Royal Bank of Scotland fined for 2012 IT system failure
Royal Bank of Scotland has been fined £56 million for IT failures in 2012 that led to a complete breakdown in its payment processes.
Articles by this author
Israeli bank faces cyber crime threat
In what could be one of the biggest cases of cyber extortion in Israel, eight former Bank Leumi employees threatened to sell information about two million of the bank’s credit card accounts unless they were paid a ransom.
British banks under fire for under-reporting fraud
British banks could be reluctant to report the true extent of cybercrime for fear of spooking customers, a Treasury Select Committee heard.
“Big four” UK banks to face competition enquiry
The market for current accounts and small business banking is set to be shaken by a Competition and Markets Authority probe investigating a lack of competition against the "big four" high street names.
BNP returns to profit after crippling US fines
BNP Paribas has returned to profit in the third quarter after a record fine for violating US sanction controls in Sudan, Iran and Cuba.
Italian banks fail ECB stress test
The European Central Bank failed twenty-five lenders in its Europe-wide stress test, with most of the banks still in need of funds residing in Italy.
PwC expands pensions team
PwC has expanded its pensions team with the appointment of Tim Reay as a director, advising PwC’s global multinational clients on pension issues, including global governance, benefit strategy, plan design, financing, valuation and monitoring.
