banking
Al Rajhi Bank board approves 60% increase in capital via bonus shares
Saudi Arabian lender, Al Rajhi Bank’s board has recommended a 60% increase in capital from $6.66bn (SAR25bn) to $10.66bn (SAR40bn). The capital…
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 efficiency.…
Santander to offload Puerto Rico business for $1.1bn
Spanish banking major Santander has signed an agreement to divest its retail and commercial banking operations in Puerto Rico to…
Sberbank partners Microsoft to explore use of AI and robotics in banking
Russian banking group Sberbank has partnered with technology major Microsoft Research (MSR) to explore the use of Microsoft AI solutions…
UOB, Grab partner to offer digital banking services in ASEAN countries
Singapore’s United Overseas Bank (UOB) has partnered with ride-hailing company Grab to strengthen its digital services for consumers in ASEAN…
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UAE Banks Federation develops new exam to enhance banking expertise
The UAE Banks Federation (UBF) has developed a new advanced online exam in order to enhance the proficiency of banking…
EBA proposes tougher outsourcing rules for banks
The European Banking Authority (EBA) has launched a public consultation to define new guidelines for banks which outsource key operations.…
Rural residents in UK less likely to use online banking, finds study
A new report by UK’s Financial Conduct Authority (FCA) has stated that rural people are less likely to use online…
UAE central bank amends limit on retail banking services
UAE Central Bank (CBUAE) has introduced new regulations in a bid to set new maximum limits or ‘fee caps’ charged…
Visa Canada, Finn AI team up to enhance banking chatbot capabilities
Visa Canada has entered into collaboration with Finn AI to utilise Visa Developer Platform for developing new capabilities in conversational…