All articles by Verdict Staff
Verdict Staff
Lloyds Banking Group faces up to £300m Libor penalty
Lloyds Banking Group (LBG) is expected to pay a fine of between £200m and £300m to settle charges of rigging London Interbank Offered Rate (Libor).
EU regulators approve restructuring of two Greek banks
The European Union (EU) financial regulators have approved the restructuring of two Greek banks, saying it is in line with EU state aid rules.
Deutsche Bank fraught with serious reporting problems, says NY Fed Reserve
Federal Reserve Bank of New York unearthed serious shortcomings in Deutsche Bank’s US operations, such as poor financial reporting, fragile technology and insufficient auditing and oversight.
Tangerine Bank taps AMP’s cheque imaging technology
Tangerine Bank, formerly ING DIRECT, reached an agreement with All My Papers (AMP) to leverage its cheque imaging technology, ‘All My Checks’.
CIMB Group eyes banking licenses in Southeast Asian markets
CIMB Group, Malaysia’s second-largest bank, is reportedly eyeing banking licenses in Vietnam, Myanmar and Philippines, as part of its strategy to expand footprint in fast-growing Southeast Asian markets.
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Banc of California taps nCino’s bank operating system
Banc of California has selected nCino’s bank operating system to automate and standardize commercial and SBA lending.
HSBC to close another branch in London
HSBC is reportedly considering shutting down its branch in Hook Parade in London, citing lack of customers amid growing popularity of internet and phone banking.
CIT agrees to purchase OneWest Bank for $3.4bn
CIT Group has signed a definitive agreement and plan of merger to acquire OneWest Bank from IMB Holdco for $3.4bn in a mixture of cash and stock.
New Zealand’s central bank to review country’s banking regulations
Reserve Bank of New Zealand (RNBZ) will soon launch a review of the country’s banking regulations to streamline them in the wake of Basel III norms.
Royal Bank of Scotland fined $1.6m for manipulating Australian interest rates
Australian Securities & Investments Commission (ASIC) imposed a monetary penalty of $1.6m on Royal Bank of Scotland (RBS) for its alleged role in manipulating Australian Bank Bill Swap Rate (BBSW).