All articles by Verdict Staff
Verdict Staff
Bank Rakyat to introduce floating ATMs in remote Indonesian islands
Bank Rakyat, an Indonesian lender, has come up with a novel method of offering banking services to its customers residing at faraway islands with the introduction of floating ATMs.
Bank of America to install video terminals in 500 branches by 2016
Bank of America (BofA) is gearing up to install video terminals in approximately 500 bank offices by 2016, in a bid to enable its customers to talk with small business bankers, mortgage specialists and financial advisors.
Kazahstani banks embrace WhatsApp for better communication
Kazakhstani banks are increasingly adopting new instant messaging service WhatsApp, as part of their strategy to facilitate and improve communication with customers.
Deutsche Bank to raise $11bn by selling new shares
Germany-based Deutsche Bank is reportedly planning to raise approximately 8bn ($11bn) in new capital by divesting nearly 360 million new shares, as part of its strategy to strengthen balance sheet and to expand investment and retail banking businesses.
Lloyds to launch IPO to divest 25% stake in TSB
Lloyds Banking Group is all set to launch an initial public offering next week to divest almost 25% stake in TSB bank, which was floated as a separate entity during the second half of 2013.
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Barclays weighs divestment of Spanish retail operations
Barclays is reportedly looking out for prospective buyers to divest its Spanish retail bank business, as part of its plan to refocus on profitable businesses elsewhere.
ANZ plans to shut seven more branches
Australia and New Zealand Banking Group (ANZ) has reportedly informed its customers about the planned closure of seven bank branches, taking the total closures to 19 in recent months.
The Polymer Pound: Getting Britain Ready for 2016
Following last year’s announcement by the Bank of England that it is to begin issuing polymer banknotes from 2016, it is important to consider how the UK’s transition can be managed effectively in order to minimise disruption to the cash cycle, argues Paul Adams
VTB Bank plans to increase retail loan portfolio by 15%
VTB Bank (Armenia), owned by Russia-based VTB Group, is planning to increase its retail lending by 15% to AMD115bn ($278.6m) by the end of 2014.
Citi adds new snapshot feature to mobile app
Citi has launched a new opt-in feature, Citi Mobile Snapshot, in its Citi Mobile app that allows US banking and credit card customers to check their account information without logging into bank account.