Feb 8, 2017

Russian police arrest 9 hacking suspects

Russia’s interior ministry says it has arrested nine members of a major hacking group suspected of stealing millions of dollars from Russian bank accounts. Police spokeswoman Irina Volk said in a statement on Wednesday that the nine people were arrested last month in Moscow, ...

Feb 8, 2017

India to remove cash withdrawal limits

Limits on cash withdrawals will be removed entirely from March 13, India’s central bank said Wednesday, as it left interest rates on hold for the second time since a ban on high-value rupee notes. The Reserve Bank of India capped cash withdrawals after Prime ...

Sep 26, 2016

China probes North Korea bank suspected of nuclear link: report

China is investigating executives of a North Korean bank believed to finance the illicit procurement of arms and materials related to the isolated country’s banned nuclear program, South Korea’s JoongAng Daily reported on Monday. China and the United States have agreed to step up ...

Volcker says U.S. bank oversight ineffective, seeks overhaul

Apr 20, 2015

Volcker says U.S. bank oversight ineffective, seeks overhaul

Former Federal Reserve Chairman Paul Volcker is calling for a reshaping of the U.S. financial oversight regime, which he says is splintered and ineffective. A public policy group led by Volcker issued a report Monday on the regulation of banks and Wall Street. It ...

Mar 1, 2015

Bank groups might get OK to start new businesses via subsidiaries

The Financial Services Agency is considering deregulation that could make it easier for banking groups to start new financial services through subsidiaries, sources said. By relaxing the rules governing financial holding companies, the FSA aims to encourage them to enter new finance-related businesses by ...

Dec 19, 2014

U.S. weighs response to Sony hacking attack blamed on North Korea

The United States was considering possible options on Thursday in response to a major cyberattack on Sony Pictures blamed on North Korea, amid calls for tougher sanctions on Pyongyang to cut it off from the global banking system. U.S. experts say options for the ...