All articles by Verdict Staff
Verdict Staff
DirectCash Payments to purchase DirectCash Bank
DirectCash Payments has agreed to purchase DirectCash Bank, a Canadian chartered bank, through the acquisition of all of the issued and outstanding shares of the bank’s sole shareholder, 6676405 Canada, in a transaction valued at approximately $15m.
Xoom releases upgraded version of mobile money transfer app
Digital money transfer provider Xoom has released an upgraded version of mobile money transfer app that enables its customers to send money from their mobile devices to friends and family members immediately.
RBS and NatWest to offer in-branch free WiFi
British banking major RBS and NatWest are planning to provide in-branch free WiFi access to their customers by the end of the summer of 2014, as part of ongoing investment in the bank’s branch network.
SunTrust launches innovation branch in Atlanta
SunTrust Banks has opened its new branch office located at the SunTrust Plaza Garden building in downtown Atlanta, as part of its plan to test new banking technologies before launching them at other locations.
Steward Bank unveils Diaspora banking products
Steward Bank has rolled out a suite of new Diaspora Banking products designed for Zimbabwe nationals residing, working or studying abroad.
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Citizens Financial files $100m IPO
Citizens Financial Group, owned by the UK-based Royal Bank of Scotland Group (RBS), has filed for an initial public offering (IPO) to raise around $100m, as part of its plan to boost balance sheet and offload non-core assets.
Florida court asks RBS to freeze use of loan software
Royal Bank of Scotland (RBS) has been asked by New York district judge Katherine Forrest to stop using trade finance software from Complex Systems within 60 days and completely within a year.
Valley National, 1st United Bancorp merge in $300m deal
Valley National Bancorp will strengthen its footprint in Florida through a merger deal signed with 1st United Bancorp, which is valued at approximately $300m.
HSBC agrees to divest Pakistani operations to Meezan Bank
HSBC Bank Middle East Limited (HBME) has reached an agreement to divest its Pakistani banking business to Meezan Bank, as part of its strategic plan to sell non-core assets, reduce operational costs and boost balance sheet.
BankDhofar rolls out mobile banking app in Arabic language
Oman-based BankDhofar has rolled out its mobile banking app in Arabic language, following the app’s success in enabling it to promote seamless banking services.