All articles by Verdict Staff
Verdict Staff
US Justice Department to sue Citi, BofA for failing to settle mortgage probes
The US Department of Justice (DoJ) is considering suing Citi and Bank of America (BofA), after talks aimed at settling investigations into the banks’ sales of mortgage-backed bonds broke down.
NBO plans to open five new Islamic banking branches
National Bank of Oman (NBO) is reportedly considering establishing five new Muzn Islamic banking branches in the country, as part of its strategy to boost its branch network in the region.
UniCredit gets regulatory nod for IPO of online banking unit
Italian lender UniCredit has received approval from the Commissione Nazionale per le Società e la Borsa for the listing of up to 30% of the share capital of its online banking unit FinecoBank in an initial public offering.
Four Thai lenders compete to obtain banking licenses in Myanmar
Four Thai banks – Bangkok Bank, Krungthai Bank, Siam Commercial Bank and Kasikorn-bank – are competing to obtain banking licenses in Myanmar, after the country’s financial sector was opened up for foreign banks.
RBS plans to inject fresh equity capital into Ulster Bank
Royal Bank of Scotland (RBS) is reportedly engaged in negotiations with US-based private equity firm Warburg Pincus to infuse fresh equity capital in its cash strapped Irish arm Ulster Bank.
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UK finance minister to grant special powers to BoE to cap mortgages
Britain’s Chancellor of the Exchequer George Osborne is planning to confer special powers to Bank of England (BoE) to control mortgage lending and trim the risks that may threaten financial stability.
Alpha Bank close to acquire Citi’s Greek retail banking unit: report
Greece-based Alpha Bank is reportedly nearing an agreement with Citibank to acquire its retail banking operation in the country.
US Federal Reserve considers changes to annual bank stress tests
The US Federal Reserve has proposed a set of strict terms and conditions for banks to pay dividends or buy back shares as part of various changes to its annual stress tests to check banks’ ability to sustain financial crisis.
Caixabank considers bidding to purchase Barclays Spanish retail banking unit
Spain-based Caixabank is planning to place bids to acquire Barclays’ retail business in Spain, as part of its plan to boost its market presence in the country, especially in Madrid.
RBI to grant approval for India’s first payments bank
The Reserve Bank of India (RBI) has announced that India’s first payments bank, which will provide only deposit and payment services without offering loans, will soon be established.