All articles by Verdict Staff
Verdict Staff
US Fed fines Regions Bank $46m for 2009 loan accounting misconduct
The US Federal Reserve Board has fined a monetary penalty of $46m against Regions Bank for misconduct related to the process followed by the bank in the first quarter of 2009 for identifying and reporting non-accrual loans.
Singapore unveils strict liquidity requirements for retail banks
The Monetary Authority of Singapore (MAS) has unveiled strict rules on liquid capital that banks must hold as part of global regulatory efforts to shield banks against sudden financial stress.
Sainsbury’s Bank plans to open 28 new foreign exchange stores by 2014 end
Sainsbury’s Bank is reportedly planning to launch 28 new in-store bureaux de change by the end of the year, as part of its plan to tap evolving opportunities in the travel-money market.
State Bank Financial to buy Georgia-Carolina Bancshares
State Bank Financial has signed a definitive agreement to acquire Georgia-Carolina Bancshares and its wholly-owned subsidiary, First Bank of Georgia.
Kaspersky Lab uncovers hacking evidence of nearly half million euros
Cyber criminals have stolen more than half a million euros from accounts of a major European bank, which was discovered by the experts at Kaspersky Lab’s global research and analysis team.
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Spencer Savings Bank plans to purchase NJM Bank
Spencer Savings Bank has signed an agreement with New Jersey Manufacturers Insurance Company (NJM) to acquire NJM Bank for an undisclosed sum.
Islamic Bank of Britain considers rolling out new product range
Islamic Bank of Britain (IBB), a sharia-compliant retail lender, is reportedly considering launching a suite of new banking products to attract more customers, both domestic as well as in European market.
US Bank completes takeover of Chicago-Area Charter One Bank Franchise
US Bank has completed the acquisition of the Chicago-area Charter One branches from Citizens Financial Group and opened them under the US Bank banner.
Umpqua Bank to consolidate 27 branches after Sterling merger
Umpqua Bank will consolidate nearly 27 bank offices located within a mile of other Umpqua stores through the end of 2014, following merger with Sterling Financial.
Britons prefers traditional banking for carrying out transactions: report
British banking customers prefers to carry out in-branch banking transactions and traditional bank branches remain the preferred channel for product purchases, reveals a study by business and financial adviser Grant Thornton UK.