banks in news

Watchdog demands data breach confessions

News The NCC is petitioning the European Union to draft legal powers to compel businesses and banks to inform customers when they lose their personal data.silicon.com's Full Disclosure campaign - what we are asking for.silicon.com wants the government... [01 Sep 2008]

One million bank customers' details sold on eBay

News As a result, historical data relating to credit card applications from some of our customers and data from other banks were not removed. One million bank customers' details have turned up on a second hand PC sold over online auction website eBay. [26 Aug 2008]

Turquoise trading platform begins to settle

News The cash equity trading platform aims to offer cheaper trading for banks and brokerages than incumbent exchanges. Colt Telecom said it has connected 10 large banks and market data customers to the platform. [19 Aug 2008]

Bank job losses: Offshoring not to blame

News Across Europe, there is no correlation between the share of banks that have offshored IT functions and the changes in bank employment between 2002 and 2006. However, the influence on the banking job market will increase, with the report citing half... [18 Aug 2008]

UK spam mountain just got bigger

News Field said: "It tends to go in cycles who they target with gangs tending to target the banks with most publicity. They will go for the biggest banks because there's so many more customers who are likely to click on an email. [12 Aug 2008]

Number of free ATMs to increase by a third

News Banks pay an interchange fee when machines operated by other companies are used to access their accounts. As part of the initiative to locate free ATMs in low income areas, a premium on what would normally be charged of up to 50 per cent per... [18 Jul 2008]

Exclusive: Barclays to offshore 1,800 UK tech jobs

News A spokeswoman for Barclays said: "Barclays ambition is to become one of a handful of universal banks leading the global financial services industry, helping our customers and clients throughout the world to achieve their goals. [14 Jul 2008]

Banks unprepared for EU payments directive

News The cost of complying with the EU Payments Services Directive (PSD) could amount to €6bn over the next 18 months for 30 of the biggest international banks in Europe. Half of the banks surveyed said they had completed impact assessments on PSD but... [14 Jul 2008]

Are banks going soft on e-crime?

News Banks are failing to pass on information about online fraud to police, according to a House of Lords committee. The Lords science and technology committee has called for people to be able to report crime directly to the police, rather than having... [08 Jul 2008]

London data centres hit by credit crunch

News London's data centre sector has suffered a downturn, with no corporates taking up space in the capital this year. Businesses chose London for just four per cent of the data centre space taken up across Europe in the first quarter of this year... [04 Jul 2008]

Credit crunch boosts outsourcing

News The credit crunch is predicted to drive greater demand for outsourcing in the financial services sector. Almost half (41 per cent) of 70 financial services managers questioned in a survey by the Management Consultancies Association (MCA) and the... [18 Jun 2008]

PC security warning for banking online

News The online banking section of the latest Banking Code from the British Bankers Association suggests banks may not always be liable when online banking fraud takes place. Apacs said, as with card fraud, banks still assess online banking fraud on a... [16 Jun 2008]

Cotton Traders' site hacked: Thousands of details stolen

News The company claims it notified its customers within days of it happening, flagged up the breach with banks immediately and closed the hole within hours of the attack. Hackers breached the company website in January and stole encrypted customer... [11 Jun 2008]

Brics demand feature-packed mobiles

News He cited Singapore's NFC trials last year with the EZ-Link-StarHub and NETS-SingTel tie-ups, and a recent announcement by Indian company ALW that it will work with six banks in the country to trial NFC payments in India. [09 Jun 2008]

Mobile broadband ushers in Blue day

News The real ace in the hole though is a deal with BlackBerry to co-market the service to brokers and banks. Ask anyone in the finance arena about up-to-date financial information and they will almost certainly say Reuters and Bloomberg. [03 Jun 2008]

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