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Regulators in Boston, USA, have issued warnings about the risks involved in Bitcoin purchase, after a second ATM device was set up in the state on 17 March 2014, offering Bitcoins for sale in exchange...
The news around foreign exchange suggests a storm is brewing, as speculation and light-touch regulation converge. Spot foreign exchange trading will reportedly become more automated where, until recen...
I recall my parents explaining the secret model of Swiss bank accounts when I was a child in the mid-1980s. The purpose of the accounts, I was informed, was so that people who had stolen money could h...
In an excellent article in the Financial Times, John Gapper notes that “Banks banged together in a 20-year spree of mergers and leveraged risk-taking, while old skills were replaced by computers, hav...
Enormous amounts of customer data have been lost in thefts affecting both retailers and banks. A recent case of data loss at Barclays allegedly included psychological profiling of customers, adding a ...
Turning down money from a potential customer who fails a test, is expensive. Building profiles of all of your customers is costly in both cash and resources. In fact, until HSBC and Standard Charter...
Regulators say that banks have not done enough to work out who owes what to whom. A report by the senior supervisors group of the Financial Stability Board has said: “Five years after the financial cr...
Speaking to the Northern Ireland Affairs Committee on 8 January 2014, Sam Woods, director of UK regulator the Prudential Regulation Authority (PRA) condemned technology at UK banks as “antiquated”. He...
Research by law firm Allen & Overy indicates that 2013 was a record year for fines awarded by anti-trust regulators, totalling US$4.2 billion up 10.5% from 2012’s US$3.8 billion, across Australia,...
In December a spat between the German finance minister, Wolfgang Schaeuble, and Deutsche Bank co-chief executive, Juergen Fitschen, cast doubt upon the seriousness with which some banking executives c...
It must be hard trying to start out in the world of banking. There are all of these massive competitors, hoovering up business, and there is no way to match their scale. Without scale, you cannot pay ...
Cooperative and community banks enjoy a special place in the hearts of the people, often giving them special regulatory status too. However in an age that has debunked many of the theories of capitali...