Cyber security costs soar at global financial institutions with increasing hacker attacks

Last Updated: Wednesday, September 18, 2013, 18:46

Most IT security experts at the Sibos agreed that cyber security shall not be considered as a cost center, but as an investment into a bank`s financial soundness and reputation.

BRICS agree capital structure for development bank: Report

Last Updated: Thursday, August 29, 2013, 08:53

The BRICS bloc of large emerging economies have agreed on the capital structure for a proposed development bank that aims to reduce their reliance on Western financial institutions, the Wall Street Journal reported.

Resolution authority on cards to deal with financial distress: RBI

Last Updated: Thursday, May 9, 2013, 17:16

The Reserve Bank on Thursday said that a proposal is afoot to set up a resolution authority to deal with the widespread distress caused by failure of financial institutions.

`Action against fake institutions in Assam"

Last Updated: Thursday, April 4, 2013, 14:47

The Assam government Thursday said stern actions were being taken against fake financial institutions which were duping countless investors in the state.

Iran denies involvement in cyber attacks against US banks

Last Updated: Saturday, January 12, 2013, 14:08

The Iranian authorities have denied any involvement in the wave of relatively unsophisticated cyber attacks against US financial institutions’ websites.

Global financial institutions on recovery path: Experts

Last Updated: Monday, December 17, 2012, 11:35

Financial institutions are on path to recovery from the global economic crisis, an expert told a function organised by London Business School here.

EU ministers agree on bank supervisor framework

Last Updated: Friday, December 14, 2012, 10:40

The European Union's economy and finance ministers agreed Thursday on the legal framework under which the European Central Bank will supervise eurozone financial institutions starting in 2014.

'US financial institutions actively under attack by hackers'

Last Updated: Thursday, November 1, 2012, 10:56

American financial institutions are "actively under attack" from hackers, a top Obama Administration official has said.

Moody's downgrades 13 Italian banks

Last Updated: Tuesday, July 17, 2012, 08:55

Moody's dropped seven banks by one notch, the other six by two notches. They all remain investment grade. The downgrades include a drop of one notch to seven financial institutions and two notches for six others.

Govt should restrict its role in banks: RBI

Last Updated: Thursday, July 12, 2012, 23:34

The Reserve bank on Thursday expressed concern over the government "occasionally exercising" its ownership rights in banks and financial institutions through channels outside of their boards, and asked it to show exemplary corporate governance.

Spanish banks borrow a record $417 bn

Last Updated: Saturday, April 14, 2012, 11:05

Spanish financial institutions borrowed a record 316.34 billion euros (USD 417 billion) from the European Central Bank last month, according to data released by Spain's central bank.

Moody's warns may downgrade 17 global banks, securities firms

Last Updated: Thursday, February 16, 2012, 09:03

Moody's warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign that the impact of the euro zone government debt crisis is spreading throughout the global financial system.