Europol disrupts cybercrime ring that infected millions of PCs

Feb 26, 2015

Europol disrupts cybercrime ring that infected millions of PCs

A cybercrime operation that stole banking information by hacking more than 3 million computers in Indonesia, India and other countries has been disrupted by European police with assistance from three technology companies, officials said on Wednesday. The European Cybercrime Centre at Europol, the European ...

China calls shots in currency war

Feb 20, 2015

China calls shots in currency war

As fears of a global currency war grow, all eyes in Asia are on whether China will devalue its currency to avert a sharper economic slowdown. The urgency with which Asian central banks are cutting interest rates is an indication of not just the ...

Feb 16, 2015

Britain's HSBC apologizes over past standards at Swiss bank

HSBC apologized to customers and investors on Sunday for past practices at its Swiss private bank after allegations that it helped hundreds of wealthy clients dodge taxes. Europe’s largest bank said in full-page advertisements in British newspapers that recent media coverage that focused on ...

Feb 15, 2015

Over 100 banks hit by sophisticated cyberattack: report

A sophisticated global cyberattack struck more than 100 banks in 30 countries stealing hundreds of millions of dollars, The New York Times reported Saturday. Citing a soon to be released report from computer security company Kaspersky Lab, the newspaper said the attack involved malicious ...

Visa to fight fraud with apps

Feb 14, 2015

Visa to fight fraud with apps

The days of calling your bank to tell them that yes, you really are in Thailand and yes, you really did use your credit card to buy $200 in sarongs may be coming to an end. The payment-processing company Visa will roll out a ...

Got a spare billion? Bankers keen to help

Jan 26, 2015

Got a spare billion? Bankers keen to help

The growing ranks of the super rich and their increased appetite for risk have caught the eye of investment bankers. Traditionally focused on companies and institutions, investment banks are hiring staff and reorganizing teams to cater to wealthy clans, from Chinese multimillionaires to old ...

Jan 22, 2015

Demand for corporate loans up for first time in a year

Demand for bank loans among companies rose for the first time in a year, a quarterly Bank of Japan survey revealed on Thursday. According to the January survey, the diffusion index on banks’ views about how domestic corporate loan demand changed over the past ...