Banking and Finance – Page 18

Banks’ Worst Nightmare – Carbanak Heist

February 18, 2015December 19, 2020deenazaidiBanking and FinanceLeave a Reply

As banks slowly approach the age of digitalization they already seem to be facing tough challenges that are related to their own systems’ security. Banks have been victims to many cyber crimes but so far the crimes had been related to hacking into customers’ accounts. The shift from hacking customers’ accounts to hacking banks’ systems seems to be one of the latest and perhaps the biggest and quietest cyber crimes. In the past, bank robberies might not have been so planned and professional but with changes in technology, even cyber crimes seem to keep up

The First Internet-Only Bank in China

January 28, 2015January 22, 2018deenazaidiChinaLeave a Reply

State-owned banks have long dominated banking in China but China wants to do things differently now. The Chinese government wants improve its financial sector by creating more confidence and responsiveness towards private customers. China has lately seen a lot of changes in its banking system, which could see some big changes in Chinese banking sector in 2015.

Greece Exit (GREXIT) – A Boon Or A Bane?

January 24, 2015April 17, 2017deenazaidiEurope, Eurozone Crisis, Financial Crises timeline, InfographicsLeave a Reply

By the end of 2014, Greece owed “troika”(European Central Bank, the International Monetary Fund and the European Commission) €253.3bn. In 2014, many talks were doing the rounds of a possible exit of Greece from the Eurozone. With snap elections in January 2015, Greece is again put on a spot. There is a lot of speculation as to how things could change for Greece in case radical left-wing party Syriza wins. Sunday Elections for Greece could either make or break the future of Greece depending how the elected government handles rising tensions between the troubled nation and its creditors, Eurozone government and IMF.

BANKING DEVELOPMENTS

January 23, 2015December 12, 2020deenazaidiBanking and Finance, Banking Scandals, World EconomyLeave a Reply

Banking Industry has evolved tremendously over a period of time. Nowadays, modern banking sector is doing away with its traditional methods and shifting focus to a more advanced and digitally connected network. While many countries are still struggling to get basic banking facilities, there are others that are growing not only in number but facing fierce competition from non-banks. As we all know, banking, in recent years, is not all about depositing and taking loans but much more.