All articles by Verdict Staff
Verdict Staff
Western banks begin departure from Iraq amid escalating crisis
A number of western banks including Standard Chartered, Citibank and HSBC, have started to pull out of Iraq amid escalating crisis in the country.
India’s central bank to issue guidelines on differentiated licenses in current fiscal
The Reserve Bank of India (RBI) will issue guidelines designed to grant on-tap and differentiated banking licenses during the current fiscal.
HSBC may quit Libya under business restructuring plan
British banking firm HSBC is reportedly gearing up to shut down its Libyan operations in the wake of business restructuring, as the unit is not profitably viable.
Dubai Islamic Bank launches Smart Bank initiative to redefine customer experience
UAE-based Dubai Islamic Bank (DIB) has rolled out ‘Smart Bank’, a new customer centric proposition to offer improved banking services to its customers.
StanChart Saadiq launches first Islamic banking centre in UAE
Standard Chartered Saadiq, the Islamic banking division of Standard Chartered Bank, has launched its first dedicated Islamic banking centre in the UAE at the Al Khalidiya Branch in Abu Dhabi.
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Xenith Bankshares takes over Colonial Virginia
Colonial Virginia Bank (CVB) was merged into Xenith Bank, a subsidiary of Xenith Bankshares, Inc., which announced the acquisition on 1 July 2014.
New core banking solution from Misys
London-based software company Misys has launched a new core banking solution called Misys FusionBanking Essence which enables banks to transform their retail and SME banking businesses.
Stanbic Bank launches new mortgage product for Ghanaian diaspora
Stanbic Bank Ghana has launched a unique mortgage product called Diaspora Mortgage for Ghana citizens living abroad.
Nashville gets billion-dollar bank with Franklin Synergy and MidSouth merger
Franklin Synergy and MidSouth banks have announced merger this week to give Nashville, the capital of the US state of Tennessee, its most recent billion-dollar bank.
Intangis appeals to prevent sale of erstwhile Afribank
A US court has issued orders to call upon the representatives of a group that was founded to manage the rescued banks of Nigeria regarding a dispute with US investment firm Intangis Holdings.