The U.S. Secret Service this week issued an alert to banks warning banks about an ATM exploit known called “jackpotting.” Continue reading
New rules to hold bosses responsible for wrongdoing at British banks may be deterring some bankers from taking on senior management roles and even prompting big-hitters to play down their own importance, say industry experts.
A large number of devotees visit the unique ‘Om Namah Shivay’ bank in India’s northern temple town of Varanasi and “deposit” their prayers to Hindu god Shiva ahead of ‘Mahashivratri’ festival.
(BVO) – It was the right client but the wrong amount.
Known as a ‘fat finger’ episode, a junior trader at Deutsche Bank wired $6 billion to a US hedge fund, according to the UK’s FT newspaper.
John Cryan, former UBS Chief Financial Officer and on Deutsche Bank’s supervisory board, has been appointed the latter’s new Chief Executive Officer, as the bank tries to clean up its image.
Former trader Tom Hayes, on trial for allegedly conspiring to rig benchmark interest rates, has admitted to being motivated by greed and was fired by U.S. bank Citigroup in 2010, prosecutors tell a London court.
(BVO) – Growing competition for political influence in Asia, as the U.S. pivot to the region hits a hiccup.
A long list of countries ranging from Denmark to Australia signing up to join the China-led Asian Infrastructure Investment Bank – leaving the U.S. and key ally Japan out in the cold.
Banco Madrid, a subsidiary of Andorran lender Banca Privada d’Andorra (BPA), suspends activity following significant deposit withdrawals.
BARCELONA, Spain–(BUSINESS WIRE)–Visa Inc. (NYSE:V) and Bharti Airtel, a leading telecommunications services provider with operations in 20 countries across Asia and Africa, today announced a partnership to bring innovative mobile payment services to seven markets in Africa including Gabon, Ghana, Kenya, Madagascar, Rwanda, Seychelles and Tanzania.
(BVO) – Can it get any worse for HSBC? On this evidence probably not.
Europe’s biggest bank reporting a 17 percent drop in annual profit as a tax evasion scandal at its private banking business in Switzerland continues to deepen.