Barclays’ online and telephone banking services go down September 20, 2018 Barclays today became the latest major lender to experience a systems failure, with millions of customers unable to access online banking, telephone banking, as well as some branch services at the time of writing. Problems began this morning, the bank said, although it remained unclear when they first started. The affected services were unavailable for [...]
Barclays’ online and telephone banking services go down September 20, 2018 Barclays today became the latest major lender to experience a systems failure, with millions of customers unable to access online banking, telephone banking, as well as some branch services at the time of writing. Problems began this morning, the bank said, although it remained unclear when they first started. The affected services were unavailable for [...]
ING Ventures invests £6.7m in open banking platform Cobase September 19, 2018 ING Ventures has invested €7.5m (£6.7m) in open banking platform Cobase, which allows customers to manage several bank accounts through one portal. Cobase, which is an arms-length venture of ING Bank, allows users with multiple bank accounts to view balances and transactions in one place, make payments and use cash management services. Read more: Royal Bank of Scotland testing new [...]
ING Ventures invests £6.7m in open banking platform Cobase September 19, 2018 ING Ventures has invested €7.5m (£6.7m) in open banking platform Cobase, which allows customers to manage several bank accounts through one portal. Cobase, which is an arms-length venture of ING Bank, allows users with multiple bank accounts to view balances and transactions in one place, make payments and use cash management services. Read more: Royal Bank of Scotland testing new [...]
Danske Bank head quits after giant money laundering scandal September 19, 2018 The chief executive of Danske Bank today resigned after the publication of a damning report into the money laundering scandal which has rocked the lender. Thomas Borgen said that it has been "clear to me for some time" that he would have to resign, after lax controls on money laundering in the bank's Estonian [...]
Danske Bank head quits after giant money laundering scandal September 19, 2018 The chief executive of Danske Bank today resigned after the publication of a damning report into the money laundering scandal which has rocked the lender. Thomas Borgen said that it has been "clear to me for some time" that he would have to resign, after lax controls on money laundering in the bank's Estonian [...]
City regulators demand banks and insurers reveal plans to move away from Libor September 19, 2018 The City's top regulators today demanded banks and insurers tell them their plans for moving away from the Libor rate used in contracts worth trillions of pounds. Firms are currently contemplating how to transfer often complex contracts and systems referencing the rate onto new benchmarks before 2021, when the scandal-hit Libor may become defunct. The [...]
City regulators demand banks and insurers reveal plans to move away from Libor September 19, 2018 The City's top regulators today demanded banks and insurers tell them their plans for moving away from the Libor rate used in contracts worth trillions of pounds. Firms are currently contemplating how to transfer often complex contracts and systems referencing the rate onto new benchmarks before 2021, when the scandal-hit Libor may become defunct. The [...]
A summer to forget: KPMG reputation dealt another blow after admitting to compliance report misconduct September 19, 2018 Scandal-hit KPMG has admitted to misconduct over compliance reports made for a unit of the Bank of New York (BNY) Mellon Group in another fresh embarrassment for one of the Big Four accountancy firms. The UK’s accountancy watchdog said today that KPMG and one of its partners Richard Hinton accepted they had fallen short of standards [...]
A summer to forget: KPMG reputation dealt another blow after admitting to compliance report misconduct September 19, 2018 Scandal-hit KPMG has admitted to misconduct over compliance reports made for a unit of the Bank of New York (BNY) Mellon Group in another fresh embarrassment for one of the Big Four accountancy firms. The UK’s accountancy watchdog said today that KPMG and one of its partners Richard Hinton accepted they had fallen short of standards [...]