bank

Fake Shops Propped by Chinese Scammers Stole Money, Personal Data from Over 850,000 People: Data Analysts

Fake Shops Propped by Chinese Scammers Stole Money, Personal Data from Over 850,000 People: Data Analysts

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.

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Goldman Sachs Removes Bonus Cap for UK Bankers

Goldman Sachs Removes Bonus Cap for UK Bankers

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

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Australia's Macquarie Bank Terminating Cash Transactions in All Branches as It Shifts to Fully Digital Banking Services

Australia's Macquarie Bank Terminating Cash Transactions in All Branches as It Shifts to Fully Digital Banking Services

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.

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Chase Bank’s New Media Venture Allows Advertisers to Target Clients Based on Their Buying Habits

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

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Swiss Banking Giant UBS Launches New Share Buyback Program of up to $2 Billion

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

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South Korea Announces $313 Billion Funding for Projects to Fight Climate Change

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.

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Federal Reserve and European Central Bank Aim for Major Interest Rate Cuts in 2024, Says BIS Chief

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.

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Singapore: Company Founded by Teen Hit With Penalty for Receiving Scam Funds

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

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UBS Starts Slashing Asia Private Banking Positions as Earnings Fall: Report

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

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Thailand’s Biggest Bank Closes A $860 Million Deal With Home Credit Vietnam

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.

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Singapore's Biggest Bank DBS Cuts CEO’s Variable Pay by 30% Due to Multiple Digital Service Disruptions

Singapore's Biggest Bank DBS Cuts Ceo’s Variable Pay by 30% Due to Multiple Digital Service Disruptions

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.

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HSBC

HSBC Hit With $73 Million Fine by UK Watchdog for Deposit Protection Failings

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

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People's Bank of China

China Is Lowering Reserve Requirements for Banks to Bolster Slowing Economy

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

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Metro Bank Shareholders to Make Crucial Vote on Rescue Deal in Bid to Secure Bank's Future

Metro Bank Shareholders to Make Crucial Vote on Rescue Deal in Bid to Secure Bank's Future

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

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Impact Measurement Tool Introduced By UK Impact Investment Bank

UK Impact Investment Bank Launches Impact Measurement Tool

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