All articles by Verdict Staff
Verdict Staff
UK governments Help to Buy scheme to generate £1bn in home loans
The UK government-initiated Help to Buy home loan scheme has triggered mortgage applications from over 6,000 homebuyers in its first three months since launch, which if approved would amass £1bn in loans, according to the UK Prime Minister David Cameron.
MCB, Visa partner to introduce new mobile wallet
The Muslim Commercial Bank (MCB) has partnered with Visa to introduce a new socially connected mobile wallet that allows users to make payments for online purchases, pay bills, and buy top-ups at no extra fee.
Wells Fargo to pay Fannie Mae $541m to settle defective home loan case
Wells Fargo has agreed to pay $541m to the Federal National Mortgage Association (Fannie Mae) to settle claims of offering defective home loans that were originated before 1 January 2009.
NPBS to replace Gold Light bank account with Gold Start
Norwich & Peterborough Building Society (NPBS), a UK-based financial services provider, is set to replace its Gold Light bank account with Gold Start.
DBS Banks automated online account service launched in Singapore
Development Bank of Singapore (DBS) has launched a fully automated online account opening service that will allow users to open a corporate account within 15 minutes as against industry average of one to two hours.
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UK plans to sell remaining 33% stake in Lloyds Bank
The British Government is reportedly planning to sell its remaining 33% stake in Lloyds Banking Group in the next 12 months for around £18.4bn.
Bank Saint Petersburg plans to buy 100% stake in Bank Evropeisky
Russia-based Bank Saint Petersburg is planning to buy 100% stake in Bank Evropeisky of Kaliningrad, Russia.
Ajman Bank, Meydan Sobha Group sign deal to provide home finance in UAE
UAE-based Ajman Bank has signed an agreement with Meydan Sobha Group to provide home loans to villa buyers in Mohammed Bin Rashid City-District One.
Thirty percent banks fall under online fraud, security threats: BIBM study
Around 30% of banks carry high risks of online fraud and security threats, according to a study by the Bangladesh Institute of Bank Management (BIBM).
Urban Partnership Bank unveils new virtual banking platform
Urban Partnership Bank, a US-based FDIC-insured, full-service, community development bank, has unveiled a new virtual banking platform, upbAnywhere, developed by Texas-based Q2.