All articles by Verdict Staff
Verdict Staff
Chinese banks should concentrate on retail banking: report
Chinese banks should focus on developing their retail banking operations that will enable them to diversify the revenue channels while offering a bigger source of profit, a report released by consulting firm McKinsey revealed.
Lloyds Banking Group provides £450m to TSB to transform technology platform
Lloyds Banking Group has provided TSB an additional capital of £450m to enable the bank to transform its technology platform, in case of its takeover following the IPO.
Los Angeles files lawsuit against JPMorgan for discriminatory lending practices
The city of Los Angeles has filed a federal lawsuit against the US bank JPMorgan Chase, accusing the lender of engaging in biased mortgage lending practices that started a foreclosure wave, knocking down the property values among minority borrowers.
Commercial Bank of Dubai unveils virtual assistant for improved online experience
Commercial Bank of Dubai has rolled out its new virtual assistant implementation powered by Creative Virtual’s V-Person technology to offer improved online experience to its customers.
BRICS emerging countries near to float $100bn bank
Five BRICS nations – Brazil, Russia, India, China and South Africa – are set to float a $100bn bank, which will begin lending by 2016 to developing nations to meet the growing demand for project financing.
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Russia’s Alfa Bank leverages wearable technology to help customers save money
Russia-based Alfa Bank is leveraging the fitness-based wearable technology to help customers save money while getting in shape.
Suncorp to complete overhaul of core-banking platform by mid 2016
Suncorp Group will complete the overhaul of its core technology systems by mid-2016 to trim operational costs and enable the bank to quickly develop and launch modern banking products and services.
Citigroup may divest or spin off OneMain by 2014 end: CEO
Global financial giant Citigroup has reportedly said that it will offload or probably spin off its consumer lending arm OneMain Financial, as a publicly traded company by the end of 2014 or early next year.
IDBI Bank to open 600 branches, install 700 ATMs
The Industrial Development Bank of India (IDBI) is reportedly planning to open up to 600 branches during the financial year 2014-15 to expand its footprint in the country.
JPMorgan Chase partners CFSI to form financial solutions lab
JPMorgan Chase & Co has partnered with the Center for Financial Services Innovation (CFSI) to set up the Financial Solutions Lab, which intends to catalyze, test and scale promising innovations to help people increase savings, improve credit,, and build assets.