Indian stocks were trading with mild gains in early noon session amid high volatility on Wednesday, i.e. October 9. At 11:25 am, the S&P BSE Sensex inched up 40.30 points, or 0.1%, to 37,572.28, while the Nifty 50 index was up 15.35 points, or 0.14%, to 11,141.75. Yes Bank, DHFL, ... Read More »
HIGHLIGHTS Cashback of Rs. 5,000 is applicable on iPads and Apple Watch Offer period is March 12-April 15 Maximum of 2 transactions per card is applicable for cashback Apple India has partnered with ICICI Bank to offer cashback of up to Rs. 10,000 on purchase of select iPhone variants, as well as iPad, MacBook, and Apple Watch models. ... Read More »
Second World War cipher technology is being built into tiny processors to develop the next generation of ultra-secure bank cards. The concept behind the design of Nazi military coding machines such as Enigma will be used to replace the existing three-digit CVV security number, which is currently found on the ... Read More »
The troubles in Italy’s banking sector are not having any impact on the mood in corporate boardrooms around Germany and neither is the election of U.S. Republican Donald Trump, an economist at the Ifo institute said on Monday. “The Italian crisis is not having any effect. The markets know that ... Read More »
So picture this scenario: You plug in your phone at the end of the night, it takes all night to charge up to 100% but by lunch the next day it’s already at 3%. So frustrating, right? Well, here’s a solution to this annoying problem. It’s called Yukuma. Yukuma has ... Read More »
Supermarket giant Tesco has suspended some parts of its online banking system after it detected attempts to steal cash from customers’ accounts. It said it spotted “suspicious transactions” on 40,000 accounts over the weekend, with money reportedly taken from about half of them. Tesco has declined to elaborate on what ... Read More »
Fears in the European banking community last week created something of a tantrum in U.S. bond markets, driving yields down and taking mortgage rates along with them. As a result, mortgage application volume rose 2.9 percent on seasonally adjusted basis for the week from the previous week, according to the ... Read More »
Crude oil futures rose on Thursday, adding to the previous session’s rally on optimism over an OPEC plan to curb output, while stocks fell as Deutsche Bank tumbled after a report said trading clients have withdrawn excess cash and positions held in the largest German lender. Energy stocks fared better ... Read More »
They fell another 3% to €10.22 during morning trading on the Frankfurt stock exchange. Investors are increasingly worried about the financial health of the bank, which now faces a $14bn fine in the US for mis-selling mortgage-backed bonds before the financial crisis of 2008. “The plight of Deutsche Bank could ... Read More »
The U.S. Department of Justice asked Deutsche Bank, Germany’s biggest lender, to pay $14 billion to settle an investigation into the sale of residential mortgage-backed securities. The company said it has “no intent” to pay the huge sum tied to the bank’s sale of mortgages between 2005 and 2007 and ... Read More »
British multinational professional services firm, Ernst & Young (EY), recently published its Bank Relevance Index (BRI). The data shows how banks’ “decreasing relevance has consumers straying to bank alternatives.” “The BRI is the engine behind EY’s most extensive research survey into consumer banking behavior and trends, due out later this ... Read More »
I like to point out the fact that the Bank of England is taking a leadership role in FinTech, but it goes wider and deeper than this. Bear in mind, the regulator – the Prudential Regulatory Authority (PRA) – lies under the Bank’s control. Before the Global Financial Crisis, it ... Read More »
