UK bank customers lost £1.3bn to fraud and scams in 2021
Figures published by trade body UK Finance revealed that criminals stole more than £1.3bn in 2021 from UK bank customers…
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People’s Bank of China and BIS create Renminbi Liquidity Arrangement
The People's Bank of China (PBC), the central bank of the country, has signed an agreement with the Bank for…
Saudi Central Bank provides $13bn capital support to lenders
Saudi Arabia’s central bank has made a capital injection of about SAR50bn ($13bn) to help Saudi banks deal with the…
Ireland penalises AIB for mortgage handling lapses
The Central Bank of Ireland has imposed a record fine on Allied Irish Bank (AIB) for breaching regulations that affected…
US banks clear Federal Reserve’s annual stress test
The Federal Reserve has cleared all major US banks in the annual stress test that shows the lenders will remain…
Hybrid working behind fraud spike as Britain becomes more cashless
A new report reveals that fraud has risen on the back of the pandemic, but so has the push towards…
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Japan and Indonesia agree on fintech cooperation framework
Japan and Indonesia have agreed to collaborate to support innovation in the financial sector. The regulatory agencies of the two…
UK regulator proposes new rules to protect access to banking services
The Financial Conduct Authority (FCA) has proposed new rules to ensure customers in the UK have access to banking services. As part…