By Dr Christodoulos Patsalides In the world of banking, long periods of profitability can dull the instinct to reassess risk. When financial institutions experience years of stable returns and upward-trending profits, there is a natural tendency to normalise those conditions. This is especially true when a big chunk of profits emanate from unusually favourable monetary
New Delhi: It was nearly five years ago, during the COVID-19 lockdown in 2020, when Anchal Bhateja’s father misplaced her debit card. On going to the bank’s nearby branch, the bank manager flatly refused to issue her a new one, telling the visually-impaired girl, “You are prone to losing it”. Although his reasoning sounded absurd,
Top Stories of The Week Ripple applies for US banking license, joining crypto rush for legitimacy Ripple CEO Brad Garlinghouse confirmed on X on Wednesday that the company is applying for a license with the US Office of the Comptroller of the Currency (OCC), following an earlier report by The Wall Street Journal. “True to
So far, we’ve seen large language models (LLMs) like ChatGPT used to produce political propaganda by foreign powers, cheat on academic coursework, and even generate imagery for scam campaigns. But now, researchers are highlighting a new way OpenAI’s flagship tool can be used for bad, this time to redirect users to “phishing links.” In phishing,
The accounts on this list have no monthly maintenance fee, low or no minimum balance requirements and few other fees. To create a list of the best free checking accounts, Forbes Advisor analyzed 157 checking accounts at 66 financial institutions, including a mix of traditional brick-and-mortar banks, online banks and credit unions. We ranked each
Stock pickers are generally looking for stocks that will outperform the broader market. Buying under-rated businesses is one path to excess returns. For example, long term Oversea-Chinese Banking Corporation Limited (SGX:O39) shareholders have enjoyed a 78% share price rise over the last half decade, well in excess of the market return of around 24% (not
SAO PAULO (AP) — Police in Brazil arrested a suspect in connection with a cyberattack that diverted more than 540 million Brazilian reais (about $100 million) from the country’s banking systems, authorities said Friday. The breach affected Brazil’s widely used instant payment system, known as PIX, which is used by 76.4% of the population. Hackers
SAO PAULO (AP) — Police in Brazil have arrested a suspect in connection with a cyberattack that diverted more than 540 million Brazilian reais (about $100 million) from the country’s banking systems, authorities said Friday. The breach affected Brazil’s widely used instant payment system — known as PIX — which is used by 76.4% of
The Democratic Senate sponsor of a marijuana banking bill says that, despite efforts to coordinate meetings around the legislation, other priorities have taken precedence for now. Still, Sen. Jeff Merkley (D-OR) told Marijuana Moment that he’s hopeful the Secure and Fair Enforcement Regulation (SAFER) Banking Act will be taken up “sooner than later.” In a
The Verkhovna Rada Committee on Tax and Customs Policy supported bill No. 13233, which provides for the creation of a register of accounts and individual bank safes of individuals. The first deputy head of the Committee, Member of Parliament Yaroslav Zhelezniak announced this on Telegram, the Ukrainian News agency reports. As the MP notes, the