Turkey’s central bank promises ‘all necessary measures’ to save its financial system amid lira collapse

The Central Bank of the Republic of Turkey (TCMB) has outlined a range of measures to bolster liquidity and support the financial system. The lira plunged as much as 10 per cent during the Asian markets trading session after a fall of 25 per cent against the US dollar last week — moves that rattled […]

The feds are looking into bank transactions a GOP operative conducted during an independent search for Hillary Clinton’s emails

Drew Angerer/Getty Images Federal investigators are looking into bank transactions conducted by a GOP operative who launched an independent effort to find Hillary Clinton’s emails during the 2016 election. At the time, Peter W. Smith made clear that he wanted to uncover messages sent through Clinton’s private email server and expose them during what was […]

Theresa May refuses to condemn Boris Johnson for comparing Muslim women in burqas to ‘letter boxes’ and ‘bank robbers’

Thomson Reuters Theresa May refuses to condemn Boris Johnson after the former foreign secretary compared Muslim women who wear the burqa to “letter boxes” and “bank robbers.” Johnson wrote in a newspaper column: “It is absolutely ridiculous that people should choose to go around looking like letter boxes.” A spokesperson for Prime Minister May refused […]

Deutsche Bank report reveals shortcomings in its screening process, raises anti-money laundering concerns

REUTERS/Kai Pfaffenbach Deutsche Bank has uncovered shortcomings in its ability to fully identify clients and the source of their wealth. The bank was previously fined nearly $ 700 million for allowing money laundering. Sample tests of investment bank customer files from several countries, including Russia, revealed gaps in the bank’s screening process. Deutsche Bank is […]

17yo Palestinian kills 1, injures 2 Israelis in knife attack in West Bank settlement

One person has been killed and two injured in the latest stabbing attack, this time carried out by a 17-year-old Palestinian, who entered an Israeli settlement in the West Bank for his attack and who was killed during the act. The attack by the young Palestinian, who was later identified as Muhammad Tareq Yusuf, happened […]

$1 million heist on Russian bank started with hack of branch router

Enlarge (credit: Henry Burrows / Flickr) A prolific hacking group has struck again, this time stealing close to $ 1 million from Russia’s PIR Bank. The July 3 heist came about five weeks after the sophisticated hackers first gained access to the bank’s network by compromising a router used by a regional branch. The theft—which […]

Why the euro zone hasn’t seen more cross-border bank mergers

MERGERS of euro-area banks from different countries, a banker jokes, are “very much like teenage sex. There’s a lot of talk, but little action. And when it does happen, there’s a lot of disappointment.” In recent months gossip has linked each of France’s three biggest banks (BNP Paribas, Crédit Agricole and Société Générale), as well […]

New investigation says partner in Trump’s Toronto hotel raised financing after sending $100 million to a Putin-controlled bank

Mike Cassese/Reuters FT: Trump’s business partner on the Trump Toronto tower paid a $ 100 million commission to a middleman with Kremlin links to help facilitate the sale of a stake in a Russian steel mill. The stake was sold for $ 850 million and some of that money may have gone to the Trump […]