Search Results for: Banks
Financial sector breaches skyrocket in 2016
April 29th, 2017
More than 200 million financial services records were breached in 2016, representing a 937% percent increase over the previous year, according to data from IBM. The monetary gains associated with corporate and customer data available throughout the financial sector ...
UBS released first quarter 2017 results
April 28th, 2017
The Swiss global financial services company UBS AG has issued today a press release to announce its its results for the first-quarter 2017. According to the announcement, UBS published the below results: Adjusted1 profit before tax CHF 1.9bn, up ...
VC investments in financial services startup shifts in Europe
April 28th, 2017
Venture capital investments in financial services startups are showing a geographical split, with funding for so-called “fintech” companies in the United States cooling but soaring in Europe, according to a new report out Wednesday. Years of hype that led ...
Canadian Bank introduces robot workers
April 27th, 2017
The next time you walk into an ATB branch, you could be greeted by a four-feet tall dancing humanoid robot named Pepper. The companion robot, created by Softbank Robotics America, is the first of its kind capable of recognizing human emotion, ...
The Housing Bubble Is Back
April 27th, 2017
Last week I ran into a friend whom I’d been worrying about. He’s a real estate appraiser and his work had been drying up as interest rates rose and homeowners stopped refinancing their mortgages. But now he’s back to ...
AIB Bank fined millions euro for breach anti-money laundering compliance rules
April 27th, 2017
The Central Bank of Ireland (the ‘Central Bank’) fined Allied Irish Banks, p.l.c. (‘AIB’) €2,275,000 and reprimanded it for six breaches of the Criminal Justice (Money Laundering & Terrorist Financing) Act, 2010 (the ‘CJA 2010’). All six breaches have ...
Deutsche Bank: 4,000 jobs at risk of being moved out of UK after Brexit
April 27th, 2017
Bank says 2,000 front office people could be moved, with another 2,000 posts to be reviewed depending on new regulations Bank says 2,000 front office people could be moved, with another 2,000 posts to be reviewed depending on new ...
Otkritie Capital International reports Global Prime FX volumes up 96% over last 12 months
April 27th, 2017
Otkritie Capital International, the brokerage and investment banking company, today announces at TradeTech Europe that its FX Prime business within the Otkritie Global Prime franchise is picking up pace since its full scale rollout 12 months ago. The FX ...
European Central Bank: Conditions support loan growth
April 26th, 2017
The European Central Bank (ECB) has issued a press release to make publish the results of the April 2017 euro area bank lending survey. Increasing demand and eased lending conditions have been supporting loan growth The ECB’s APP has ...
Bank of Russia revoked the licence of a Bank
April 25th, 2017
The Central Bank of the Russian Federation (Bank of Russia) has issued an announcement to inform on revocation of banking licence of credit institution Finars Bank and appointment of provisional administration. By its Order No. OD-1057, dated 21 April 2017, the ...
