Coronavirus impacts: No crisis within the banking system, says SBI Chairman Rajnish Kumar

To get the benefit of the voice banking offering, customers need to download the Alexa / Google Assistant and link their ICICI Bank account through a secure two-factor authentication process.

Sensex sheds 310 pts; Nifty ends below 9k; banking, financial stocks drag

Sensex zooms 986 pts on RBI booster, Nifty ends at 9,293; banking stocks rally

Banking space to see more pain going forward: Siddhartha Khemka

Beaten down banking and industrial stocks likely to outperform in near term: Taher Badshah

The ‘Gene Conservation of Tree Species—Banking on the Future Workshop’ provided a forum for presenting and discussing issues and accomplishments in genetic conservation of trees, and notably those of North America. The meeting gathered scientists, specialists, administrators and conservation practitioners from federal, university, non-governmental and public garden institutions worldwide. The 81 submissions included in this Proceedings are from oral and poster presentations at the 2016 workshop held in Chicago, Illinois. They update the science and policy of genetic conservation of trees, showcase current successes, and provide guidance for future efforts. This Proceedings is complemented by 11 related papers gathered in a special issue of the journal New Forests (Vol 48, No. 2, 2017). In addition to plenary talks that provided overviews of some national and international efforts, there were concurrent sessions with themes of Conservation Strategies, Pest and Pathogen Resistance, Genetic Conservation, Tools for Tree Genetic Conservation, Conservation Program Case Studies, Designing Seed Collections, Ex Situ Conservation, and Science in Support of Conservation. The meeting was also the venue for special sessions on Coordinating the Red List of North American Tree Species, Innovative Approaches for Assessing and Prioritizing Tree Species and Populations for Gene Conservation, Community Standards for Genomic Resources, Genetic Conservation and Data Integration, and Development of Seed Zones for the Eastern U.S., and a group discussion on Improving Genetic Conservation Efforts.

In one embodiment, a processor includes at least one functional block and banking logic. The banking logic may be to determine an average reliability metric associated with the at least one functional block. The banking logic may also be to, if the average reliability metric exceeds a required level, implement a reduced reliability mode in the at least one functional block, where the reduced reliability mode is associated with a reduction in the average reliability metric. Other embodiments are described and claimed.

A banking system operates responsive to data read from data bearing records. The system includes an automated banking machine comprising a card reader. The card reader includes a movable read head that can read card data along a magnetic stripe of a card that was inserted long-edge first. The card reader includes a card entry gate. The gate is opened for a card that is determined to be properly oriented for data reading. The card reader can encrypt card data, including account data. The card data is usable by the machine to authorize a user to carry out a financial transfer involving the account.

A banking system is controlled responsive to data read from data bearing records. The banking system includes an automated banking machine. The machine is operable to carry out a financial transaction for a person responsive to a determination that the person is an authorized user of the machine based on correspondence between identifying data read by a reader of the machine and data store information. The machine includes a check acceptor that is operative to receive checks from authorized machine users. The check acceptor is operable to continuously move a received check along its transport path while simultaneously rotationally orienting the check into alignment with the transport path. A check determined not to have at least one property of an acceptable check is returned to the machine user. Acceptable checks are processed and stored in the machine.

Automated banking machines operate to cause financial transfers responsive to data read from data bearing records. Each of the automated banking machines includes a card reader that is operative to read data from user cards corresponding to financial accounts. Transactions are authorized responsive at least in part to correspondence between card data and stored data corresponding to authorized users. Entities responsible for operating the automated banking machines may receive messages that include information or update code items for software or firmware usable in the banking machines for which they have operational responsibility.

In vielen Staaten vor allem Skandinaviens nutzt fast die gesamte Bevölkerung eine digitale Bankverbindung. In Deutschland sind es 86 Prozent. Vor allem Jüngere aber nutzen lieber das Smartphone als den Bankschalter

Water banking involves the deliberate injection of surplus water into known aquifers. The idea is to repurpose the world’s many artesian basins as giant sustainable storage tanks - ones that can readily be drawn upon in times of drought. It’s just one of the ideas we explore in the second instalment of our two-part series on water conflict and management – the politics, the problems and the potential solutions.

Discover the large marketplace opportunity available within the banking industry for IBM Business Partners selling IT products and services to mid-market clients.

An extremely legitimate looking phishing scam aimed at NatWest credit card holders.

Phishing scammers targeting Nedbank customers with malware.

Malware phishing scammers targeting ABSA customers with the ZBot Trojan.

A fake Chase e-mail that has PHISHING written all over it.

Phishing scammers using UCount awards as bait to steal your Standard Bank Internet Banking login details.

As of Monday [May 11], HSBC’s Harbourview, St. Georges and Somerset branches will open on weekdays from 9.00am through 1.00pm “to provide...

A new type of mobile banking malware has been discovered abusing Android's accessibility features to exfiltrate sensitive data from financial applications, read user SMS messages, and hijack SMS-based two-factor authentication codes. Called "EventBot" by Cybereason researchers, the malware is capable of targeting over 200 different financial apps, including banking, money transfer services,

MERVYN KING, the former governor of the Bank of England, once issued a brutal analysis of the global banking system and argued for its reinvention, it can be revealed as the Government fine-tunes its economic response to the coronavirus pandemic.

Nationalising a bank is a big deal. But it is not unprecedented. It is worth reading the history of Continental Illinois, nationalised by the US Federal Deposit Insurance Corporation in 1984. You can get the full story from the FDIC...

Ford Motor has unveiled the Mustang Mach-E, an all-electric sport utility vehicle that the company claims will have a range of at least 230 miles.

Corporate Members Event

Event participants

Antony Jenkins, Founder and Executive Chair, 10x Future Technologies; Group Chief Executive, Barclays (2012-15)
Tracey McDermott CBE, Group Head, Corporate Affairs, Brand & Marketing and Group Head, Conduct, Financial Crime and Compliance, Standard Chartered; Acting Chief Executive, Financial Conduct Authority (2015-16)
Chair: Patrick Jenkins, Financial Editor, FT

Host Matt Egan is joined by the world's number one authority on No Man's Sky, producer Chris, to discuss the hype around the vast Playstation and PC game, how it was made and parallel universes. Scott Carey, online editor at Techworld.com jumps in to speak about the government's Open Banking report and how technology could change the way we bank in the future (16:00). Finally, acting editor at Macworld UK David Price is talking water pistol emojis and the strange politics of Apple (27:00).  

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This week host Charlotte Jee breaks down open banking with Computerworld UK editor Scott Carey: what is it and why should we care?

Then audience development editor Christina Mercer explains why chip-maker Qualcomm has been fined nearly €1 billion and the EU's sustained attack on big tech (12:00)

Last up is senior staff writer at Tech Advisor Dom Preston to talk about Amazon's revolutionary concept Go store opening in Seattle and if this is really the future of shopping (20:00).

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Speech by Mr Claudio Borio, Head of the Monetary and Economic Department of the BIS, at the SUERF Annual Lecture Conference on "Populism, Economic Policies and Central Banking", SUERF/BAFFI CAREFIN Centre Conference, Milan, 8 November 2019.

Global cross-border bank claims continued to expand rapidly, growing at 9% year on year. As in previous quarters, the expansion was mainly due to claims on the non-bank sector, which grew at 12% year on year. The growth in claims on non-bank financial institutions was particularly strong (+17%). European banks' cross-border lending, which went through a prolonged contraction after the Great Financial Crisis (GFC) of 2007-09, has been expanding again since the start of 2018.

The annual growth rate of global cross-border bank claims fell to 6%, down from 9% at end-September 2019. The short-term share of foreign banks' claims, a key indicator of external vulnerability, is elevated for a number of borrowing emerging market and developing economies (EMDEs). Borrowers in EMDEs had untapped credit lines of $610 billion, or roughly 10% of the stock of global foreign claims on EMDEs at end-2019. Saudi Arabia joined the reporting population for the locational banking statistics (LBS) with data starting from Q4 2017, bringing the number of countries reporting these data to 48.

The locational banking statistics provide quarterly data on the outstanding claims and liabilities of internationally active banks located in reporting countries against counterparties residing in more than 200 countries. They capture the currency composition of banks' balance sheets and the geographical breakdown of their counterparties.

The consolidated banking statistics provide quarterly data on the worldwide consolidated positions of banks headquartered in reporting countries. They are designed to analyse the exposure of internationally active banks of different nationalities to individual countries and sectors.

Publication by Mr Dimitar Radev, Governor of the Bulgarian National Bank, in the Quarterly Bulletin of the Association of Banks in Bulgaria, issue 61, March 2020.

Banks' performance on equity and debt markets since the Covid-19 outbreak has been on a par with that experienced after the collapse of Lehman Brothers in 2008. During the initial phase, the market sell-off swept over all banks, which underperformed significantly relative to other sectors. Still, markets showed some differentiation by bank nationality, and credit default swap (CDS) spreads rose the most for those banks that had entered the crisis with the highest level of credit risk. The subsequent stabilisation, brought about by forceful policy measures since mid-March, has favoured banks with higher profitability and healthier balance sheets. Less profitable banks saw their long-term rating outlooks revised to negative. And the CDS spreads of the riskiest banks continued increasing even through the stabilisation phase.

Are financial intermediaries inherently unstable and, if so, why? To address this, we analyse whether model economies with financial intermediation are particularly prone to multiple, cyclic or stochastic equilibria.

Framed prints of Steven Camley's cartoons are available by calling 0141 302 6210

Payments Association of South Africa has warned consumers to be cautious when sharing personal information which can be used by fraudsters to make unauthorised debit orders.

Credit card fraud increased to 19.47% as at the end of March 2019, compared to 12.2% reported at the beginning of January 2019.

Direct Benefit Transfer (DBT) to the poor and vulnerable section of society, hit hard by the coronavirus outbreak and the consequent lockdown, is providing financial support for sustaining during these difficult times.

Earlier, the Business Correspondent Federation of India (BCFI) had said that while the BCs were offering services of cash withdrawal, very few are depositing money in the wake of the current lockdown.

This novel facility offers customers yet another way to connect with their bank from home at a time when they are advised to stay indoors in the wake of the nationwide lockdown, ICICI Bank said in a release.

RBI constitutes Committee for Capacity Building in Banking Sector

Moody's Maintains its Negative Outlook for Indian Banking System

Banknet releases Handbook on Mergers and Acquisitions in Indian Banking System