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BNZ outage prompts outrage while others say get over it

A banking outage at the Bank of New Zealand has prompted outrage from some who couldn't pay for groceries or staff wages while others urged patience.

ING Australia system down as customers held at checkouts, service stations

ING Australia customers have been left in the lurch at checkouts across the country with a major system outage affecting mobile and electronic services.

Cyber attack on Malta bank tried to transfer cash abroad

Bank of Valletta which accounts for almost half of Malta’s banking transactions, had to shut down all of its operations on Wednesday after hackers broke into its systems and shifted funds overseas.

Rabobank fined €1 million for poor money laundering checks

Dutch central bank DNB fined Rabobank over 1 million euros for not having its customer files in order, and therefore doing inadequate checks on criminal money flows, Rabobank confirmed to the Volkskrant.

Lloyds apologises after customers hit by online banking glitch

Lloyds Banking Group has apologised to customers for problems with its online banking service that lasted about 24 hours.

UBS dinged by Virginia after broker recommended gold and precious metals securities

UBS Financial Services Inc. last month agreed to pay Virginia's State Corporation Commission $319,000 to settle charges that a former broker in a branch in Roanoke made unsuitable recommendations of certain gold and precious metals securities to 18 clients, according to the order, which was dated Jan. 28.

Gundlach says SocGen CEO has ‘no idea what he is doing’

DoubleLine Capital CEO Jeffrey Gundlach had tough words for the head of Paris-based Societe Generale SA after its shares fell to a five-year low on Thursday.

Andrew Thorburn quits as NAB CEO after inquiry lashing

Andrew Thorburn resigned as chief executive officer of National Australia Bank (NAB), just days after the financial industry misconduct inquiry questioned whether he was capable of leading the lender's response to a series of scandals.

Federal judge tells traders they can combine cases accusing JP Morgan of rigging metals market

A group of traders from across the U.S. who allege that J. P. Morgan Chase manipulated precious metals markets for years are one step closer to bringing a class action suit against the nation's largest bank.

Wells Fargo says 'power shutdown' behind problems with online banking and mobile app

Wells Fargo confirmed on Thursday that there were system-wide problems causing outages on its online banking platforms and mobile banking app for the second time in one week.

FBI raids Puerto Rico bank amid Venezuela sanctions probe

FBI agents raided a bank in Puerto Rico Wednesday amid allegations over violations of U.S. sanctions imposed on those who do business with Venezuela's government.

Metro caught in text-targeting cyber attack

Metro Bank has fallen victim to a new type of cyber fraud that targets the codes sent via text messages used to verify transactions.

 
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