Search Results for: Commonwealth Bank
London banks are reportedly stockpiling Bitcoin to pay off potential ransom demands of cyber criminals
October 26th, 2016
THE threat of debilitating attacks launched by hackers has become so concerning that financial institutions in London are reportedly stockpiling Bitcoin to pay off potential ransom demands of cyber criminals. On Friday in the US, a number of major ...
CBA warns for possible account fraud when sharing banking passwords with fintech start-ups
August 22nd, 2016
Commonwealth Bank of Australia has sent alarming emails to thousands of its customers who are engaging with fintech start-ups, warning that sharing internet banking passwords could invalidate the protection CBA provides from losses on accounts relating to fraud. But Acorns, which is competing with the banks’ retail wealth divisions, says CBA’s communication is ...
Former banker sentenced to two years imprisonment for insider trading
June 28th, 2016
Former banker, 30-year-old Oliver Curtis was today sentenced to two years imprisonment after being found guilty by a Supreme Court jury earlier this month of conspiring to commit insider trading with his former best friend, John Hartman. The Court ...
Nikkei extends losses with banks, commodities stocks under pressure
February 10th, 2016
Monkeys threw a wrench into Asian markets in the Lunar New Year’s first week of trading, with sharp sell-offs in Japan, Singapore, and Down Under on Wednesday. In Australia, the S&P/ASX 200 lost 56.37 points, or 1.17 percent, to close at ...
Asia markets retrace losses; banks remain under pressure
February 8th, 2016
Markets in Australia and Japan rang in the year of the monkey on a slightly higher note, erasing early losses Monday. Most major Asian markets remained closed for the Lunar New Year holidays. Down Under, the ASX 200 erased losses of ...
Commonwealth report calls for clearer legislation for virtual currencies
February 5th, 2016
Virtual currencies offer countries a cost-effective, fast and accessible alternative to settling financial payments, but unclear laws and regulations are preventing their responsible development and encouraging their exploitation by criminals, says a new Commonwealth report. Virtual currencies, which allow ...
Citi, HSBC Partner With R3CEV As Blockchain Project Adds 13 Banks
September 30th, 2015
Distributed ledger startup R3CEV has added 13 new banking partners, bringing the total number of banks involved in its activities to 22. In a release, R3 revealed Bank of America, BNY Mellon, Citi, Commerzbank, Deutsche Bank, HSBC, Mitsubishi UFJ ...
Five Australian banks face class actions on fees
August 12th, 2014
Australian legal firm Maurice Blackburn said on Tuesday it had filed open class actions against five banks over late credit card fees worth hundreds of millions of dollars. The legal proceedings could become one of Australia’s biggest ever class ...
The dollar found support on Thursday. These are the top performers
May 27th, 2021
The dollar found support on Thursday from emerging views the Federal Reserve is slowly but surely edging towards a discussion about tightening monetary policy, and as traders await crucial U.S. inflation data this week. In a market heavily short ...
British pound rose against the dollar
December 15th, 2020
The dollar traded near 2 1/2-year lows against major peers on Tuesday as demand for the safest assets flagged amid progress toward agreeing U.S. fiscal stimulus and optimism for a Brexit deal. The greenback was near its weakest since ...
