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Greece's Alpha Bank launches voluntary redundancy offer to slash headcount
Greece's Alpha Bank has opened a voluntary redundancy offer to reap cost savings by cutting down 15% of its workforce under a restructuring plan approved by the EU Commission.
China injects $81bn into banking sector to support economy
China's central bank is injecting CNY500bn or $81bn into the nation's top five lenders for a three-month period to bolster the country's flagging economy.
BofA loses $6bn in annual revenue by trimming consumer banking products
Bank of America has forgone nearly $6bn in annual revenue by phasing out risky consumer banking products and eliminating certain fees, a top executive told an investor conference in Boston.
ADIB further expands branch network in UAE
Abu Dhabi Islamic Bank (ADIB) has expanded its branch network across the UAE to 83, with the addition of three new branches.
Collinson Group snaps up WRT to branch out into FS
UK-based Collinson Group has increased its loyalty capability through the acquisition of Welcome Real-time, in a move that tightens up the process and combines Collinson's expertise with WRT's technology writes Patrick Brusnahan
French bank BPCE to launch Twitter-based payments service
French bank BPCE has said that will launch Twitter-based person-to-person (P2P) payments service next month.
BNP Paribas wraps up $1.39bn acquisition of Bank BGZ in Poland
French banking major BNP Paribas has completed the purchase of Poland's Bank BGZ from Rabobank for approximately $1.39bn.
ING introduces voice control mode in mobile banking app
ING has become the first bank in Europe to provide hands-free banking by introducing a voice control mode in its mobile banking app in the Netherlands.
Investec to sell Irish sub-prime mortgage business to Lone Star Funds
South African bank Investec has agreed to sell its Irish sub-prime mortgage business Start Mortgages to American private equity firm Lone Star Funds to simplify and reshape its banking business.
Qatar National Bank buys additional 11% stake in Ecobank
Qatar National Bank (QNB) has acquired additional 11% stake in Togo-based Ecobank Transnational with $283m fresh investment.
The rise and rise of BBVA
So BBVA is planning to invest $1.2bn in technology projects in South America over the next two years and grow digital and mobile adoption in its customer base. It has nothing to lose and only several million unbanked adoptees to gain, writes Anna Milne
Apple Pay debate: Game changer or nothing new?
The Editor and the Deputy Editor of Retail Banker International debate the pros and cons of Apple Pay and whether Apple will succeed where other mobile payment devices have failed
Monitise launches strategic partnership with Santander
UK-based mobile money company Monitise has established a strategic partnership with global bank Santander to develop and deploy a series of mobile banking platforms to consumers, writes Patrick Brusnahan
HDFC Bank plans to expand business in rural India
India-based HDFC Bank, is eyeing on expanding its business to rural areas, with an intention to make its rural operation profitable by 2016.
Bank of Israel asks banks to boost capital buffers against mortgage lending
The Bank of Israel, the apex banking regulatory agency in the country, has asked banks to boost their capital buffers to protect themselves from negative impact of growing mortgages loans and their associated risks.
Telenor launches retail banking operations in Serbia
Norwegian telecom firm Telenor Group's first wholly-owned financial institution Telenor banka has launched its operations in Serbia to offer customers an array of mobile banking services.
Japan's J Trust to acquire Indonesia's Bank Mutiara
Japan-based financial services company, J Trust Group, is all set to acquire PT Bank Mutiara in Indonesia, as part of its objective to exploit the growing demand for retail finance in the country.
Virgin Money looks to float and roll out stronger current accounts
Newcastle head-quartered Virgin Money has announced strong first half results, indicating an imminent IPO, writes Anna Milne
RBS Citizens's technology and services banking group to go national
RBS Citizens, the commercial banking arm of Citizens Financial Group, has said that it will launch its technology and services banking group nationally. The service was established five years ago with initial focus on the Greater Boston area.
Rabobank receives license to commence operation s in Turkey
The Turkish banking regulatory authority has granted Netherlands' Rabobank a license to operate in the country.
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