Stay informed with free updates Simply sign up to the Chinese business & finance myFT Digest — delivered directly to your inbox. China is accelerating efforts to build a series of giant banks and brokerages as it pushes to consolidate the financial sector and make it better able to weather economic shocks. Nearly one in … Read more
The internet was launched in the 1990s based upon generations of technologies that went before. It was designed for the exchange of information, not value. Now, we live in a networked world of information and value exchange, and are trying to retrofit the mechanisms for commerce to a flawed structure. That is why we are … Read more
Mar 29, 2025Ravie LakshmananThreat Intelligence / Mobile Security Cybersecurity researchers have discovered a new Android banking malware called Crocodilus that’s primarily designed to target users in Spain and Turkey. “Crocodilus enters the scene not as a simple clone, but as a fully-fledged threat from the outset, equipped with modern techniques such as remote control, black … Read more
I recently came into some funds and, being conscious of the financial services compensation scheme (FSCS) limiting bank insurances of deposit accounts to £85,000 (€100,000 EU; $250,000 USA) have had to open new accounts to move things around. In general, the remote account opening experience with newer neobanks is pretty good. On the other hand, … Read more
EU Law as a Bulwark Against National Political Interference in the UniCredit-Commerzbank Tie-Up Few things may seem further removed from the delicate politico-constitutional dynamics of EU integration than cross-border bank consolidations. However, a heated debate on the benefits and risks of EU’s unfinished-effort to establish a Banking Union erupted on 11 September 2024, when the … Read more