All articles by Verdict Staff
Verdict Staff
Spains Banco Sabadell plans to purchase JGB Bank in Miami
Spain-based Banco Sabadell has signed an agreement to purchase JGB Bank in Miami, which will be integrated with its subsidiary, Sabadell United Bank, in the city.
BMO eliminates up to 1,000 jobs in fourth quarter: Reports
Bank of Montreal (BMO) has, reportedly, cut approximately 1,000 jobs during the fourth quarter of this year, in an effort to reduce its overall operational costs, boost efficiency and bring the bank on profitable track.
European Commission to fine banks over Libor rate-rigging scandal
The European Commission (EC) is set to impose multi-million euro fines on six banks including Citigroup, Deutsche Bank and Royal Bank of Scotland (RBS) for rigging key interest rate benchmarks.
One fourth of Brits ready to switch to new bank over technology failure: Fujitsu survey
Around 25% of Brits are ready to move to new bank if experienced with technology glitches, according to a survey by Fujitsu.
The five fatal mistakes of mobile payments
More than $9bn has been invested in FinTech companies since 2008. There are hundreds of mobile payments companies out there trying to grab a slice of this market with varying levels of success. David Pipe, Global Chief Marketing Officer at MPayMe, discusses the common mistakes around mobile payments
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Crackdown on borrowing in Cyprus takes country from one extreme to the other
An EU committee is pushing Cyprus’ co-operative credit institutions to undergo extensive restructuring and banks to impose stricter requirements for lending.
1.8bn of Irish government bailout to be repaid by Bank of Ireland
Bank of Ireland will raise 580m ($785m) on equity on 4 December to repay 1.8bn ($2.4bn) of its state-backed bailout package.
Around £11.4bn to be withdrawn from UK ATMs in December: Sainsburys Bank
Around £11.4bn cash will be withdrawn from ATMs in the UK in December 2013, which accounts to over £367m per day, according to an estimation by Britains Sainsburys Bank.
Banco Falabella selects ATMulator Plus for ATM configuration file development, testing
Banco Falabella, a Chile-based bank, has selected Paragon Application Systems’ ATMulator Plus to generate, modify and test new ATM configuration files.
Otkrytie Bank integrates loan application system with SAS Real-Time Decision Manager
Russia-based Otkrytie Bank has integrated its loan application system with SAS Real-Time Decision Manager, which will allow it to make better loan decisions and provide quick responses to loan applications.