All articles by Verdict Staff
Verdict Staff
News Digest
Integration weighs on Intesas 2007 results… Raiffeisens significant CEE retail banking boost… UKs FSA admits to big Northern Rock failings..
News Digest
Sumitomo Mitsui looks to become Japans largest credit card issuer… NBoG nets a 70% rise in 2007 annual profit…
News Digest
Visa outlines plans for record $17 billion IPO… FSA card comparison site to launch this year…
News digest
Banks face growing P2P lending threat… Santander reports strong retail results BBVA records 30% rise in annual profit
News digest
Fourth quarter figures from US banks show scale of subprime woes… ICBC reports strong rise in online banking…
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News digest
StrategySocGen sets up latest consumer finance unit in high-growth TurkeyFrench bank Socit Gnrale (SocGen) is to set up a consumer finance business in Turkey the latest in a string of foreign financial groups to set up operations in the country
News Digest
The agreement takes Chinese state-owned overseas financial services investment this year to almost $20 billion, following deals involving Citic, Barclays, South Africas Standard Bank and Blackstone Group.In a statement, Fortis welcomed the investment and invited Ping An president Louis Cheung Chi Yan to join the board.In line with our strategy to selectively grow in Asia, we are delighted to invite Louis to the board of Fortis, said Fortis chairman Maurice Lippens
News digest
Stricken UK mortgage bank Northern Rock, which is now believed to have borrowed up to £25.3 billion ($51.8 billion) from the Bank of England since being offered emergency funds on 14 September, has revealed there has been no interest in a bid for the whole firm.
News briefs
Wal-Marts Mexican subsidiary, Wal-Mart de Mxico, the largest retail chain in the country, plans to accelerate the growth of its new retail bank by opening as many as 80 branches in 2008
News digest
Australias third-largest banking group, ANZ, which is the most enthusiastic of Australias Big Four banks in expanding overseas, has reiterated its ambition to become a major financial services player in Asia and is targeting expansion in several countries.