All articles by Verdict Staff
Verdict Staff
Reliant, Commerce Union Bank in talks for merger
Reliant Bank is in advance stage of negotiations with Commerce Union Bank in Springfield to merge their operations and create a bank with nearly $650m in assets.
BoE to hire ethical hackers to test cyber security at banks
The Bank of England (BoE) is reportedly considering hiring ethical hackers as part of its plan to determine the robustness of the computer security system at banks in the event of a cyber attack.
Poor services hinders digital banking growth: Study
Poor service quality in digital banking has proved to be a major roadblock in delivering consistent customer experience, a recent research by CEB TowerGroup has revealed.
Khaleeji Commercial Bank opens eighth branch in Bahrain
Khaleeji Commercial Bank (KHCB), a Bahrain-based Islamic retail bank, has launched its eighth branch in the country in Zinj area, to offer services and products to fulfill clients’ needs.
Nigerian central bank issues directive to install anti-skimming devices on ATMs
The Central Bank of Nigeria (CBN) has issued a directive for the banks operating in the country to install anti-skimming devices on Automated Teller Machines (ATMs) to minimise increasing instances of frauds.
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L&T Finance Holdings in discussions to buy stake in Yes Bank
L&T Finance Holdings is reportedly planning to acquire a stake in Indian private lender Yes Bank, in a move to become a banking entity, after RBI thwarted its banking license earlier.
Banc of California to acquire Popular Community Bank’s California network
Banc of California has reached an agreement to acquire the California branch network of Popular Community Bank, as part of its growth strategy and strengthen its presence in Los Angeles and Orange County markets.
Heritage Financial agrees to buy Alarion Financial Services
Heritage Financial Group has signed a definitive agreement to purchase all of the common stock of Alarion Financial Services, in a stock transaction estimated at nearly $22.1m.
Credit Agricole plans to offload 50% stake in Crelan
Credit Agricole, a French global lender, has reportedly reached an agreement to offload its 50% shareholding in Belgian banking group Crelan to Belgian cooperative banks.
US Bank upgrades 5,000 ATMs to Windows 7
US Bank has completed the migration of its approximately 5,000 automated teller machines (ATMs) to the Windows 7 operating system, becoming one of the first major banks to complete the conversion of its entire ATM fleet.