Wednesday , 17 December 2025

Recent Posts

UniCredit China employee embezzled $15mn of clients’ money over 3 years

Bloomberg A UniCredit SpA employee in China allegedly siphoned off about 100 million yuan ($15 million) of clients’ money over three years by taking advantage of shared passwords and other internal security loopholes, according to people familiar with the matter. Local police and the China Banking and Insurance Regulatory Commission were informed late last year, and the regulator will levy …

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Barclays, RBS among banks tapping blockchain tech

Bloomberg Some of the world’s largest lenders, law firms and real estate companies are turning to the technology behind Bitcoin to streamline the process of buying and selling property. Barclays Plc, Royal Bank of Scotland Group Plc and Clifford Chance LLP were among 40 firms to test new platform developed by Instant Property Network, a company backed by blockchain software …

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Pity for Draghi mounts in despair at Europe’s growth inertia

Bloomberg Economists gathered at an epicenter of Europe’s slowdown said there’s increasing urgency for political action to foster growth and shift the burden from the region’s monetary officials. At a meeting by Lake Como in Northern Italy, there was an outpouring of sympathy for European Central Bank President Mario Draghi and the onus his institution has faced to deliver incessant …

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