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Goldman Sachs launches online bank aimed at masses

  New York / AFP Goldman Sachs has officially launched an online bank targetting households and small businesses as it expands from its Wall Street base and aims for the masses. The online-only GS Bank permits consumers to open an account for as little as $1, a big shift for a financial powerhouse that has built itself around serving billionaires and ...

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JGBs firm, superlong zone rallies after BOJ operations

  Tokyo / Reuters Japanese government bonds (JGBs) stayed firm on Tuesday, with prices of superlong JGBs rallying after strong results of the Bank of Japan’s (BOJ’s) buying operations. The central bank offered to buy 450 billion yen ($4.06 billion) of JGBs in the 5- to 10-year zone, 220 billion yen of JGBs in the 10- to 25-year zone and ...

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SWIFT network aware of multiple cyber fraud incidents

  Reuters SWIFT, the global financial network that banks use to transfer billions of dollars every day, warned its customers that it was aware of “a number of recent cyber incidents” where attackers had sent fraudulent messages over its system. The disclosure came as law enforcement authorities in Bangladesh and elsewhere investigated the February cyber theft of $81 million from ...

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