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Morgan Stanley fined US$35m for data breach
Some of the world’s largest banks are facing a combined US$1bn in fines for allowing employees to converse with other employees and clients using WhatsApp and similar unauthorised messaging apps.
WhatsApp: what’s the problem?
Some of the world’s largest banks are facing a combined US$1bn in fines for allowing employees to converse with other employees and clients using WhatsApp and similar unauthorised messaging apps.
Russia gas crisis poses power outage risk for banks
Banks in Europe are preparing for planned blackouts and energy rationing as Russia cuts off mainline gas supplies to the region.
Fintechs could trigger a financial crisis warn US regulators
Fintechs and large technology companies should receive greater focus from regulators and are at risk of triggering the next financial crisis, according to Michael Hsu, Acting Comptroller of the Currency in the US.
£1.1bn of Covid Bounce Back loans fraudulent
The UK Government released latest performance data for its Covid Bounce Back loan scheme earlier this week, revealing £1.1bn worth of fraud.
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