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Banking News

Bankers says AI will be your newest coworker

A new report looking at trends in banking has found that 84 percent of respondents stated they are increasingly using data for automated decision-making. However, a sizable number recognize that this expansion comes with risks.

How blockchain is transforming banking

Blockchain is transforming a number of sectors, and this includes financial intuitions like banks. What major banks need to weigh is the extent to which they embrace blockchain and the threats that the technology poses to the industry.

New savings account aimed at millennials

The company Wealthsimple has launched a new savings account. This is the product from the company outside of its core business of investing. The account is aimed at the tech savvy consumer.

Deutsche Bank stock surges as new boss takes reins

Frankfurt Am Main - Investors welcomed the arrival of a new CEO at the head of troubled German lender Deutsche Bank Monday, lifting its stock price sharply as the market opened.Shares in Deutsche Bank added 3.0 percent to trade at 11.70 euros ($14.

Most financial institutions report digital will change banking

Four out of five financial institutions believe that digital will fundamentally change banking yet around half state they do not have digital strategy, according to a new report.

HSBC leaker Falciani detained in Spain at demand of Switzerland

Madrid - Spanish police on Wednesday detained Herve Falciani, a former computer analyst at the Swiss branch of HSBC who leaked documents alleging the bank helped clients evade millions of dollars in taxes, a police source said.

HSBC leaker Herve Falciani detained in Spain: police

Madrid - Spanish police on Wednesday detained Herve Falciani, a former computer analyst at the Swiss branch of HSBC who leaked documents alleging the bank helped clients evade millions of dollars in taxes, a police source said.

French gangster cleared over 'heist of the century'

Marseille - An organised crime boss in southern France was cleared on Wednesday of having a role in the "heist of the century" at a Riviera bank after being accused of writing about the robbery in a book.

Women face uphill wage battle in British finance sector

London - There had never been much doubt that in London's testosterone-fuelled financial sector female workers' salaries lagged far behind those of their mostly male colleagues.

Goldman Sachs banker to join German finance ministry

Berlin - A top Goldman Sachs executive is set to join Chancellor Angela Merkel's new government as a deputy finance minister, a spokesman said, an appointment that drew immediate scorn from the opposition.

Interview: Mobile technology to make banking easier Special

Many people struggle with their savings or with their finances overall. To make it easier to save, mobile banking technology offers solutions. One example is with Mobile banking startup Varo Money, Inc., who have introduced SMS alerts to encourage saving.

EU watchdog calls for reopening ethics case against Goldman's Barroso

Apo - An EU watchdog called Thursday for reopening the ethics case against former European Commission chief Jose Manuel Barroso who was previously cleared of breaking bloc rules by taking a top job with Goldman Sachs.

Bank of France urges end to euro reform 'trench warfare'

Frankfurt Am Main - Eurozone leaders must end "trench warfare" between creditor and debtor countries and tackle tricky reforms, the governor of the Bank of France said Wednesday, offering ways to shake up long-paralysed debates.

ING drops big pay hike plan for CEO after protests

Den Haag - Dutch top bank ING said Tuesday it has dropped a plan to massively hike its chief executive's pay package after protests from shareholders, the public and even the prime minister.

Latvian parliament urges embattled central bank boss to resign

Riga - Latvia's parliament on Thursday urged longtime central bank chief Ilmars Rimsevics to step down after anti-corruption authorities accused him of bribe-taking.

Millennials are seeking non-traditional banking

A wake-up message for banks: if you want to remain competitive you need to embrace digital multi-channels and appeal to tech-savvy millennials.

Banking in the balance: Digital strategies to protect banks

How do banks continue to expand digitally and at the same time protect themselves from fraud and make banking easier for customers? A new report from IBM explores this pressing question.

New York banking regulator seeks Kushner Cos. loan details

New York - New York state has asked three banks to supply information about their relationships with the real estate business of Jared Kushner, a senior White House advisor and President Donald Trump's son-in-law, a source said Wednesday.

Network of fintech accelerator hubs established

London - British bank NatWest has embarked on a program to establish four fintech accelerators based in the U.K. The bank will provide resources with the aim of adopting some of the new technology.

Latvian central bank boss denies bribery allegations

Warsaw - Latvia's central bank governor Ilmars Rimsevics, who is suspected of bribe-taking by anti-corruption authorities, claimed he was innocent in an interview with the Financial Times published Friday.

Banking regulators reluctant to act on 'hyped' fintech

Global banking regulators have indicated they're not rushing to introduce new fintech rules. A report from the Basel Committee on Banking Supervision has addressed the "hype" in fintech, comparing it to previous disruption in the financial industry.

Goldman's Barroso accused of breaking no EU lobbying vow

Brussels - Activists on Tuesday accused former European Commission president Jose Manuel Barroso of breaking his pledge not to lobby the EU on behalf of his employer Goldman Sachs.

Latvia bars central bank boss from work amid bribery allegations

Riga - Latvian anti-corruption authorities on Tuesday barred central bank governor Ilmars Rimsevics from carrying out his duties after he refused to resign over allegations that he accepted a 100,000-euro bribe.

Latvian finance hit by alleged bribe-taking, money laundering

Riga - Latvia's financial sector was left reeling Monday after anti-corruption officials arrested its central bank chief over an alleged bribe and the country's third-largest bank's payments were frozen amid accusations of money laundering.

Where the top 10 U.S. banks are investing in fintech

A new market analysis report maps out how the top ten U.S. banks are investing in fintech. This is across categories like blockchain, insurance and lending.

Former Vatican bank chiefs must pay compensation for losses

Vatican City - Two former senior managers of the Vatican's bank must pay the institution compensation for losses under their stewardship, a civil court in the Holy See ruled Tuesday.

Spain smashes ring impersonating Vatican bank

Madrid - Spanish police said Friday they had smashed a ring that allegedly operated a fake branch of the Vatican Bank and swindled people around the world.

Interview: Optimized customer journeys for banking Special

The retail industry continues to innovate by developing optimized customer journeys for online stores. Is there a similar competitive situation facing major banks? Vizolution’s CEO Bill Safran thinks so.

JPMorgan makes push into payments technology

JPMorgan appears to be making a big push into payments technology. A new markets report signals that digital banking becomes a strategic priority for the "bulge bracket banks."

BankMobile, aiming to make banking affordable: Interview Special

BankMobile is the largest technology-enabled bank in the U.S. in terms of number of consumer checking accounts, and its popularity is growing. To find out why this is we spoke with Luvleen Sidhu, Co-Founder of BankMobile.
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Members of the organization have called on their supporters to boycott HSBC and see it as a test of ...
Members of the organization have called on their supporters to boycott HSBC and see it as a test of their faith.
YouTube
GIANT: Credit Suisse headquarters at Paradeplatz in Zurich  Switzerland.
GIANT: Credit Suisse headquarters at Paradeplatz in Zurich, Switzerland.
Roland zh / Wikimedia Commons
The Euro sign outside the European Central Bank in Frankfurt  Germany
The Euro sign outside the European Central Bank in Frankfurt, Germany
A Barclays bank in Birmingham  UK
A Barclays bank in Birmingham, UK
ell brown
Bank of America ATM
Bank of America
Brian Katt
Five models and three different generations of security token devices for online banking. The newer ...
Five models and three different generations of security token devices for online banking. The newer models are in the foreground.
M0tty
The Credit Lyonnais (now LCL) bank headquarters in Paris France
The Credit Lyonnais (now LCL) bank headquarters in Paris France
Wikicommons
London s financial district  taken from a helicopter trip.
London's financial district, taken from a helicopter trip.
UBS logo
UBS logo
Fabrice Coffrini