Banks – Page 7 – THE OVAL CIRCLE

Content network delivery provider Akamai says global outage hitting banks, airlines ‘not caused by system update or cyberattack’

Posted on June 20, 2021June 20, 2021By Editor

n internet outage affecting hundreds of organizations, including airlines and banks, was not caused by a system update or a cyberattack, US-based content delivery network provider Akamai has said. … Read More >Content network delivery provider Akamai says global outage hitting banks, airlines ‘not caused by system update or cyberattack’

World

Australian banks ‘urgently investigating’ after online banking apps stop working

Posted on June 19, 2021June 19, 2021By Editor

Several of Australia’s largest banks have reported issues with their online banking apps, sparking chatter on social media about what could have caused the large-scale service outage. … Read More >Australian banks ‘urgently investigating’ after online banking apps stop working

Business

Tourists told to leave dollars at home as Cuban banks will no longer accept greenback

Posted on June 13, 2021June 13, 2021By Editor

Cuba has asked tourists not to bring dollars with them to the Caribbean island, as the US currency will no longer be accepted in the country, according to the first vice president of the Central Bank, Francisco Mayobre Lence. … Read More >Tourists told to leave dollars at home as Cuban banks will no longer accept greenback

Business

Global banks bracing for losses amid US hedge fund collapse

Posted on April 1, 2021April 1, 2021By Editor

World banks may lose over $6 billion from the downfall of the US investment firm Archegos Capital, sources told Reuters. Regulators are closely monitoring the situation as panic spreads about the possible scale of the fallout. … Read More >Global banks bracing for losses amid US hedge fund collapse

Middle East

Lebanon’s central bank chief says he’s suing Bloomberg for report claiming US mulling sanctions on him over corruption

Posted on March 7, 2021March 7, 2021By Editor

Lebanon’s central bank governor said he will file legal action against Bloomberg and one of its journalists over a story it published claiming that the US was considering sanctions against him as part of a wider corruption probe. … Read More >Lebanon’s central bank chief says he’s suing Bloomberg for report claiming US mulling sanctions on him over corruption

Middle East

‘At least $1bn’ of Iran’s frozen assets to be released by South Korea after Tehran meets with Seoul

Posted on February 25, 2021February 25, 2021By Editor

Iran’s Central Bank says the country expects to receive at least $1 billion dollars of frozen Iranian assets being held by South Korea in accordance with US sanctions on Tehran, after Seoul agreed to release some of the funds. … Read More >‘At least $1bn’ of Iran’s frozen assets to be released by South Korea after Tehran meets with Seoul

Business

World debt soars to record $281 TRILLION in 2020, set to rise again this year – report

Posted on February 23, 2021February 23, 2021By Editor

The Covid-19 pandemic has added $24 trillion to the global debt mountain over the last year, the Institute of International Finance (IIF) said. Government spending has accounted for about half of the increase. … Read More >World debt soars to record $281 TRILLION in 2020, set to rise again this year – report

Business

US stock market bubble may pop soon after Wall Street’s coronavirus bonanza, Bank of America warns

Posted on January 23, 2021January 23, 2021By Editor

The second-largest US lender, Bank of America, has warned that the “extreme rally” seen after the market crash triggered by the pandemic formed a bubble in asset prices, and it could be about to burst. … Read More >US stock market bubble may pop soon after Wall Street’s coronavirus bonanza, Bank of America warns

Middle East

US Targets Syrian Central Bank, President Assad’s Wife in Fresh Round of Sanctions

Posted on December 23, 2020December 23, 2020By Editor

Earlier, the US Department of the Treasury announced sanctions against Syria’s Central Bank, as well as nine other entities and seven individuals in Syria. … Read More >US Targets Syrian Central Bank, President Assad’s Wife in Fresh Round of Sanctions

Business

Moscow Exchange sows seeds of potential with launch of wheat futures contracts

Posted on December 22, 2020December 22, 2020By Editor

The Derivatives Market at the Moscow Exchange (MOEX) has launched trading of physically settled Russian grain futures contracts. The product is set to replace a swap contract that closed earlier this year. … Read More >Moscow Exchange sows seeds of potential with launch of wheat futures contracts

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