Thursday , 1 January 2026

Recent Posts

In global banking, apps and security don’t mix

  The greatest bank robberies happen from the inside, Manchurian-Candidate style, where a sleeper agent infiltrates an organization and collects intelligence until it’s time to strike. Such was the case in the Bangladesh bank heist. Back in February, Bangladesh’s central bank revealed that it had fallen victim to an $81 million theft. (Actually, the Philippine Daily Inquirer broke the news …

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ECB holds rates steady but warns of Brexit ‘uncertainties’

  FRANKFURT/ AFP The European Central Bank kept its interest rates at record lows on Thursday and held fire on more economic stimulus, but warned of “uncertainties” ahead for the eurozone over the Brexit vote. Describing the ECB’s current ultra-loose monetary policy as “effective”, bank chief Mario Draghi said policymakers stood ready to take future action if needed to push …

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‘Serious’ blow to London banks if UK quits single market: EU

  FRANKFURT/ AP The EU will not allow Britain to cling to advantages for its financial industry while blocking free movement of labour in the wake of Brexit, commissioner Valdis Dombrovskis warned on Thursday. “We cannot tolerate cherry-picking,” the Brussels financial services chief told German business daily Handelsblatt. “It’s up to the British government. If it decides not only to …

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