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Lloyds suffers cyber-attack on bank’s UK systems

  Bloomberg Lloyds Banking Group Plc was hit by a cyber attack that disrupted online services for customers two weeks ago, a person with knowledge of the matter said, amid mounting concern over the threat hackers pose to major banks. Britain’s largest mortgage lender was targeted by a denial-of-service attack, which aims to cripple an online system by flooding it ...

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Kenyan banks face new salvo with state-loan proposals

  Bloomberg A new row is brewing between Kenyan banks and parliament after a lawmaker proposed placing restrictions on deposits by state-owned companies, months after the state imposed a cap on lending rates. Kimani Ichungw’a, vice chairman of the Public Investments Committee, drafted a bill seeking to bar state-owned corporations from investing or depositing public funds with lenders in which ...

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Lira trades sideways ahead of critical central bank meet

  Reuters Turkey’s lira was little changed on Tuesday, with investors holding back from taking big bets ahead of a central bank meeting later in the day seen as a critical test of its monetary policy credibility. The lira has fallen some 8 percent so far this year, making it one of the worst performing major emerging market currencies. Investors ...

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