All articles by Verdict Staff
Verdict Staff
Ukraine shuts two banks amid slowing economy
Ukraine is reportedly closing two banks considered close to the ousted president as well a smaller lender which has been hit by the country’s economic and political upheaval.
SBI to integrate five subsidiary banks to boost business efficiency
State Bank of India (SBI) is reportedly planning to merge its five subsidiary banks as part of its plan to fund the economy and boost operational capability.
ICICI Bank cuts 1,200 jobs to improve efficiency
Indian private sector bank ICICI Bank has eliminated 1,200 jobs across various banking divisions to improve efficiency.
US CFPB initiates inquiry into mobile financial services
The US Consumer Financial Protection Bureau (CFPB) has started a probe into the opportunities and challenges associated with the use of mobile financial services, as it gears to protect interests of both unbanked and underserved consumers.
Goldman Sachs, Bain Capital to shell out $121m for collusion lawsuit settlement
American financial services companies Goldman Sachs and Bain Capital have agreed to shell out a total of $121m to settle seven-year long lawsuit accusing them of colluding to suppress competition for takeover deals.
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Philippine National Bank plans to aggressively bid for UCPB
Philippine National Bank (PNB) is reportedly gearing up to aggressively bid for state-owned United Coconut Planters Bank (UCPB), as the lender aims to boost its presence through acquisitions.
Philippines Senate approves bill allowing 100% foreign ownership of local banks
The Philippines Senate has approved a bill designed to enable international banks to hold 100% stake in local banks in the country.
Bank of England rolls out new cyber-security framework
The Bank of England (BofE) has formally rolled out a new framework designed to test for cyber vulnerabilities at financial institutions.
HomeTrust Bank to acquire 10 BofA branches in Virginia
HomeTrust Bank has agreed to acquire Bank of America’s (BofA’s) ten bank branches in Virginia and North Carolina to boost its retail banking footprint in the region.
Peoples Bank of Indianola to purchase Pleasantville State Bank
Peoples Bank of Indianola has reached a definitive agreement to purchase Pleasantville State Bank in an all-cash transaction.