All articles by Verdict Staff
Verdict Staff
Santander to purchase GEs Nordic consumer-finance business for 700m
Banco Santander has agreed to acquire GE Capital’s consumer-finance business in Nordic region including Sweden, Denmark and Norway, in a transaction valued at approximately 700m ($952m).
Banco Popular to acquire Citi’s Spanish retail banking operation
Banco Popular Español has signed an agreement to purchase Citigroup’s retail-banking and credit-card business in Spain, for an undisclosed sum.
South Korea to offload Woori Bank’s stake in two tranches
The South Korean Government is considering to sell its 57% share holding in Woori Bank, a subsidiary of Woori Finance, in two instalments within the first half of 2015, to recoup the fund invested during the bailout.
Raiffeisen partners with Avaloq to establish technology company
Switzerland-based Raiffeisen Group has partnered with Avaloq to establish a new technology company for the implementation and operation of Raiffeisen’s retail banking platform.
World Cup 2014: Cash, There’s No Substitute
The three and a half million football fans heading to Brazil for the 2014 FIFA World Cup could have a “real” problem on their hands if banks aren’t prepared. Aside from public transport and services, the region is also working overtime to meet the financial demands of visitors, writes Micki Nguyen
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United Credit Union taps CUnify from Fiserv
United Credit Union of Mexico has selected Fiserv’s CUnify, an account processing platform, to improve overall performance and deliver a better financial services experience to its 20,000 members.
Bulgarian central bank takes control of Corporate Commercial Bank
The Bulgarian National Bank (BNB), the central bank of Bulgaria, has reportedly taken control of Corporate Commercial Bank, following severe cash crunch to meet client needs.
BofA enhances rewards programme for existing customers
Bank of America (BofA) will soon reduce the eligibility criteria for consumers to qualify for discounts on loans and other benefits, as part of its plan to get more business from existing customers.
India becomes third at-risk country for online banking frauds: report
Indian banking system is third most affected globally by online malware amid growing penetration of online banking in the country, a report by cyber security firm Trend Micro has revealed.
GE Capital Retail Bank ordered to pay $225m to settle illegal credit card practices
The US Consumer Financial Protection Bureau (CFPB) has ordered GE Capital Retail Bank (GE Capital), now known as Synchrony Bank, to refund nearly $225m in relief to consumers harmed by illegal and discriminatory credit card practices.