Bloomberg Tesco Bank, the lending arm of the UK’s biggest grocer, said it suspended online transactions after about 20,000 customers had money fraudulently taken from their accounts. About 40,000 of the bank’s 136,000 checking account holders experienced suspicious transactions over the weekend, Tesco Bank Chief Executive Officer Benny Higgins told BBC Radio 4’s Today program. About half of those ...

  Sydney / AFP Australian banking giant Westpac posted a seven percent slide in annual net profit on Monday on the back of market headwinds and impairment charges but said it was well positioned with a strong balance sheet. Westpac’s Aus$7.45 billion (US$5.72 billion) result in the year to September 30 rounded out annual reporting from three of the nation’s ...

  TOKYO / AP Japanese telecommunications and internet company SoftBank Group Corp., which has acquired British chipmaker ARM Holdings for about $30 billion, reported on Monday that its July-September profit more than doubled from the same period the previous year. Tokyo-based Softbank’s fiscal second quarter profit totaled 528.6 billion yen ($5.1 billion), up from 258.6 billion yen last year, boosted ...