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Several of The UK's Banks Have Been Hit by Cyber Attacks in The Last Six Months

Nov 29, 2013

The Bank of England has revealed that several of the UK's banks have been hit by cyber attacks in the last six months, which have led to the institutions making financial losses. In its Financial Stability Report, the bank said that the ...

Tags: Computer Products, software

The Flight to Low-Risk Deposits Continues

Oct 29, 2013

Given that European households have deposits worth an impressive EUR 8.5 trillion, deposits are one of the cornerstones of the EU economic system. This represents one-third of total financial assets. Despite negative real returns in most EU ...

Tags: Deposits Business, European Banks

Sharemarket Closed 1 Per Cent Lower as Weak GDP Figures Prompted Investors

Jun 5, 2013

The sharemarket closed more than 1 per cent lower as weak GDP figures prompted investors to dump banking stocks. At the close today, the benchmark S&P/ASX200 index was down 65.6 points, or 1.34 per cent, at 4835.2. The broader All ...

Tags: Stocks, GDP Data

Australian Shares Have Suffered Another Sharp Fall

May 28, 2013

Australian shares have suffered another sharp fall, losing $26 billion more in value to close down 3.8 per cent for the week, the biggest weekly fall in a year. At 4.15pm AEST, the benchmark S&P/ASX200 index was down 78.9 points, or 1.56 ...

Tags: Stocks, Service, Slide

Australian Stocks Opened Higher with Banks Leading The Broader Market Higher

Mar 21, 2013

Australian stocks have opened higher, with the big retail banks and major energy companies leading the broader market higher. At 10.10am AEDT, the benchmark S&P/ASX200 index was up 14.6 points, or 0.29 per cent, at 4981.9 points. The ...

Tags: Australian stocks, Banks, economy

Sharemarket Closed Lower, Dragged Down by The Four Big Banks

Mar 15, 2013

The sharemarket closed lower today, dragged down by the four big banks. At the close of trade, the benchmark S&P/ASX200 index was down 25.5 points, or 0.5 per cent, at 5092.4. The All Ordinaries index was down 24.2 points, or 0.47 per ...

Tags: sharemarket, four big banks, trade

Retail Banks Will Spend $118bn on It Equipment This Year,3.4% up on 2012

Feb 5, 2013

Retail banks will spend $118bn on IT equipment this year, reports Ovum – 3.4% up on 2012. The spending shows greater optimism in the banking community, says Ovum, and will be used to support mobile banking growth of 4% in Europe in ...

Tags: Retail banks, Banks

Research of 55 Bank CIOs Reveal How Companies Ravaged by Recession Are Investing in IT

Dec 31, 2012

Research of 55 bank CIOs reveal how companies ravaged by recession are investing in IT to help them emerge stronger. The financial crisis which began with the credit crunch in 2008 and the subsequent collapse of investment banking giant ...

Tags: finance CIOs, IT

Three Quarters of Retail Banks Are Increasing How Much They Spend on Innovation

Dec 27, 2012

Almost three quarters of retail banks are increasing how much they spend on innovation as they attempt to better engage customers through mobile and online channels. According to a study of 300 banks in 66 countries, carried out by IT ...

Tags: retail banks, innovation, mobile payments platforms

The UK's Financial Services Sector Would Identify and Mitigate Systemic Risks

Dec 17, 2012

The UK's financial services sector needs urgent investment in its IT infrastructure in order to identify and mitigate systemic risks,according to a report by the trade association for the UK technology sector,Intellect. In its Biting the ...

Tags: Banks, IT infrastructure, financial system, RBS

BBVA's New Flagship Branch Has Installed a Sophisticated Multimedia Signage System

Aug 8, 2012

John Ryan declared that BBVA's new Flagship branch has installed a sophisticated multimedia signage system in Madrid, its key highlight being a 63-foot exterior LED. LED, kiosks and media walls installation at the BBVA Flagship ...

Tags: LED Display

US Hi-Tech Investment Bank Opened Its First UK Branch Offering Banking

Jun 11, 2012

A US hi-tech investment bank with$20bn in assets has opened its first UK branch offering banking and loan services to the technology industry. Silicon Valley Bank(SVB),a subsidiary of SVB Financial Group,is looking for UK customers in the ...

Tags: Financial Support, SVB, Life Science, Hi-Tech Investment Bank

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