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Tag Archives: Bank

Details Emerge on Global Bank Heists by Hackers

Just how securely are banks moving money around the world? New details emerged on Friday about a pair of related attacks on banks that use the Swift message service, which allows financial firms and companies to transfer payments around the world. Computer security researchers briefed on the investigation into one ...

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New Attack Reported by Swift Global Bank Network

Thieves have again found their way into what was thought to be the most secure financial messaging system in the world and stolen money from a bank. The crime appears to be part of a broad online attack on global banking. New details about a second attack involving Swift — ...

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Vietnam's economy slowing down after a strong year: World Bank

Vietnam’s economy will see “moderate” growth of 6.2 percent this year, as private consumption and investment will slow down amid downside risks, both external and internal, the World Bank has said. The latest estimate is slightly lower than the bank’s prediction of 6.5 percent just more than three months ago, ...

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Swedish Bank Move Creates a Global Shudder

What if the bazooka is shooting blanks? Since the financial crisis, it has been gospel for many investors that some combination of actions by central banks — bond buying, bold promises or flirtations with negative interest rates — would be enough to keep the global economy out of recession. But ...

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World Bank arm guarantees loans for Viet Nam

World Bank arm guarantees loans for Viet Nam The plant will sell electricity to national utility Electricity of Viet Nam under a power purchase agreement. — Photo baodautu.vn WASHINGTON, DC (VNS) — The Multilateral Investment Guarantee Agency, the political risk insurance and credit enhancement arm of the World Bank Group, ...

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Central bank won't issue small banknotes for Tet

Central bank won’t issue small banknotes for Tet Customers make bank transactions at BaoViet Bank’s branch in HCM City. The SBV will not issue new banknotes with denominations lower than VND5,000 for the Tet holiday. — VNA/VNS Photo Tran Viet HA NOI (VNS) — The State Bank of Viet Nam ...

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World Bank, VN to create trade information website

World Bank, VN to create trade information website A garment production line in Viet Nam. With support from the World Bank, Viet Nam will develop a trade information portal to make all regulatory trade-related information usedful fot Vietnamese exporters and importers. — Photo VNA HA NOI (VNS) — The World ...

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Bank Rule Distorting Performance Is Repealed

An “Alice in Wonderland” accounting rule that allowed stressed banks to book huge gains simply because they were stressed has been overturned. The Financial Accounting Standards Board, which formulates accounting rules, on Tuesday voted to do away with the rule, which took effect as the financial system was starting to ...

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