Commerzbank to pay $1.45 billion fine for breaking US sanctions
Germany’s Commerzbank has admitted illegal conduct and agreed to settle criminal charges in the United States by paying $1.45 billion.
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Cost-cutting opens doors to cybercrime
Pressure to close bank branches and digitise all functions means that major financial institutions are putting customer data at risk in order to save money.
IBM weighs up money-saving move to bitcoin
Tech multinational IBM is exploring ways to implement the blockchain technology that drives bitcoin in order to build a digital cash and payment currency.
Financial crime regulation is hitting the wrong people hardest, says David Craig
Robust compliance rules are a must to curb money laundering, but overzealous regulation is making it hard for above-board companies to open or switch accounts.
Ex-Wall Street banker named CEO of new bitcoin trade settlement firm
Veteran trader Blythe Masters, the original creator of credit default swaps, is to take the reins at fledgling company Digital Assets.
Are cheques heading for extinction?
As cheque usage in Australia falls by 14% in one year, some commentators are asking whether the country will join others around the world that are looking at phasing out their usage altogether.
Give us back our billions, Argentina tells HSBC
Argentinian tax authorities are demanding that HSBC return $3.5 billion that they say the bank helped to spirit out of the country.
