Search Results for: ANZ bank
Australia’s ANZ bank suspends seven traders
November 19th, 2014
ANZ, one of Australia’s biggest banks, has suspended seven traders as part of an inquiry into the potential rigging of key interbank interest rates. The Australian Securities and Investment Commission (ASIC) has been investigating the country’s interbank market since ...
Former managing director of Deutsche Bank Securities Inc. charged for fraud
November 12th, 2018
The Commodity Futures Trading Commission (CFTC) announced today that it filed and settled charges against Jacob Bourne, a former managing director of Deutsche Bank Securities Inc., for fraudulently mismarking swap valuations to conceal significant trading losses. The CFTC Order ...
JPMorgan files blockchain interbank payment patent
May 8th, 2018
JPMorgan has filed a patent for the application of blockchain technology to speed up the process of cross-border payments. The patent application was initially filed in October, just after the bank announced plans to pilot the processing of cross-border ...
Australian banks to deliver enhanced cross-border payments experience to their customers
June 7th, 2017
SWIFT announces today that the 4 major Australian banks, Australia and New Zealand Banking Group, Commonwealth Bank, National Australia Bank and Westpac are part of over 70 banks around the globe which are now live or planning to implement ...
Deutsche Bank and other European companies to establish a pan-industry platform
May 9th, 2017
– “Master key” planned for online activities and public authorities – Initiative seeks to provide competitive, European response to international platform economy – German federal ministries welcome initiative Leading German and European companies have stated their intention to cooperate ...
ANZ, Westpac admit breaches in forex trading
March 16th, 2017
ANZ and Westpac have followed rivals and yielded to the corporate regulator’s investigation into banks’ foreign exchange businesses, agreeing to oversight and changes after traders shared confidential client information and traded to benefit themselves. A week after the banks’ ...
Bundesbank announced basic rate of interest unchanged at -0.88%
December 30th, 2016
Bundesbank announcement of the basic rate of interest as of 1 January 2017: basic rate of interest unchanged at -0.88% The Deutsche Bundesbank calculates the basic rate of interest pursuant to section 247 (1) of the German Civil Code ...
London banks are reportedly stockpiling Bitcoin to pay off potential ransom demands of cyber criminals
October 26th, 2016
THE threat of debilitating attacks launched by hackers has become so concerning that financial institutions in London are reportedly stockpiling Bitcoin to pay off potential ransom demands of cyber criminals. On Friday in the US, a number of major ...
China Rich Help Europe Banks Raise $14 Billion Since August
September 19th, 2016
Eight European finance companies opened books in Asia hours ‘Asian investors tend to be more yield hungry,’ JPMorgan says The appetite of China’s wealthy to diversify from a weakening yuan is helping European finance companies boost capital to prepare ...
CBA warns for possible account fraud when sharing banking passwords with fintech start-ups
August 22nd, 2016
Commonwealth Bank of Australia has sent alarming emails to thousands of its customers who are engaging with fintech start-ups, warning that sharing internet banking passwords could invalidate the protection CBA provides from losses on accounts relating to fraud. But Acorns, which is competing with the banks’ retail wealth divisions, says CBA’s communication is ...
