banking
Postal Savings Bank of China Makes Flat Market Debut
Charissa Echavez | | Sep 29, 2016 07:00 AM EDT |
Despite breaking the record of raising $7.4 billion in the world's largest initial public offering (IPO), Postal Savings Bank of China did not fare so well on its first trading day at the Hong Kong Stock Exchange on Wednesday.
China Temporarily Withdraws Banking Tech Policy, Following Trade Group Complaints
David Curry | | Apr 17, 2015 08:20 AM EDT |
Backpedalling is rare from the Chinese government, but given the severity of information needed in the new policy it will look into amending the policy.
Hackers Stole Millions From ATMs with Malware
Marc Maligalig | | Oct 10, 2014 04:02 PM EDT |
Researchers from Kaspersky Lab announced Tuesday that Backdoor.MSILTyupkin, a malicious program designed to work on Automatic Teller Machines that are running the 32-bit version of Windows, was used by hackers to steal millions of dollars.
Bank Says New Funding Rule Makes Trading More Expensive
Ren Benavidez | | Sep 02, 2014 03:03 PM EDT |
A new global rule is being proposed to force banks into safer funding, which will reportedly make short-selling more expensive.
Federal Reserve Bank Scrutinizes Deutsche Bank
Ren Benavidez | | Jul 23, 2014 09:43 AM EDT |
The Federal Reserve Bank of New York found some serious oversight in the financial reporting process of Deutsche Bank, the New York Times reported.
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