All articles by Verdict Staff
Verdict Staff
Bank of England to introduce polymer banknotes
The Bank of England (BoE) is planning to switch to polymer banknotes, starting with a new Sir Winston Churchill £5 note in 2016.
UK government realized value for money by divesting Lloyds’ shares: NAO
The British government is said to have made a profit on the privatization of the bailed-out institution Lloyds Banking Group, in a deal valued at nearly $5.2bn, according to National Audit Office (NAO).
London holds 25% of mortgage debt in Great Britain: CML
More than a quarter of £891bn mortgage debt in the UK has been secured on properties in London, according to figures released by the Council of Mortgage Lenders (CML).
Citibank to shut down remaining offices in Philadelphia
American multinational financial services corporation Citigroup has decided to close down seven retail bank branches in Philadelphia and its Bala Cynwyd, Cherry Hill, New Jersey and Wilmington, Delaware locations.
One third of Irish banking customers use mobile phone to access current accounts: Report
Almost one third (29%) of Irish banking customers are using their mobile phones to access their current accounts, against 10% in the previous year, reveals an Accenture Ireland digital banking survey.
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LSB, Spinutech join forces to launch new online banking platform
Lincoln Savings Bank (LSB), an Iowa-based employee-owned lender, has joined forces with Cedar Falls-based web design firm Spinutech to launch a new online banking platform, www.MyLSB.com.
KBC Bank, Irish Life partner to roll out life insurance products in Ireland
KBC Bank Ireland has partnered with an Ireland-based life insurance firm, Irish Life, to roll out a suite of life insurance products in the country.
ANZ, ASB and Westpac face legal action by Commerce Commission for interest rate swaps
The Commerce Commission, a New Zealand-based competition enforcement and regulatory agency, is to take legal action against three New Zealand banks for selling interest rate swap contracts to rural customers.
European Central Bank to launch new 10 banknote
European Central Bank (ECB) is set to introduce a new 10 banknote on 13 January 2014.
UK bank Aldermore to offer products under Help to Buy scheme
UK-based financial services firm Aldermore has joined the governments Help to Buy scheme and plans to make the mortgage guarantee available on remortgages and new home purchases.