Search Results for: Banks
The Central Bank of Russia revocated the licence of a Bank
August 22nd, 2016
The Bank of Russia has issued an announcement to inform that it has revoked the banking license of a credit institution and for the appointment of provisional administration. According the announcement, by its Order No. OD-2718, dated 22 August 2016, the ...
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 ...
EuroFX: How British Firms Built a Pyramid Scheme in China That Lost Millions
August 19th, 2016
The foreign exchange fraudsters hid in the cracks between international jurisdictions. As David Byrne ate breakfast at the Tongli Lakeview Hotel outside Shanghai one Sunday in April, an angry customer was waiting for him. Byrne, 52, is a British ...
Dollar edges up, but on track for weekly loss
August 19th, 2016
The dollar wallowed close to eight-week lows against the euro on Friday, and was poised for weekly losses against its major counterparts, after minutes of the U.S. Federal Reserve’s July meeting revealed central bank policymakers were in no hurry ...
UBS’ blockchain chief is leaving
August 18th, 2016
The man leading UBS’ exploration of blockchain and cryptocurrency technologies is leaving the bank, according to an internal memo seen by Business Insider. Alex Batlin is leaving “to pursue an opportunity outside of UBS” the memo written by UBS’ ...
Rabobank staff paid settlements for manipulating Euribor interest rates
August 18th, 2016
Four Rabobank staff and one former colleague have paid settlements of up to €3,000 for their role in manipulating internal interest rates. Three of the four workers held senior positions at the bank, the Financieele Dagblad reported. It is ...
Sweden heads to cashless society
August 18th, 2016
Sweden is becoming a cashless society due to high consumer awareness of e-payments and card usage levels, a new report reveals. Swedish consumers use cards with a frequency of 134.3 transactions per card per year – higher than the ...
Dollar Weakens on Fed Outlook as Emerging-Market Shares Advance
August 18th, 2016
Yen breaks 100 after Fed minutes as jobs data boosts Aussie Mongolia’s tugrik stabilizes after interest rate hiked to 15% Emerging-market shares rallied with European stock index futures and the dollar fell versus all of its major peers after minutes ...
Multi-platform software wallet Jaxx now stores Dash, the seventh most valued cryptocurrency in the world
August 17th, 2016
Multi-platform software wallet Jaxx now stores Dash, the seventh most valued cryptocurrency in the world with a market cap of about $80 million. Jaxx is available across nine platforms and devices including Android and iOS Mobile, Android and iOS Tablet, Firefox and Chrome Extensions, ...
KPMG Special Administrator of Alpari UK reports compensation payment of 51.3 million
August 17th, 2016
KPMG, the Special Administrator of Alpari (UK) Limited has issued an update report to inform regarding the progress for the period 19 January 2016 to 18 July 2016. Below are highlights of the report as it was published. Executive ...
