The first cryptocurrency created by a major U.S. bank is here — and it's from J.P. Morgan Chase. The lender moves more than $6 trillion around the world every day for corporations in its massive wholesale payments business. In trials set to start in a few months, a tiny fraction of that will happen over something called "JPM Coin," the digital token created by engineers at the New York-based bank to instantly settle payments between clients.

Motherboard has identified a specific UK bank that has fallen victim to so-called SS7 attacks, and sources say the issue is wider than previously reported.

Banks in France are reportedly either outright closing down, or experiencing “ATM glitches,” as the Yellow Vest’s planned “bank run” enters it’s first scheduled day today. Many believe that for every $100 of deposits, French banks have an average of $3000 of loaned money: a ratio of nearly 30 to one. This means that out of a population of 67.12 million, a bank run of only 2 million citizens could be absolutely catastrophic for France, and by extension the EU.

The EU has fined Mastercard €570 million for limiting competition between banks offering cheaper payment fees. The European Commission said Mastercard's actions harmed consumers and retailers in the bloc.

Most big banks seem to be friendlier to small businesses in recent years. In 2014 alone, major banks lent around $45 billion to small business owners worldwide. While this number might seem to be a lot, it is down 38 percent from the high of $72 billion in 2006. With fewer business loans approved by banks, alternative funding sources try to fill in the gaps.

German authorities descended on Deutsche Bank AG, including its downtown Frankfurt headquarters, in a coordinated raid related to a money-laundering investigation. More than six police vehicles, their blue lights flashing, pulled up to Deutsche Bank’s main offices shortly before 9 a.m., in an operation involving about 170 officers.

This Infographic will describe you about CRISIL Rating and how does effect on FD. Bajaj Finance has received ICRA’s MAAA and CRISIL’s FAAA rating which is the best for stability as per industry standards.

In an earlier post, we had explored the possibility of the electric car company of Tesla accepting Bitcoin (BTC) and other cryptocurrencies as a way for customers to purchase the revolutionary eco-friendly vehicles. We had also observed that Bitcoin energy consumption had not been properly analyzed and compared to the entire spectrum of traditional banking and financial activities.

An art installation titled “Hang On a Minute Lads, I’ve Got a Great Idea” by British artist Richard Wilson — at The Peninsula hotel in Hong Kong, in 2015 — is based on a scene from the movie “The Italian Job”. It is only October and already the UK economy has set a dubious new record for the year: Leveraged loans to British companies have hit about £40 billion ($52 billion), according to the Bank of England. Prior to the financial crisis, new issuances of such loans only totalled £30 billion ($39 billion).

Danske Bank, Denmark's largest lender, has found itself at the centre of one of the world's biggest money-laundering scandals. EU Justice Commissioner Vera Jourova has described the $235bn of suspicious transactions as "the biggest scandal we have now in Europe". Here's how it unfolded...

The US-CERT has released a joint technical alert from the DHS, the FBI, and Treasury warning about a new ATM scheme being used by the prolific North Korean APT hacking group known as Hidden Cobra. Hidden Cobra, also known as Lazarus Group and Guardians of Peace, is believed to be backed by the North Korean government and has previously launched attacks against a number of media organizations, aerospace, financial and critical infrastructure sectors across the world.

London’s vast financial services industry must never again be the “master of the economy”, the shadow chancellor, John McDonnell, will say on Saturday in a speech accusing bankers of profiting from speculation at the expense of ordinary people. The veteran socialist who is now seeking to reassure business, promises higher taxes and tougher regulation on banks on the 10th anniversary of the collapse of Lehman Brothers – the pivotal moment in the global financial crisis.

Under pressure to meet steep sales goals and incentives, Wells Fargo employees created over a million fraudulent accounts in their customers’ names.

Bank of America has been accused of asking citizenship questions and for proof of residency, then freezing customers’ accounts after failing to properly recognize their current residency status. By Rob Wile.

Pantera Capital officials continue to maintain an upbeat outlook for cryptocurrency amidst the current market downturn. In an ICO and digital asset funds conference call Tuesday, CEO and chief investment officer Dan Morehead said blockchains are the next step in the evolution of equity, while cryptocurrency is a superior form of currency. He called bitcoin the biggest disruption of this generation.

Do “financial services” include banking? Not according to the Trump administration… By David Sirota.

Wells Fargo said it has set aside $8 million to compensate customers that were wrongly denied mortgage modifications.

Let’s face it… Many financial institutions look and sound alike. They all offer basically the same products and services — from standard checking accounts and home loans to online banking. This presents unique challenges to financial marketers looking to differentiate their brand from others. Fortunately, there are ways that banks and credit unions can enhance …

"I do believe we will hear from the government soon to find out who did it," said Richard Overton's cousin, Volma.