All articles by Verdict Staff
Verdict Staff
Canadas Scotiabank, Bank of Beijing partner for banking services to Chinese immigrants
Scotiabank has partnered with Bank of Beijing to assist Chinese immigrants, international students and foreign workers to begin financial transition before moving to Canada.
TCF Bank to realign retail banking resources to drive business growth
US-based TCF Bank is set to realign its retail banking resources to drive growth initiatives, which includes integration of 37 branches located in Jewel-Osco stores in Chicago area and a branch in Minneapolis by the end of March 2014.
Lloyds Banking Group could compensate 100,000 customers for missold products
Approximately 100,000 customers could be compensated after Lloyds Banking Group was hit with a £28m ($45m) fine for pressuring its staff to sell products not required by customers.
Federal Bank launches new premium savings account in India
Federal Bank, an Indian commercial lender in the private sector, has launched a new premium savings account, Fedclassic Premium, which offers overdraft facility for high-end salary earners.
Barclays bails out of Boris bike scheme
The Barclays bank will end the sponsorship deal for Boris Johnsons flagship bicycle hire scheme in 2015.
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Spains Santander agrees to acquire 8% BoS equity stake from HSBC
Spain-based banking group Banco Santander has entered into a cooperation agreement to purchase 8% equity stake in Bank of Shanghai (BoS) from HSBC, allowing it to become the second-largest shareholder in BoS.
Tesco Bank plans to add 300 new jobs in Scotland
Tesco Bank is planning to add around 300 new jobs in Scotland, as part of its preparation for the launch of a new current account in 2014 and to become a full service bank.
DMCC, UAB sign MoU to facilitate companies opening a bank account
United Arab Bank (UAB) and the Dubai Multi Commodities Centre (DMCC) have signed a Memorandum of Understanding (MoU) to help new firms with the process of opening a bank account when establishing their facilities in the DMCC Free Zone.
Diebold deploys intelligent-powered ATMs for Bank of Baroda
Diebold, a US-based automated teller machines (ATMs) manufacturer, is deploying 2,100 Diebold 429 ATMs for Mumbai-based Bank of Baroda (BoB), which will allow BoB to extend its services towards Indias underbanked population.
IDEALINVENT, QSI partner to launch ConnectCore, DataMatrice in Philippines
India-based IDEALINVENT Technologies has partnered with QNX Solutions (QSI) of Philippines to launch IDEALINVENTs banking platform ConnectCore and data management platform DataMatrice in the Philippines market.