All articles by Verdict Staff
Verdict Staff
Equity Bank, PayPal partner to offer new services in Kenya
Kenyan lender Equity Bank has partnered with PayPal to offer a new service for merchants, allowing them to sell products to the latters global consumer base and move the proceeds to their accounts with the bank.
Macquarie to expand into home mortgage business in Australia
Macquarie Group, an Australia-based investment bank, is seeking to expand rapidly into residential mortgage business in the country, in a bid to offer borrowers a competitive alternative.
RBI to issue new rules governing operation of foreign banks in India
The Reserve Bank of India (RBI) will soon issue new rules for the entry of foreign banks, under which they will be compelled to set up local branches and lend more in the countrys underbanked rural areas.
Union Bank of Nigeria to divest interest in non-banking subsidiaries
Union Bank of Nigeria is set to divest its interests in non-banking and portfolio companies within the next 18 months, to comply with the Central Bank of Nigerias (CBN) Regulation 3.
TD Canada Trust unveils new Android tablet app for banking
TD Canada Trust, a business unit of Toronto-Dominion Bank, has unveiled a new Android tablet app that allows its customers to easily handle personal banking and direct investing needs.
Subscribe to our Newsletter
Get industry leading news, data and analysis delivered to your inbox
BofA to cut up to 4,000 mortgage jobs
Bank of America (BofA) is to cut around 4,000 jobs in its mortgage division by the end of 2013 to realign its cost structure amid lower customer demand for mortgage refinancing.
European Central Bank outlines risks from late migration to SEPA
The European Central Bank (ECB) has outlined risks that would emerge due to last-minute changeover and slow adoption to the Single Euro Payments Area (SEPA).
RBS to select Morgan Stanley as lead underwriter for Citizens IPO:Reports
Royal Bank of Scotland (RBS) is likely to select Morgan Stanley as the lead underwriter for the proposed initial public offering (IPO) of its US subsidiary, Citizens Financial Group, according to reports.
Swedish bank Handelsbanken Q3 profit increases 14% to $567.6m
Svenska Handelsbanken has reported 14% increase in profit to SEK3.61bn ($567.6m) or SEK5.61 ($0.88) per share during the third quarter ended 30 September 2013, compared to SEK3.16bn ($496.8m) or SEK4.94 ($0.77) per share in the same period in 2012.
Iberiabank deploys commercial online banking systems from OBS
Iberiabank is deploying the new commercial online banking systems developed by Online Banking Solutions (OBS), which will allow it to serve its existing clients and offer cash management tools to new clients.