Commonwealth Bank of Australia introduces new rewards programme
The Commonwealth Bank of Australia (CBA) has introduced a new rewards programme that offers personalised cashback offers to customers when they shop using their debit card…
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Philippines central bank mulling to allow banks to form Islamic banking arm
The Bangko Sentral ng Pilipinas (BSP), the central bank of Philippines, is reportedly planning to grant domestic banks permission…
Abu Dhabi Commercial Bank to retreat from Kuwait and Qatar
UAE-based Abu Dhabi Commercial Bank (ADCB) has decided to bid adieu to Qatar and Kuwait and instead focus on…
Bank of America introduces upgraded version of mobile banking app
Bank of America has released the upgraded version of its mobile banking app featuring its AI-powered virtual financial assistant…
AXA to sell banking business in Belgium for €620m
French insurance giant AXA has agreed to divest its Belgian banking business to Crelan Bank in a cash and…
HSBC to trim headcount in Turkey, Middle East, North Africa
British banking major HSBC is planning to lay off hundreds of employees across its Turkey, the Middle East and…
UK digital bank Revolut goes live in Singapore
British neo-bank Revolut has launched its digital banking services in Singapore after completing a successful beta phase. The London-based…
Handelsbanken to axe 800 jobs; withdraw from Asia and Germany
Swedish bank Handelsbanken is planning to make 800 redundancies in a bid to boost balance sheet and improve operational…
Societe Generale to offload Nordics leasing business
French banking major Societe Generale is set to divest its leasing business, called SG Finans, in the Nordic region.…