Bangladesh Bank heist used compromised SWIFT software

Apr 25, 2016

Bangladesh Bank heist used compromised SWIFT software

The attackers who stole $81 million from the Bangladesh central bank probably hacked into software from the SWIFT financial platform that is at the heart of the global financial system, said security researchers at British defense contractor BAE Systems. SWIFT, a cooperative owned by ...

Apr 12, 2016

Negative rates failed to boost bank lending in March

Loan growth slowed to the weakest pace in three years in March, signaling the central bank’s introduction of negative interest rates has yet to spur credit in the world’s third-largest economy. Loans, excluding trusts, rose 2 percent from a year earlier, slowing from 2.2 ...

MUFG's trust bank to boost assets administered overseas by 30%

Apr 6, 2016

MUFG's trust bank to boost assets administered overseas by 30%

Mitsubishi UFJ Financial Group Inc.’s trust banking arm plans to increase the assets it administers overseas for institutional investors by about 30 percent to $400 billion over the next two years to boost fee income, the unit’s new president said. The trust bank, which ...

Billions in U.S. remittances a lifeline for many in Mexico

Apr 6, 2016

Billions in U.S. remittances a lifeline for many in Mexico

The billions of dollars in U.S. remittances that Donald Trump is threatening to block to force Mexico to pay for a border wall are a financial lifeline for the Latin American country’s economy and millions of individuals who are supported by relatives up north. ...