Bloomberg Mexico’s monetary authority asked about a dozen banks to take emergency measures to shore up the country’s electronic payment network after a suspected cyber attack disrupted some transfers last week. The lenders have been instructed to connect to the system via a backup method that’s seen as less vulnerable to outside intrusions, but has never before been so heavily ...

Bloomberg A rate used to price loans in Saudi Arabia climbed to the highest level since the financial crisis. But unlike 2016, it’s the race to stay ahead of Libor, and not a liquidity squeeze, that’s raising borrowing costs. The three-month Saudi interbank offered rate advanced on Tuesday to 2.38625 percent, two basis points above the London interbank offered rate ...

Bloomberg Australia’s beleaguered banks are facing up to a bleaker future. In another bad day for the industry, a scathing report released on Tuesday into the nation’s largest lender found a “widespread sense of complacency” from the top down blinded it to risks that led to a massive breach of anti-money laundering laws. And in a stark warning the good ...