News Headlines | Upcoming Events


News Headlines

Wednesday, February 13, 2019 - BNZ outage prompts outrage while others say get over it
Bank of New Zealand (BNZ)
Source - https://www.nzherald.co.nz/personal-finance/news/article.cfm?c_id=12&objectid=12203294
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.

[More]

Wednesday, February 13, 2019 - ING Australia system down as customers held at checkouts, service stations
ING Groep NV
Source - https://thewest.com.au/business/banking/ing-australia-system-down-as-customers-held-at-checkouts-service-stations-ng-b881105042z
ING Australia customers have been left in the lurch at checkouts across the country with a major system outage affecting mobile and electronic services.

[More]

Wednesday, February 13, 2019 - Cyber attack on Malta bank tried to transfer cash abroad
Bank of Valletta
Source - https://www.reuters.com/article/us-bank-valetta-cyber/cyber-attack-on-malta-bank-tried-to-transfer-cash-abroad-idUSKCN1Q21KZ
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.

[More]

Tuesday, February 12, 2019 - Rabobank fined €1 million for poor money laundering checks
Rabobank
Source - https://nltimes.nl/2019/02/12/rabobank-fined-eu1-million-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.

[More]

Monday, February 11, 2019 - Lloyds apologises after customers hit by online banking glitch
Lloyds Bank
Source - https://www.theguardian.com/business/2019/feb/11/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.

[More]

Friday, February 8, 2019 - UBS dinged by Virginia after broker recommended gold and precious metals securities
UBS
Source - https://www.investmentnews.com/article/20190208/FREE/190209952/ubs-dinged-by-virginia-after-broker-recommended-gold-and-precious
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.

[More]

Friday, February 8, 2019 - Gundlach says SocGen CEO has ‘no idea what he is doing’
Société Générale
Source - https://www.bloomberg.com/news/articles/2019-02-07/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.

[More]

Friday, February 8, 2019 - Andrew Thorburn quits as NAB CEO after inquiry lashing
National Australia Bank (NAB)
Source - https://www.businesstimes.com.sg/companies-markets/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.

[More]

Thursday, February 7, 2019 - Federal judge tells traders they can combine cases accusing JP Morgan of rigging metals market
JPMorgan Chase & Co
Source - https://www.cnbc.com/2019/02/07/federal-judge-tells-traders-they-can-combine-cases-accusing-jp-morgan-of-rigging-metals-market.html
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.

[More]

Thursday, February 7, 2019 - Wells Fargo says 'power shutdown' behind problems with online banking and mobile app
Wells Fargo & Co.
Source - https://abcnews.go.com/Business/wells-fargo-systems-issue-problems-online-banking-mobile/story?id=60910166
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.

[More]

Wednesday, February 6, 2019 - FBI raids Puerto Rico bank amid Venezuela sanctions probe
Banco San Juan Internacional (BSJI)
Source - https://www.voanews.com/a/fbi-raids-puerto-rico-bank-amid-venezuela-sanctions-probe/4775581.html
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.

[More]

Tuesday, February 5, 2019 - Metro caught in text-targeting cyber attack
Metro Bank plc
Source - https://www.finextra.com/newsarticle/33318/metro-caught-in-text-targetting-cyber-attack?utm_medium=newsflash&utm_source=2019-2-5&member=22821
Metro Bank has fallen victim to a new type of cyber fraud that targets the codes sent via text messages used to verify transactions.

[More]

Friday, February 1, 2019 - Goldman Sachs may claw back millions from CEO over bribery scandal
Goldman Sachs
Source - https://nypost.com/2019/02/01/goldman-sachs-may-claw-back-millions-from-ceo-over-bribery-scandal/
Goldman Sachs is threatening to claw back millions of dollars from its top brass — including Chief Executive David Solomon and his predecessor, Lloyd Blankfein — over a Malaysian bribery scandal that’s engulfing the bank.

[More]

Friday, February 1, 2019 - ‘Are all of your online systems down?’ Wells Fargo customers fume over website problems
Wells Fargo & Co.
Source - https://www.charlotteobserver.com/news/business/banking/article225401415.html
Wells Fargo’s online banking and mobile app went down on Friday, preventing some customers from paying bills or accessing their accounts for hours on what is payday for many people.

[More]

Thursday, January 31, 2019 - Malaysia fines Deloitte for 1MDB negligence
Deloitte
Source - https://asia.nikkei.com/Politics/Malaysia-in-transition/Malaysia-fines-Deloitte-for-1MDB-negligence
The Malaysian capital markets regulator on Wednesday fined Deloitte 2.2 million ringgit ($537,000) for four breaches related to a bond issued by wholly owned units of scandal-tainted state fund 1Malaysia Development Berhad.

[More]

Thursday, January 31, 2019 - United Natural Foods sues Goldman Sachs, Bank of America over acquisition advice
Goldman Sachs
Source - https://uk.reuters.com/article/us-goldman-sachs-united-natural-foods-la/united-natural-foods-sues-goldman-sachs-bank-of-america-over-acquisition-advice-idUKKCN1PP03G
Grocery distributing company United Natural Foods Inc filed a lawsuit on Tuesday against Goldman Sachs Group Inc and Bank of America Merrill Lynch claiming the investment banks put their financial interests ahead of the company’s when they advised it on a multi-billion acquisition last year.

[More]

Thursday, January 31, 2019 - Caixa fined €3.6 million due to credit breaches
CaixaBank SA
Source - https://www.euroweeklynews.com/2019/01/31/penalty-caixa-fined-e3-6-million-due-to-credit-breaches/#.XFQeY1VKiUk
Spain's Central Bank has fined CaixaBank €3.6 million over breaches of credit, repayments and interest rate rules.

[More]

Tuesday, January 29, 2019 - Insurer MetLife to pay $19.75 million in case of unpaid pensions
Metropolitan Life Insurance Co. (MetLife)
Source - https://www.washingtonpost.com/business/economy/insurer-metlife-to-pay-1975-million-in-case-of-unpaid-pensions/2019/01/28/6d75c8ee-2311-11e9-ad53-824486280311_story.html?noredirect=on&utm_term=.080130ef1146
U.S. insurer MetLife will pay a $19.75 million penalty to New York State’s insurance regulator after revealing that it had failed to pay pensions to over 13,000 people, the regulator said on Monday.

[More]

Tuesday, January 29, 2019 - Standard Chartered fined $40m for currency rigging ‘cartel’
Standard Chartered Bank
Source - https://nypost.com/2019/01/29/standard-chartered-fined-40m-for-currency-rigging-cartel/
A top Wall Street watchdog on Tuesday slapped a big bank with a $40 million fine over a brazen currency rigging scheme that had traders referring to themselves as a “cartel” and openly boasting about their ability to “bully“ other currency traders.

[More]

Monday, January 28, 2019 - Metals financing fraud lawsuits reveal risks of relying on paper receipts
Marex Spectron
Source - https://www.insurancejournal.com/news/international/2019/01/28/515876.htm
When the man running one of London’s biggest metals brokerages found a new client who wanted to finance large volumes of nickel held in warehouses in Asia, he thought the deal promised major rewards. Less than a year later, he worried that the disastrous decision to go ahead with the trade would cost him his job.

[More]


Events