All articles by Verdict Staff
Verdict Staff
Germany’s Commerzbank plans to cut 450 jobs
Germany-based Commerzbank is reportedly planning to cut additional 450 jobs, as part of its ongoing restructuring plan, to save operational costs and regain profitability.
Finnish digital bank Holvi plans Ireland operations
Finnish digital banking startup Holvi is reportedly gearing up to launch its operations in Ireland next month, as part of Europe-wide expansion.
Brazil infuses $20bn into banking sector amid slowing growth
Brazil, one of the largest economies in Latin America, is all set to infuse more than $20bn capital in its banking system in a bid to break free from stagflation.
Morgan Stanley advises RBS to offload majority Ulster Bank stake
Royal Bank of Scotland (RBS) received recommendation from Morgan Stanley to divest a majority stake in its Irish unit, Ulster Bank.
Indian government plans to merge IDBI Bank and United Bank
The Government of India has asked IDBI Bank and United Bank to draw a blueprint for their merger, with an aim to boost efficiency.
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Bank of England proposes new laws to abolish state bailouts for failed banks
Bank of England (BOE) issued a new set of regulations, as per which, investors will pay funds required to bailout troubled lenders, instead of the taxpayer footing the bill.
BayernLB to offload MKB Bank to Hungary for $74m
Bayerische Landesbank, one of the second-biggest state-owned banks in Germany, agreed to dispose its ailing Hungarian banking operation, MKB Bank Zrt, to the Hungarian government.
Bank of America to shell out $16.6m to settle US sanctions violation dispute
Bank of America has reached an agreement to pay $16.6m to settle the allegations that it processed several hundred transactions that are subject to US sanctions.
UBA unveils Next-Gen current account for teenagers and young adults
United Bank of Africa (UBA) rolled out the new Next-Gen account designed to attract next-generation customers, including teenagers and young adults.
ING Vysya chooses Mindtree as strategic digital partner
ING Vysya, a private sector bank in India, has selected Mindtree as a strategic digital partner for its next generation mobility program.