All articles by Verdict Staff
Verdict Staff
Wilbur Ross to offload shareholding in Bank of Ireland
US billionaire investor Wilbur Ross is reportedly planning to offload his remaining 5.5% shareholding in Bank of Ireland, after staying invested for three years.
Tesco Bank unveils first current account
UK-based Tesco Bank has rolled out its first current account that has been designed after taking feedback from over 20,000 customers for a customer-friendly product.
Turkey’s Yap? Kredi Bank rolls out branchless banking service with Monitise
Turkey’s Yap? Kredi Bank has joined hands with Monitise, a mobile money major, to offer Nuvo, a ‘branchless banking’ service with mobile commerce capabilities.
BNC Bancorp agrees to buy Harbor Bank
Bank of North Carolina holding company BNC Bancorp has reached an agreement to purchase all of the common stock of Harbor Bank Group, in a stock transaction worth $50.6m.
Financial Partners Credit Union taps NCR video teller technology
Financial Partners Credit Union has partnered with NCR to use new interactive, remote video software, thereby becoming the first financial institution to deliver teller services in the greater Los Angeles area.
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Philippines SEC approves EastWest-Green Bank merger
The Philippines Securities and Exchange Commission (SEC) has granted permission for the proposed merger of Gotianun-led East West Banking with Agusan del Norte-based Green Bank.
Al Salam Bank, BMI Bank ink MoU with Meethaq
Al Salam Bank Bahrain (ASBB) and Bahraini retail and commercial banking firm, BMI Bank, have jointly signed a memorandum of understanding (MoU) with Meethaq, an Islamic window of Bank Muscat, to pool expertise, technologies and resources collectively.
United Bank commits $42m for personal loans in 2014
Egypt-based United Bank has committed to provide EGP300m ($42m) finance in personal loans to boost its retail lending share in the country’s market.
Russia’s VTB to stop servicing US clients to meet FATCA rule
VTB Group, one of the second-biggest banks in Russia, will gradually stop serving its 2,000 US clients, to comply with the requirements of the Foreign Account Tax Compliance Act (FATCA).
Lloyds to launch TSB IPO below book value price
Lloyds Banking Group is expected to price its much awaited initial public offering (IPO) of TSB shares to divest nearly 25% stake at below its book value.