Stop the Presses: Vanity Fair has released its list of Hollywood’s Top 40 Highest Earners and while Avatar lensman James Cameron predictably rose to the top of the heap — with an estimated annual salary of $257 million — you may be surprised to learn that Twilight’s Kristen Stewart banked more than Jennifer Aniston and [...]
Posts Tagged ‘Banking’
Oversea-Chinese Banking Corp rated ‘buy’ by UOB Kay Hian
UOB Kay Hian in a Jan 12 research report says: “We expect OCBC to achieve broad-based loan growth from both businesses and consumers in 4Q10. Overseas markets in Indonesia and China also registered strong growth. We expect some moderation in earnings in 4Q10 post a record quarter for OCBC in 3Q10.
DMG stays neutral on Singapore banks; UOB top pick
New security features to make online banking safer
Fraudsters keep on finding ways to steal money from accounts online. But banks are also stepping up their security measures to protect online money transfers. Online banking was first introduced to the world 30 years ago in Germany, when the Verbraucherbank AG bank set up a system to allow customers to transfer money from computer [...]
Apple, BlackBerry Smartphones Get Mobile Banking Apps
Royal Bank of Canada customers can be the first Canadians to enjoy banking on the go. The RBC has released a mobile banking app for Apple iPhones, iPad and the iPod Touch, as well as BlackBerry devices. – The Royal Bank of Canada has become that countrys first bank to
launch a mobile banking application for select smartphones namely,
RIM BlackBerry devices and Apples iPhones, iPod Touch and iPad.
The free applications enable users to view account balances for
business and personal accounts, …
DBS to take over some RBS banking businesses in China: Update
DBS Group Holdings, Southeast Asia’s biggest bank, said it will take over Royal Bank of Scotland Group Plc’s retail and commercial banking businesses in China.
RBS will transfer close to 25,000 clients in Shanghai, Beijing and Shenzhen to DBS China, Singapore-based DBS said in a statement today. DBS didn’t spend any money on the deal, Melvin Teo, chief executive officer of DBS China, said at a news conference in Shanghai.
DBS to take over some RBS banking businesses in China
DBS Group Holdings, Southeast Asia’s biggest bank, said it will take over Royal Bank of Scotland Group Plc.’s retail and commercial banking businesses in China.
RBS will transfer close to 25,000 clients in Shanghai, Beijing and Shenzhen to DBS China, Singapore-based DBS said in a statement today. DBS didn’t spend any money on the deal, Melvin Teo, chief executive officer of DBS China, said at a news conference in Shanghai.
DBS China to take over RBS’s retail and commercial banking portfolios
DBS Bank and RBS today entered into an agreement to transfer RBS’ retail and commercial banking customer base, business portfolios and related employees in Shanghai, Beijing and Shenzhen to DBS China.
With this strategic agreement, DBS says close to 25,000 retail and commercial banking RBS customers in Shanghai, Beijing and Shenzhen will be given the option to transfer their existing accounts and deposits to DBS China.
Hundreds of Banking Sites Vulnerable to RSA Security Flaw, Researcher Finds
Hundreds of banking Websites are still vulnerable to a patched vulnerability affecting certain versions of the RSA Adaptive Authentication platform. – RSA, EMCs security division, is advising customers to apply a
two-year-old patch for its Adaptive Authentication product after a
researcher discovered hundreds of banking Websites are still open to
attack.
RSA Adaptive Authentication is a risk-based fraud prevention and authentication platform t…
Zeus Trojan Merger with SpyEye, Other Banking Malware Worry Researchers
A slew of Zeus Trojan variants and a merger between the two largest botnets have security researchers worried about future banking malware attacks. – The developers behind the Zeus and SpyEye Trojans have joined forces to
create one major botnet, with sophisticated capabilities to attack user bank
accounts, according to security researchers.
Malware authors aren’t sitting still as law enforcement
officials arrest
cyber-gangs stealing milli…
Bank of England Chief Mervyn King Proposes Eliminating Fractional Reserve Banking
Mervyn King – the governor of the Bank of England – has proposed abolishing fractional reserve banking.As the BBC noted last week:Mervyn King, the governor of the Bank of England, has tonight made a big intervention into the debate on banking reform. …
SBI-AISECT introduce mobile banking services
Financial Inclusion Scheme has taken a new turn with the State Bank of India (SBI) launching mobile banking services in Madhya Pradesh (M.P.) in collaboration with Bhopal-based organization AISECT. This is the first time such a service has been introduced under Financial Inclusion in any state of the country. Two mobile vans, fitted with ATM [...]
Societe Generale Private Banking – Corporate moves
Steven Lim has been appointed CEO, SG Trust (Asia) Ltd wef September 2010
Work experience: More than 23 years’ experience in the financial, trust and wealth management industry in the region
Stanchart on hiring spree for SME business
The UK-based emerging markets-focused lender aims to hire 1,200 relationship managers to serve small and medium enterprises in the next three years, and will offer a broader range of services such as managing foreign exchange risks and coping with volatile commodity prices.
U.K. Police Bust 19 for $9.5M Online Banking Heist
Police say the cyber-crime ring swiped the money during a three-month period using the notorious Zeus Trojan. – Scotland Yard has arrested 19 people in connection with a
cyber-crime ring accused of stealing millions from bank accounts in
Europe.
Officers from the MPS (Metropolitan Police Services) Police Central
e-Crime Unit arrested 15 men and four women in predawn raids Sept. 28
in London. They group i…
Internet Scams and Phishing: A Look Inside the Business
From the fake IRS e-mails that hit in-boxes during tax season to the phony banking sites that look to trick users into entering sensitive information, phishers are still up to their old tricks. Just how much was underscored recently by a three-month investigation by Panda Security that found scammers are creating 57,000 fake Websites a week to exploit 375 popular brand names, such as eBay and Western Union. Ironically, research has shown very few people respond to phishing e-mails. A report prepared last year by Trusteer analyzing phishing events from 10 large banks in Europe and the United States for three months found only a very small number of the banks’ customers (0.000564 percent) fell victim to phishing attacks. Still, 45 percent of those people who actually visited phishing sites entered their information, and those numbers translated to losses of between $2.4 million and $9.4 million annually per million online banking customers. These fake Websites are not just used for phishing, though. Sometimes they are used to trick victims into downloading malware or buying fake goods. It’s a big business& one eWEEK took a look at with help from security researchers. Here are examples of some of the sites created by scammers to hook victims. – …
Societe Generale Private Banking – Corporate moves
Olivier Gougeon has been appointed CEO, South Asia wef Sep 1
Work experience: Deputy MD, SGPB Hambros Bank and Trust, Bahamas; global head, wealth planning and fiduciary services, Societe Generale Private Banking
DBS appoints Tan Kong Khoon as group consumer banking head
DBS Group Holdings announced today that it has appointed veteran banker Tan Kong Khoon, 53, as Group Executive and Head of Consumer Banking. Tan joins DBS on Dec 1 from ANZ Bank, where he was most recently Head of Retail Banking and Wealth Management, Hong Kong and North East Asia.
DBS says Tan will be a member of the Group Management Committee, reporting to Chief Executive Officer Piyush Gupta. A banker of 29 years, Tan, a Singapore citizen, began his banking career at DBS in Singapore in 1981. Since then, he has successfully built consumer banking franchises across multiple markets in Asia, including Singapore, Hong Kong and Thailand.



