Tag Archives: Bank

Only Down Under: Koala caught fishing on Aussie river bank (VIDEO)

A koala has been caught patiently waiting for a bite while fishing on the banks of the Murray River in Victoria, Australia. The Koala surprised a family, who were taking a break from fishing in the small town of Strathmerton to have a picnic, when it picked up a rod and held it over the water. [embedded content] READ MORE: ...

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Russian bank helps Venezuela defy US sanctions on cryptocurrency

The world’s first state-backed digital currency ‘el petro’ launched by Venezuela this year to circumvent US sanctions is reportedly getting help from a Russian bank. According to Associated Press, Russia’s Evrofinance Mosnarbank has become the first international financial institution so far willing to back the petro after US authorities warned potential investors over related risks. Investors who registered with Venezuela’s ...

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Australia’s biggest bank ‘lost’ data of up to 20mn customers & did not inform them

The Commonwealth Bank of Australia has confirmed that it lost the personal financial histories of millions of its clients years ago but never informed them about it. It admitted to the incident only after media broke the story. Australia’s largest bank lost the banking statements of as many as 12 million of its customers during a period between 2004 and ...

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US bank offers free identity protection… while admitting potential data breach of 1.5mn clients

While announcing details of free identity protection for clients, a US bank revealed that data belonging to up to 1.5 million customers may have been exposed and passed on to a criminal third party. The revelation by SunTrust Bank was included in a press statement entitled ‘SunTrust to offer free identity protection.’ The bank made the admission in the second ...

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Oops! I did it again… Another Deutsche Bank ‘fat finger’ mistake sends $35 billion out the door

Germany’s biggest bank said an “operational error” led to the accidental collateral payment of €28 billion ($ 35 billion) to an exchange it does business with. The incident occurred in late March, sources told CNN Money. It’s not clear how much money Deutsche Bank intended to pay, but the transferred sum is $ 5 billion more than Deutsche Bank’s entire ...

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Australia’s biggest bank charged fees to dead clients

Commonwealth Bank of Australia (CBA), which is the nation’s largest lender, has collected fees from customers who it knew had died, a major inquiry has heard. The inquiry was ordered by Prime Minister Malcolm Turnbull last year following a series of scandals involving financial misconduct. CBA told the Banking Royal Commission, which is the country’s top form of public hearing, ...

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Russia won’t be cut off from international bank transfer services

Financial messaging system SWIFT will not ban Russia despite sanctions and is staying politically neutral, according to its CEO, Gottfried Leibbrandt, as quoted by Russian media. Leibbrandt is in Moscow, and has again stressed that SWIFT remains politically unbiased, according to reports by RBC, Vedomosti and other Russian business media. Read more The potential exclusion of Russia from SWIFT worried ...

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Strategic Russian firm dumps SWIFT in favor of domestic bank transfer alternative

Russian state tech giant Rostec will use Russia’s analogue of SWIFT interbank cash transfer services, the company said in a press release. Read more The tech firm will connect to the Russian system for transfer of financial messages (SPFS) to make its payments safer. “The digital infrastructure will help to exchange data in encrypted mode, which reduces the risk of ...

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‘Ironically, US sanctions are helping the Russian budget’ – ex-Central Bank official to RT

The latest round of US penalties targeting Russian businesses paradoxically helps the country’s budget instead of harming it, said Konstantin Korischenko, former deputy chairman of the Central Bank of Russia (CBR). Talking to RT, he pointed to the rebounding Russian currency which weakened initially after the announcement of penalties. “This trend for strengthening will continue, mainly because Russia currently has ...

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