixing charges.
Singapore’s OCBC acquires majority stake in Wing Hang Bank
Singapore-based Oversea-Chinese Banking Corporation (OCBC) purchased approximately 97.52% shareholding in Wing Hang Bank, closing the HK$38.4bn ($4.95bn) bid for the family-run Hong Kong lender.
NatWest closes Highbridge branch
British retail bank NatWest shut down its branch in Highbridge, citing sharp decline in customers who use the branch for banking transactions.
First Atlantic Bank expands footprint in Ghana
Ghana-based First Atlantic Bank has opened a modern branch at the Airport Residential area in Accra as part of its expansion plans in the region.
KCB to launch Islamic banking services in Kenya
Kenya-based KCB Bank is gearing up to launch Islamic banking products through its entire branch network, aiming to boost market penetration in east Africa’s largest economy.