Weekly Global News Wrap: HSBC and RBS gears up digital banking platforms; Former bankers from Deutsche, Nomura fined $162m

And Deutsche Bank AG top officials worry that its new senior hire may not be up to the task.

From Reuters:

British banking heavyweights HSBC and RBS are launching new digital banking platforms.

HSBC rolled out a new app-based business banking service - previously known internally as Project Iceberg, and now named HSBC Kinetic - in beta testing mode on Monday, whilst RBS is putting the finishing touches to its new digital bank Bo ahead of a public roll-out later this month.

Read more from here.

From Reuters:

An Italian court has convicted 13 former bankers from Deutsche Bank, Nomura and Monte dei Paschi di Siena over derivative deals that prosecutors say helped the Tuscan bank hide losses in one of the country’s biggest financial scandals.

The verdict, read in court on Friday by lead judge Lorella Trovato, also ordered fines and asset seizures worth a total of $62m from Deutsche Bank AG and $100.1m from Nomura Holdings.

Read more from here.

From Bloomberg:

Some of Deutsche Bank AG’s top financial supervisors have doubts that CEO Christian Sewing’s latest pick for the management board is qualified for the job.

Several watchdogs are worried that Michael Ilgner, hired as head of human resources from a small non-profit, doesn’t have experience leading large organizations or the banking background needed to join the top executive body, said people familiar with the matter who asked not to be identified.

Read more from here.