Tag: banking

Nationwide Disruption in Japan’s Banking Network In a major breach of Japan’s banking infrastructure, the country’s interbank network, Zenkin Net, experienced a significant system malfunction. The ...

Asia-Pacific markets are set to fall ahead of China’s inflation and trade data for September. China is slated to release inflation numbers early Friday. Analysts polled by Reuters expect the country’s ...

The Consumer Financial Protection Bureau is preparing to take a closer look at credit card rewards programs. CFPB Director Rohit Chopra said his agency is eyeing new guidance for how the Electronic ...

After settling on Thursday with the Federal Trade Commission (FTC), bankrupt crypto company Voyager is permanently banned from handling consumers' assets. When a bank or financial service is FDIC ...

Market-based improvements to cryptocurrency safety are more likely to draw wary investors to digital assets than better regulation, a recent survey covering nine countries found.

The unraveling of FTX's misuse of customer funds also exposed the risks of using crypto wallets controlled by centralized trading platforms, prompting users to seek self-custodial wallets. While FTX's demise and the subsequent troubles of its affiliated companies have dampened the crypto market,

As economies continue to digitize, Japan is set to launch its first bank-backed digital currency in 2024. On October 12, digital currency and electronic payments business DeCurret Holdings released a ...

Many observers see the trial of Sam Bankman-Fried, founder and former CEO of now-bankrupt crypto exchange FTX, as a referendum on the industry, which has recently inched closer to mainstream ...

Friday the 13th is considered the unluckiest of days due to various superstitions and indeed that date has historically been bearish for the ...

Sam Bankman-Fried was the 'richest self-made newcomer in Forbes 400 history.' I told my parents it's the equivalent of indicting Warren Buffett.

Japan's Nikkei share average jumped on Thursday as investors scooped up beaten-down stocks following heavy sell-offs, with chip-related shares leading the charge. The Nikkei index rose 1.75% to 32,494 ...

Bank of Japan board member Asahi Noguchi said on Thursday that the biggest focus for the Japanese economy now was to ensure that momentum for wage growth stayed in place, with a 3% rise in nominal pay ...

A major system failure at Japan’s Zengin-net payment clearing network has caused widespread disruptions in money transfers between banks, affecting transactions for 11 banks including MUFG Bank, ...

Overall bank lending in Japan was up 2.9 percent on year in September, the Bank of Japan said on Thursday - coming in at 607.742 ...

Asia-Pacific markets are set to rise as investors look ahead to key U.S. consumer inflation data, which will inform the Federal Reserve's rate decision in its policy meeting beginning Oct. 31. In ...

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