All articles by Verdict Staff
Verdict Staff
Lloyds Banking Group close to settle Libor dispute with US and UK authorities
Lloyds Banking Group is reportedly in advance stage of negotiations with the US and UK regulators to settle the probe that the bank allegedly manipulated London Interbank Offered Rate (Libor) benchmark interest rates.
National Bank of Pakistan to launch 175 Islamic branches by 2015
National Bank of Pakistan (NBP) will open approximately 175 Islamic branches across the country by the end of 2015 to enhance its network of Islamic Banking (IB) division.
New Zealand’s premier bank grants banking license to China Construction Bank
The Reserve Bank of New Zealand (RBNZ) has granted a license to China Construction Bank (CCB) to establish a subsidiary in the country and start banking operations.
Brazilian bank Bradesco plans to pilot NCR’s ATM intelligent deposit technology
Brazil-based diversified financial services company Bradesco is planning to start the pilot of new technology from NCR, with an aim to provide customers immediate account credit for cash deposits made at the ATMs.
Bulgaria seeks European supervision for country’s banks
Bulgaria has sought European supervision for its banks, as part of a plan to strengthen its financial supervision system, in the wake of collapse of its Corporate Commercial Bank (CCB).
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Webster Bank taps ACI’s Universal Online Banker platform
US-based Webster Bank has partnered with ACI Worldwide, a global electronic payment and banking technologies provider, to host its online banking platform, Universal Online Banker, for offering better services to its customers.
Bank of Cyprus customers offload stake to trim losses
Bank of Cyprus depositors are reportedly divesting their stakes in the lender at a discount to trim their losses in the wake of seizure of customer deposits by the bank as part of a special move to rescue the island from financial collapse.
Union Bank to renovate branches to enhance customer services
Union Bank of Nigeria (UBN) has decided to refurbish nearly 60 offices to improve customer service experience.
Bank of England lobbies with British regulator to ease capital regulations
The Bank of England (BoE) is pressing hard for the relaxation of sovereign capital norms for small banks with the Basel Committee on Banking Supervision (BCBS), amid concerns that smaller banks won’t get a level-playing field as compared to bigger rivals.
Wells Fargo partners with National Bank to expand remittance services to Philippines
Wells Fargo & Company (WFC) has teamed up with the Philippine National Bank (PNB) to enable Wells Fargo ExpressSend customers to send money to family and friends to over 600 PNB locations across the country.