VENTURE CAPITAL POST

Data analysts from the German cybersecurity consultancy SRLabs said that a large network of fake online designer shops apparently operated from China have stolen money and personal data from over 850,000 people in Europe and the United States.

After the UK removed local pay restrictions for bankers last year, Goldman Sachs was the first to remove its bonus cap for its bankers.

Australia's Macquarie Bank will eliminate the use of cash at its branches later this month as part of its transition to a fully digital offering.

Chase launched a new media business to target its 80 million American bank customers based on their spending.

Swiss banking giant UBS revealed a new share buyback program of up to $2 billion on Tuesday.

South Korea has committed to providing 420 trillion won ($313.4 billion) in policy loans to finance projects that will help the country meet its climate goals.

Federal Reserve and European Central Bank are set for major interest rate cuts, with BIS Chief Carstens noting progress in addressing inflation while cautioning central bankers to remain vigilant.

A firm established by an 18-year-old was fined $50,000 for receiving $1.5 million fraud money in a bank account.

UBS reportedly began cutting off Asia private banking personnel as the largest wealth manager in the region struggled with declining revenues.

SCB X's acquisition of Home Credit's business in Vietnam for US$860 million will help its regional presence in a tech-savvy population.

DBS, the largest bank in Singapore, reported record earnings for the year 2023 but cut the variable pay of its CEO and other top executives.

The Bank of England fined HSBC £57.4 million ($72.8 million) for "serious failings" in customer money protection.

China will reduce its banks' liquidity reserves at the start of next month to boost its struggling economy.

Metro Bank shareholders are facing a pivotal decision as they vote on a rescue deal crucial to the bank's future.

UK Impact Investment Bank Launches Impact Measurement Tool