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Bank News

Mexico's central bank chief resigns as peso plunges

Mexico - Mexico's central bank chief Agustin Carstens resigned Thursday, officials said, as the peso continued a decline that has accelerated since Donald Trump's victory in last month's US presidential election.

Brazil central bank cuts interest rate again

Bras - Brazil's central bank cut its key interest rate Wednesday for the second month running, as data showed that the recession hitting Latin America's largest economy continued into the third quarter.

National Bank of Canada to slash 600 jobs in shift to digital

The National Bank of Canada has decided to cut 600 jobs and take a $175 million restructuring charge. This comes amid slow economic growth and a changing environment for Canadian banks.

Hostage taker at Moscow bank turns himself in

Moscow - A man who took four people hostage at a bank in central Moscow late Wednesday has surrendered to police, local authorities said.

Swiss central bank bracing for Brexit 'turbulence'

Geneva - The head of Switzerland's central bank warned Thursday that the Swiss economy could face turbulence if Britain opts to exit the EU in next week's referendum, vowing to "take measures if required".

Out of order: India bank says third of ATMs don't work

Mumbai - A third of India's cash machines don't work, the central bank said, posing a challenge for the government as it strives to provide banking services to millions of poor citizens living in rural areas.

SWIFT reports new hacker attack against bank

Washington - Hackers have attacked a bank by gaining access to the world's largest financial messaging system, used to move billions of dollars a day, in a second raid months after a multi-million dollar heist at the Bangladesh central bank, US media reported Thurs...

ECB chief Draghi hints interest rates could be cut still further

Frankfurt - European Central Bank chief Mario Draghi hinted Thursday that eurozone interest rates, already at new all-time lows, would fall even lower in the future if area-wide inflation does not pick up soon.

Six officials of China's ICBC bank held in Spain over 'money laundering'

Madrid - Six officials of Chinese megabank ICBC have been placed in detention by Spanish authorities on suspicion of laundering tens of millions of euros, judicial sources said on Saturday.

Russia issues banknote celebrating Crimea annexation

Moscow - Russia's Central Bank on Wednesday issued a banknote depicting famous landmarks of Crimea, commemorating last year's annexation of the peninsula that was slammed by the West and led to sanctions against Moscow.

Yellen: Rate hike marks 'end of an extraordinary 7-year period'

Washington - Federal Reserve Chair Janet Yellen said Wednesday the Fed's first rate increase since 2006 marks the "end of an extraordinary seven-year period" of easy-money policy begun in the Great Recession.

Fed raises interest rate for first time in nearly a decade

Washington - The Federal Reserve announced Wednesday its first interest rate increase in more than nine years in a landmark move signaling the US has finally moved beyond the 2008 crisis.

Markets gird ahead of Fed's expected rate increase

Washington - Global markets surged and the US dollar edged higher early Wednesday ahead of what is expected to be the Federal Reserve's first interest rate increase since 2006.

Vatican told to deliver 'real results' on scandal-hit bank

Vatican City - A European body that combats money laundering and terrorist financing on Tuesday told the Vatican to start prosecuting people found to have used its scandal-hit bank and asset management body for criminal ends.

Argentine central bank chief resigns

Buenos Aires - The head of Argentina's central bank resigned Wednesday, four years before the end of his term, under strong pressure from president-elect Mauricio Macri.

ECB set to boost stimulus measures

Frankfurt - The European Central Bank is widely expected to step up efforts to kick start chronically low inflation in the euro area at a meeting Thursday, but analysts warn the measures could fall short of market expectations.

ECB to keep gunpowder dry in Malta, despite deflation fears

Valletta - The European Central Bank looks set to keep its key rates steady and refrain from any additional stimulus measures at a meeting in Malta on Thursday, despite concern about chronically weak inflation, analysts said.

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.
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Bank Image

Branch of the National State Bank (BancoEstado) in Putaendo  Chile.
Branch of the National State Bank (BancoEstado) in Putaendo, Chile.
AconcaguaNews
A Barclays bank in Birmingham  UK
A Barclays bank in Birmingham, UK
ell brown
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 branch of Banco Provincia.
A branch of Banco Provincia.
Barcex
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.
Federal Reserve Bank in New York City
Federal Reserve Bank in New York City
Dmadeo
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.
Eurobank
Eurobank
wikimedia commons
A man passes the Bank of England in London
A man passes the Bank of England in London
Luke MacGregor / Reuters
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.
Untitled
screen capture from news video
A bank in Baghdad - protected by US troops.
A bank in Baghdad - protected by US troops.
Timmy
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.
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
National Bank of Canada
National Bank of Canada
By Raysonho @ Open Grid Scheduler / Grid Engine (Own work) [CC0], via Wikimedia Commons
Bank of Greece
Bank of Greece
Bank of Greece
Bank of Greece

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