All articles by Verdict Staff
Verdict Staff
HMRC raises £23.9 billion in additional tax last year
The UKs HM Revenue & Customs (HMRC) has disclosed that it raised £23.9 billion in additional tax revenue over the last year as a result of increased activity to make sure people pay the taxes they owe.
Regulations required to support Ghana’s growing mobile banking sector
In order to safeguard the interests of consumers, mobile banking industry must be adequately regulated in Ghana, said Cal Bank managing director Frank Adu Jnr.
RBI approval mandatory before acquiring stake in NBFCs
The Reserve Bank of India (RBI) has mandated to obtain its approval for any takeover or merger of non-banking financial companies (NBFCs), as the regulator aims to ensure proper management of such firms.
Commerzbank in final talks to divest $5bn of Spanish property loans
Commerzbank has reportedly reached final-stage discussions to offload a multi billion-euro portfolio of Spanish real-estate loans and assets to Lone Star Funds and JP Morgan Chase, that may fetch up to 3.9bn ($5.3bn) for the German lender.
TSB plans to attract retail investors with bonus shares offer
In order to attract investors ahead of the launch of initial public offering (IPO) of its banking subsidiary TSB on 27 May 2014, Lloyds Banking Group is reportedly planning to give free loyalty shares for retail investors.
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TruStone Financial Federal Credit Union deploys Symitar core system
Minnesota-based TruStone Financial Federal Credit Union has completed in-house installation of the Episys core system, to support its long-term strategic and growth initiatives, and create enterprise-wide operational efficiencies, while offering improved services to customers.
Dime Savings Bank unveils mobile banking app
The Dime Savings Bank of Williamsburgh, the wholly-owned subsidiary of Dime Community Bancshares, has rolled out its latest mobile banking app to enable users to pay bills, transfer funds, and check account status using their smartphone.
FNB Bancorp agrees to purchase Valley Community Bank
FNB Bancorp, parent company of First National Bank of Northern California, has reached an agreement to purchase Valley Community Bank, as part of its expansion plan in the region.
RBI postpones Aadhaar-based payment plan mechanism
The Reserve Bank of India (RBI) has postponed Aadhaar-based payment plan mechanism following objections raised by the banks and other financial intuitions, according to The Economic Times.
Mobile banking glitch hits RBS and Lloyds services
Customers of Royal Bank of Scotland (RBS) and Lloyds Banking Group were unable to access mobile banking services due to some glitch for around six hours on 23 May 2014.