Tag Archives: Bank

Beware of bitcoin, India’s central bank warns investors

Published time: 8 Dec, 2017 14:52 As the world’s most valuable digital currency bitcoin continues its meteoric rise, financial regulators such as India’s central bank are issuing red alerts to remind investors of related risks. Read more “In the wake of a significant spurt in the valuation of many virtual currencies (VCs) and rapid growth in Initial Coin Offerings (ICOs), ...

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‘Too big to fail’ bank rules targeted, as Senate panel rolls back Dodd–Frank Act

Banks and credit unions may soon be relieved of regulations added after the 2007-2008 financial crisis, as the Senate Banking Committee repealed provisions of the Dodd–Frank Act. The senate panel approved bill S.2155 in a 16-7 vote Tuesday, to raise the threshold at which bank holding companies are considered “too big to fail,” removing the financial stress test and capital-planning ...

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Brazilian bank robbers tunnel through sewers in daring heist

Published time: 5 Dec, 2017 14:14 Bank robbers in the Brazilian city of Americana used a sewage network to tunnel into a bank and carry out a daring robbery. Banco do Brasil’s security company went to inspect the branch when it noticed the security cameras had stopped working. When staff arrived at the scene they discovered a massive hole in ...

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Russia’s biggest bank conducts its first blockchain payment transaction

Published time: 30 Nov, 2017 14:53 Sberbank has become the first Russian bank to carry out a payment transaction using the blockchain technology, which allows transfers within a few seconds. Read more The transaction was conducted on the IBM Blockchain platform based on HyperLedger Fabric. According to Sberbank, its own IT infrastructure was used during the procedure. MegaFon, MegaLabs, Alfa-Bank, ...

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Bitcoin’s value soars, but still too small to affect global economy says Bank of England

Published time: 29 Nov, 2017 14:10 Edited time: 29 Nov, 2017 14:15 Not long ago it was mocked and shunned as the currency of drug dealers, yet digital currency bitcoin is now worth more than $ 10,000. The Bank of England, however, says it is still too small to affect the global economy. Bank of England (BoE) Deputy Governor Jon ...

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Russia solves inflation headache plaguing the economy – central bank

Published time: 29 Nov, 2017 12:01 Inflation in Russia has fallen to 2.5 percent, reports the central bank. Consumer prices are growing at their slowest pace since the collapse of the Soviet Union. “We have reached the target; inflation is somewhere near the bottom,” a spokesman for the Central Bank of Russia Andrey Lipin said. Last week, the Ministry of ...

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Brussels ‘can go whistle’… all the way to the bank! Britain set to cave on EU divorce bill

Published time: 29 Nov, 2017 09:13 Brexiteers said they would never pay it, that Brussels was demanding too much and that Britain could walk away with no deal. Until now. Foreign Secretary Boris Johnson said Brussels could “go whistle” and that Britain would dictate what it paid. He laughed off the idea of Michel Barnier and his negotiating team in ...

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Young 'money mules' handing their bank accounts over to criminals and terrorists

Published time: 27 Nov, 2017 08:59 The number of young people helping criminals and terrorists to launder money has soared to record levels, according to the UK’s fraud prevention service. Being a ‘money mule’ may effectively equate to being a fraudster, experts have said. According to Cifas, the number of people aged 21 and under providing their bank details to ...

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China busts underground bank funneling billions out of country

Published time: 23 Nov, 2017 14:02 Chinese authorities have exposed a clandestine banking scheme used by more than 10,000 people to transfer over $ 3 billion overseas. Beijing has recently boosted efforts to curb capital outflows and fight corruption. According to state news agency Xinhua, Chinese police have detained seven people in the southern province of Guangdong in connection with ...

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West bank of Euphrates & east part of Syria to be freed from ISIS soon – Russian MoD

Published time: 23 Nov, 2017 05:44 Edited time: 23 Nov, 2017 05:46 A major ground offensive to defeat Islamic State in Eastern Syria is nearing its end, the Russian Defense Ministry has said. Supported by the Russian Air Force, Syrian troops are making steadfast advances along the west bank of the Euphrates river. DETAILS TO FOLLOW  Let’s block ads! (Why?) ...

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