SINGAPORE: Banks are conducting a “thorough review” of their practices on the use of National Registration Identity Card (NRIC) numbers, the Association of Banks in Singapore (ABS) said on Thursday (Dec 19). It also assured consumer banking customers that NRIC numbers alone cannot be used to effect payment and fund transfers. “Banks apply multi-factor authentication … Read more
A surprising team-up is brewing between US Senator Bernie Sanders and President-elect Donald Trump on a long-standing issue that kept millions of Americans in debt for years while hampering their ability to save and grow money. During his campaign, Trump suggested temporarily imposing a 10% limit on credit card interest rates to allow people to … Read more
Only, some in the boat are baling and paddling more vigorously than others. As Bank of France Governor François Villeroy de Galhau told a radio interviewer recently, France is alone in not having made the reforms that many of its neighbors (“even the Italians!”) have made since the last crisis. And, while political will at … Read more
Markus Ferber (another German) who is the center-right coordinator for economic files, will determine Berger’s replacement within the next week. Among the names being floated to fill the role is a former Spanish central banker Fernando Navarrete Rojas. The digital euro is a virtual counterpart to euro coins and banknotes that the European Central Bank … Read more
A Goldman Sachs banker fired by the Wall Street giant while on paternity leave was unfairly dismissed from his job, an employment tribunal in London has ruled. It said Jon Reeves, an ex-Goldman vice-president for compliance who is suing for $5 million in damages, had been a victim of sexual discrimination after being laid off … Read more
The government is looking to pass 16 bills in the winter session of Parliament, which began on Monday, with a key focus on changes to banking, shipping, aviation and energy sectors. Here is a look at the key economic bills likely to be taken up: Banking and Aviation Oilfields (Regulation and Development) Amendment Bill, 2024 … Read more
Australia’s major banks have teamed up with Israeli digital fraud detection startup, BioCatch, to launch a new anti-scam pilot project aimed at reducing fraudulent banking payments. BioCatch Trust Australia, the world’s first inter-bank fraud and scams intelligence-sharing network based on behavior and device data, will be used to assess whether customers of the Commonwealth Bank … Read more
In the competitive and fast-paced world of law, junior lawyers in London face an intense work culture as they are asked to clock in 70-hour work weeks to justify their impressive salaries. Many trainees report feeling as though they “haven’t seen sunlight in months” due to the relentless schedules required by some top law firms. … Read more
A data breach instantly puts the security of people’s information at-risk as it could end up in the hands of the wrong people. Standard Bank confirmed recently that they had suffered a data breach of financial and personal information of some of their clients. According to a report by the Daily Investor on 7 November … Read more
Republican Donald Trump surged ahead of Democratic Presidential Candidate Kamala Harris in one of the most highly anticipated US elections in the country’s history. Trump’s reelection as the 47th US President has already triggered a bullish wave in the US stock markets, as benchmark indices like the S&P 500, Nasdaq, and Dow Jones Futures gained … Read more
