All articles by Verdict Staff

Verdict Staff

Citibank Guam plans to cease certain retail banking services in 2014: Reports

Citibank Guam is, reportedly, planning to stop offering a range of banking services from 2014, as part of its expansion strategy to concentrate on credit card and consumer loans business.

Allied Irish Bank adopts start-up culture for technology innovation

Allied Irish Bank (AIB) has adopted a new approach to develop and market new products and services within a period of weeks.

HKAB recommends best practises on NFC mobile payment

The Hong Kong Association of Banks (HKAB) has issued a set of common standards and recommended best practises for banks offering mobile near field communication (NFC) payment services in the country.

UK’s senior bankers likely to undergo annual competency checks

Senior bankers in the UK are likely to undergo an annual competency check as per the new regulations to reform the British banking sector and safeguard it against future crises.

FNB to expand retail banking business to Ghana and Nigeria: Reports

First National Bank (FNB), a South Africa-based financial services firm and part of FirstRand Bank, is, reportedly, planning to expand its retail banking business to Ghana and Nigeria by the end of 2014 to drive growth.

Oriental Bank unveils new mobile cheque deposit service in Puerto Rico

Oriental Bank, a subsidiary of OFG Bancorp, has launched a new mobile cheque deposit service, FOTOdepósito, in Puerto Rico, to allow users to deposit cheques for free through their smartphones and tablet devices.

Nationwide is first UK bank to fully roll out Visa’s digital wallet V.me

Nationwide has become the first UK financial institution to roll out Visa’s digital wallet V.me for online shopping.

Clifford Chance will examine allegations that RBS pumped small businesses for assets

The law firm Clifford Chance has been appointed by Royal Bank of Scotland to examine allegations that the bank ran SMEs into the ground.

DBA approves new Internet fraud guidelines: Reports

The Dutch Banking Association (NVB) has, reportedly, given clearance to implement the new guidelines issued on banking related internet frauds.

Barclays launches Role Based Pay scheme to account for EU bonus cap rules

British lender Barclays has introduced Role Based pay scheme to pay its highest paid staff members with extra allowances, in addition to their salaries and bonuses, to account for the upcoming European Union’s (EU) bonus cap rules.