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Bank News

Hackers could go on a easy spending spree with contactless cards

The UK's Which? consumer research group has found that contactless payment cards can be easily hacked using homemade technology. The card details can be stolen and then used to pay for goods online without further verification.

Apple patent looks in your bank account to target advertising

Apple has filed a patent for technology that would hook directly into the contents of your bank account to make advertising even more targeted than it is today. It would mean Apple would only display adverts for products that you can afford.

New banking malware scam targets 20,000 in three days

A new form of banking malware discovered in the UK could have infected 20,000 customers in the past week. The malware is distributed in an email and can allow the attackers to remotely control the targeted user's system, stealing their bank details.

All eyes on ECB after Greek 'No' vote

Frankfurt - All eyes were on the European Central Bank on Monday following the resounding 'No' in the Greek referendum, with the ECB seen as the only institution capable of calming market panic and preventing the Greek economy from collapsing.

ECB to hold emergency meeting on Greek bank funding: sources

Frankfurt - The European Central Bank's decision-making governing council will hold an emergency session Friday to discuss a request from the Bank of Greece for an increase in liquidity to Greek banks, sources familiar with the matter told AFP.

Emojis could be the future of security and PIN codes

A software company has claimed that emoji could soon replace PIN codes as the primary security form for bank accounts. The smiling faces are viable because they are easier to remember than PIN codes and there are many more combinations available.

Zimbabwe's new exchange rate: $5 for 175 quadrillion local ones

Zimbabwe has announced it will be phasing out its own local currency in favour of the US dollar. The Zimbabwean dollar has been subject to hyperinflation of up to 500,000,000,000 percent so that locals will get $5 USD for 175 quadrillion local dollars.

Contactless payments to be accepted in 'every' EU store by 2020

Mastercard's head of emerging payment products has said that contactless payments with cards and phones will be accepted at every store in the UK and Europe before 2020, sparking a debate on whether this will actually be possible.

Nigeria anti-graft agency arrests over 20 bankers for fraud

Lagos - Nigeria's anti-corruption agency has arrested six senior officials from the country's central bank and 16 from commercial banks over alleged currency fraud, a spokesman told AFP on Monday.

Ukraine agents raid UniCredit in expanding terror probe

Kiev - Ukrainian security agents on Monday seized documents at the Kiev headquarters of Italy's UniCredit bank as part of a probe aimed at cutting off the suspected illicit financing of pro-Russian rebels in the separatist east.

Prosecutors probe claims France's Le Pen had secret Swiss account

Nterre - French prosecutors said Tuesday they would examine allegations that far-right patriarch Jean-Marie Le Pen hid money in a secret account in Switzerland.

France's Jean-Marie Le Pen hid 2.2 mn euros in Swiss account

Paris - Jean-Marie Le Pen, the elderly founder and former chief of France's far-right Front National, hid 2.2 million euros ($2.4 million) in a secret account in Switzerland, news website Mediapart reported Monday.

Review: Intocircuit Power Bank Pcastle 26,000

The Intocircuit Power Bank Pcastle 26,000 is a massive portable power bank that can charge pretty much anything including phones, tablets and even laptops. With USB and DC out in various voltages, the Pcastle is the power bank for the heaviest of users.

ECB to launch long-awaited QE gambit

Berlin - In what may be its best and last chance to stimulate growth and ward off deflation across the eurozone, the European Central Bank on Monday will launch its long-awaited 1.1 trillion euro ($1.2 trillion) quantitative easing programme.

'Like Christmas': Rush to cash in on soaring Swiss franc

Geneva - "It's like Christmas all over again!" enthused Vanessa, as she joined a swelling queue outside a currency exchange office in downtown Geneva Thursday.

Russian central bank announces measures to support financial system 

Moscow - The Russian central bank announced Wednesday a series of measures aimed at "stabilising the financial system" following the plunge in the value of the ruble this week.

Russia says ruble slide 'critical', to take further measures

Moscow - The rapid slide of the ruble is a "critical situation" and the Russian central bank will take additional measures soon, the bank's first deputy chairman Sergei Shvetsov said Tuesday."The situation is critical.

Putin demands central bank act to stop ruble 'speculation'

Moscow - Russian President Vladimir Putin urged the central bank and government on Thursday to take 'tough action' to stop speculation on the ruble after the currency hit new all-time lows this week.

Backlash against Australia gagging order

Sydney - An Australian court's gagging order banning the reporting of allegations against several foreign political leaders in a major bribery scandal was Thursday slammed as unacceptable by activists and media groups.

ECB fires off volley of anti-deflation shots

Frankfurt - The European Central Bank rolled out Thursday an unprecedented package of measures, including negative interest rates, in its fight to head off the spectre of deflation in the euro area.

ECB to hold fire on rates but could move soon

Brussels - The European Central Bank will keep its gunpowder dry at its monthly meeting Thursday, but could pave the way to act soon if deflationary dangers persist, analysts said.

Stephen Fry gets Freedom of the City of London then penetrates it Special

City Of London - When a business executive, heroic volunteer worker, pillar of the community or established entertainer receives the Keys to the City in Britain, it often means little more than a nice certificate and an award night ceremony.

Op-Ed: Will SWAT teams arrest bankers who owe $3 trillion for bailouts?

As the passions around the Cliven Bundy situation in Nevada swirl and kick into warp drive, the battle to define the real issues rages on.

China bank loans surge in March: central bank

Shanghai - China's bank lending surged in March from the previous month, the central bank said Tuesday, but analysts dismissed the possibility of monetary easing.Domestic banks granted 1.05 trillion yuan ($168.7 billion) in new loans last month, down 12.

ECB's Draghi: the strong euro could require policy action

Washington - European Central Bank chief Mario Draghi said Saturday that the bank may need to take action to stem the rising euro."The strengthening of the exchange rate would require monetary stimulus" as long as interest rates are already extremely low, he said.

ECB, BoE want more lenient rules on securitized loans

Frankfurt - The European Central Bank and the Bank of England on Friday called for easier rules regarding certain securities so as to get credit flowing again in the eurozone economy.

Eurozone's only female central banker takes office in Cyprus

Nicosia - Cypriot Chrystalla Georghadji became the eurozone's only woman central bank chief Thursday, facing the daunting task of guiding her country's banks out of a crisis that nearly sank the economy last year.

Steady stimulus taper 'likely': Fed minutes

Washington - Federal Reserve policy makers expect to continue the steady cutback to its stimulus program, the minutes to their March 18-19 meeting showed Wednesday.

U.S. warns eurozone over deflation risk

Washington - U.S. Treasury Secretary Jacob Lew warned the eurozone Wednesday to pay heed to the risk of deflation, adding pressure on European authorities and the European Central Bank to boost growth.

Bank of England set to hold record-low interest rates

London - The Bank of England is forecast Thursday to freeze interest rates at a record-low 0.50 percent, amid caution over the strength of Britain's economic recovery, analysts said.
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Bank Image

Untitled
screen capture from news video
Bank of Greece
Bank of Greece
Those running Bank of Montreal got a free security check from an unexpected source.
Those running Bank of Montreal got a free security check from an unexpected source.
Eastmain via Wikimedia
Bank of Greece
Bank of Greece
The Euro sign outside the European Central Bank in Frankfurt  Germany
The Euro sign outside the European Central Bank in Frankfurt, Germany
This bank in a Western town is closed. It is just one closed business in an almost empty downtown. T...
This bank in a Western town is closed. It is just one closed business in an almost empty downtown. The story is different in every community but the result is often the same --- a struggling community with many of the young people moving away to find work and the remaining older residents staying as they are unable to find buyers for their property.
A bank in Baghdad - protected by US troops.
A bank in Baghdad - protected by US troops.
Timmy
A branch of Banco Provincia.
A branch of Banco Provincia.
Barcex
Eurobank
Eurobank
wikimedia commons
Branch of the National State Bank (BancoEstado) in Putaendo  Chile.
Branch of the National State Bank (BancoEstado) in Putaendo, Chile.
AconcaguaNews
Book cover of Michael Likosky s  Obama s Bank - Financing a Durable New Deal  Cambridge University P...
Book cover of Michael Likosky's "Obama's Bank - Financing a Durable New Deal" Cambridge University Press (2010)
Inside of Caixa Bank in São Paulo where there s art gallery open to public on Sundays.
Inside of Caixa Bank in São Paulo where there's art gallery open to public on Sundays.
Visiting past: Indian currency in 1918. The photo shows the Indian currency of 1918 when India was r...
Visiting past: Indian currency in 1918. The photo shows the Indian currency of 1918 when India was ruled by the British. A host of past events were exhibited in Agartala - the capital of Tripura of India few months ago. The exhibition was arranged by the Reserve Bank of India.
The United Bank of India (UBI) is one of the leading banks  offering financial services to poor and ...
The United Bank of India (UBI) is one of the leading banks, offering financial services to poor and tribal people of Tripura, India.
A Barclays bank in Birmingham  UK
A Barclays bank in Birmingham, UK
ell brown
Federal Reserve Bank in New York City
Federal Reserve Bank in New York City
Dmadeo
The Chief Minister of Tripura  Mr Manik Sarkar (left) is attending a program along with the Reserve ...
The Chief Minister of Tripura, Mr Manik Sarkar (left) is attending a program along with the Reserve Bank of India (RBI), Dr D Subbarao (right). Tripura is a tiny State of India located in North Eastern part of the country.

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