All articles by Verdict Staff
Verdict Staff
A question of retention
Dan Jones spoke to Jussi Mekkonen, head of household at Nordea in Finland, about promoting customer loyalty through the ePiggy serviceNordea Finland has quietly launched ePiggy, a savings initiative similar in type to the likes of Bank of Americas Keep the Change, OCBCs SmartChange and other such programmes
Full steam ahead
Lyndsay Rajah, HSBC Vietnams head of personal financial services, tells Douglas Blakey of the banks plans to grow its branch network and expand its product range HSBC, the worlds largest retail bank, has launched full retail banking operations in Vietnam, less than five months after it became the first foreign bank within Vietnams fast-growing banking sector to begin operations as a fully incorporated local bank on 1 January.
News Digest
Hungarys OTP restates 2008 results after new goodwill write-downs… GE Money Bank makes gains in Czech Republic…
News Digest
Rabobank benefits from risk-conscious consumers; profits up 3%… ANZ rebrands, expands in Indonesia and China… Dutch auction sites go live…
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News Digest
GCdE and Banque Populaire form Frances third-largest retail bank… Handelsbanken fourth quarter profits up 39%….RESULTSAnnual profit falls 16% at Singapores OCBC
News Digest
BNP Paribas, SocGen scale back operations in Eastern Europe… Bad debts hit DBS profit… Obama unveils mortgage modification programme….
News Digest
Despite concerns, Barclays says 2008 profit is well ahead of market estimates….RESULTSThai banks report strong 2008 profits
News Digest
Big Deutsche loss stymies German consolidation… Singapores DBS to raise SGD4 billion… Ad campaign flags up PNCs National City deal…
Lloyds Group closes UK mortgage subsidiary
Lloyds Banking Group, the UKs largest retail bank with 3,450 branches and 25 million customers, is to close all 164 branches of its Gloucester branded Cheltenham & subsidiary The C&G brand is to be kept for mortgages and savings products, however, in much the same way that rival UK bank Barclays retained the Woolwich name for its mortgage business in 2008 Around 3,000 jobs have already been cut since Lloyds controversial acquisition of bankrupt UK rival Halifax Bank of Scotland (HBOS) last year