NEW YORK - Because the sums were large and such attacks are relatively new, the two Middle East banks hit in a $45 million ATM heist face an uncertain path in trying to recover their losses, financial, insurance and legal experts say. Oman-based Bank of Muscat lost $40 … [Read more...] about For banks in cyber heist, how to get their money back?
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A man who was given a key political role in east China after claiming he bought a US bank that was later found not to exist has been detained for an alleged separate fraud scheme, police and media said. Fake Chinese bank magnate detained for fraud Lin Chunping last … [Read more...] about Fake Chinese bank magnate detained for fraud
HA NOI (VNS)— PetroVietnam's Exploration and Production Corporation (PVEP) has signed a total of US$140 million in credit contracts to develop an exploitation project on Viet Nam's continental shelf. Under the contracts signed on Monday, OceanBank, VIB, MB, SeABank and … [Read more...] about Banks finance offshore oil project
Compiled by Thien Ly Late June, the State Bank of Viet Nam took two important decisions aimed at stirring up the economy market and improving aggregate demand. However, these new policies cannot promise much, given that similar moves have not made much of a difference in the … [Read more...] about Central bank policies aim to revive economy
The Bank of England believes that up to 75,000 jobs could be lost in financial services following Britain's departure from the European Union.I understand senior figures at the Bank are using the number as a "reasonable scenario", particularly if there is no specific UK-EU … [Read more...] about Bank of England believes Brexit could cost 75,000 finance jobs