Global Banking Directory
Press Release Distribution Service
Add Bank | Banking Forum | Scam emails!
Advertise Your Business Here
BanksDaily Twitter BanksDaily FaceBook BanksDaily LinkedIn

Financial and Banking News

Polish banks were attacked by thieves

Some banks in Polnad including the local units of UniCredit SpA and ING Groep NV were attacked by thieves who stole customers' ATM card information and cleaned out their accounts by withdrawing money just before Christmas.

PKO Bank Polski SA, the country's largest bank, blocked 320 cards that were used in the central Polish town of Aleksandrow Kujawski, Izabela Swiderek-Kowalczyk, a spokeswoman for the bank, said by phone. She declined to give the value of the losses. ING Bank Slaski SA canceled dozens of cards in recent days because of suspected fraud. Bank Zachodni SA, a unit of Allied Irish Banks Plc, blocked 166 cards on Dec. 23 in Kolobrzeg, northwestern Poland.

Most of the 30 million cards issued by Poland's banks have only magnetic strips rather than microprocessor chips, making it easier for thieves to scan their information, according to the Polish Banks Association. All cards will have chips by 2011, the group says.

"It's a rule that the attacks come in periods when clients are less cautious" about devices attached to ATMs "or are performing many transactions, such as before the holidays or during the vacation season," Piotr Utrata, a Slaski spokesman, said by phone.

Brian Sullivan, a Warsaw English teacher from Byram, New Jersey, lost more than 5,000 zloty ($1,605) from his account at Bank Pekao SA a few days before Christmas last year.

The thieves managed to withdraw more than the daily limit for his card at ATMs in Bulgaria. The bank told him he'll get his money back within a month from the date of the theft.

Source: Bloomberg.com
Date: 13.01.2009 [213]

Financial and Banking News
 Trump blasts Bitcoin, Libra, demands they face banking regulations

U.S. President Donald Trump on Thursday criticized Bitcoin, Facebook's proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to U.S. and global regulations if they wanted to "become a bank." 11.07.2019 | Source: Reuters

 25th World Islamic Banking Conference announces 4th series of WIBC Leaderboard

Top performing Islamic Financial Institutions from Bahrain, Egypt, Indonesia, Jordan, Kuwait, Malaysia, Oman, Pakistan, Turkey, UAE and Saudi Arabia are vying for the WIBC Awards recognizing the Best Performing Banks at the Global and Regional level. 28.10.2018 | Source: MEGA

 Financial technologies are need of the hour for Banks in India

The Indian FinTech space is expected to reach $2.4 billion by 2020 and 2018 will be a critical year in that journey because 52 % of India's digitally active consumers are adopting FinTech and are the driving force for new technology adoptions. 02.03.2018 | Source: Explore Exhibitions and Conference

 📰 News Archive

2019 © Global Bank Directory