Bloomberg New rules that were supposed to protect depositors may end up making them vulnerable to fraudsters. Changing the account data of about a million clients at banks including Barclays Plc and HSBC Holdings Plc is a golden opportunity for hackers, the UK’s Financial Conduct Authority has warned banks. The FCA has briefed lenders about its concerns, as British banks ...

Bloomberg Polish wages grew at the fastest pace in more than five years, casting fresh doubt over the central bank’s ability to keep a lid on inflation. The readout showed a 7.4 percent wage increase in October from a year earlier, exposing a steeper acceleration than forecast by 23 of the 24 economists surveyed by Bloomberg. Wage growth was distorted ...

Bloomberg It’s only a matter of time before central banks adopt blockchain to settle high-value, interbank fund transfers, according to the head of Ripple, whose technology has won support from former Fed Chairman Ben S. Bernanke. As the technology, which is based on encrypted distributed ledgers, catches on, central banks around the world will be afraid to miss out, Ripple ...