Tag Archives: financial

ECB: bitcoin threatens Europe’s financial stability

Yves Mersch, a member of the executive committee of the European Central Bank (ECB) said bitcoin and similar unregulated cryptocurrencies pose a real risk to the established financial order.  In an interview with the German newspaper Boersen Zeitung, Mersch warned the entirely speculative nature of bitcoin’s value was a ‘cause for concern.’ Mersch also warned against banks investing in cryptocurrency. ... Read More »

Planning to study abroad? Know how forex centers can ease the financial strain

Spending a semester in London, Milan or Paris can be the most thrilling experience in one’s life. Studying abroad, however, comes at a hefty cost and often delays graduating on time if not planned carefully. Foreign education is extremely expensive yet, India has been witnessing a steep rise in number of parents making this decision for their children. Apart from ... Read More »

Govt readies financial sector’s cyber warrior

The government’s move to set up a Computer Emergency Response Team for Finance (CERT-Fin) comes at a time when there has been a burst of activity in India’s fintech space. Photo: iStock New Delhi: An expert group has proposed the setting up of an independent Computer Emergency Response Team for Finance (CERT-Fin) to be the cyber warrior of the financial sector. ... Read More »

48% say financial education would help them save for retirement

Just under half (48%) of respondents believe that financial education would help them to save for retirement, according to research by Capita Employee Benefits. Its Insight report, which surveyed 1,801 UK employees aged 16 or over, also found that 73% of respondents expect their employer to provide tailored guidance on the benefits available, as well as information on how appropriate each benefit ... Read More »

7th pay commission: Punjab University under severe financial crisis

Punjab University has submitted its report to the HRD Ministry to introduce distance courses to bring in more revenue. Punjab University RELATED STORIES Visa issue behind massive fall in number of Indian students in UK IIMC to begin post-graduate course in Urdu journalism VIT surpasses IIS Bangalore and IITs in terms of research paper publication in 2016 Delhi government to ... Read More »

Latest attack against Russian bank employees highlights the threat to financial institutions

The employees of at least six Russian banks were recently the target of a well-crafted email attack where hackers masqueraded as the Russian Central Bank to trick them into installing malware. The incident is the latest in a string of malware attacks against financial institutions over the past year. Together they signal a shift in focus for many cybercriminal groups, ... Read More »

Pain continues for financial stocks

Even as the broader market rallied Friday, one group of stocks is still seeing an unusual amount of pain. Financial stocks have been the second-worst performers this year, with the S&P 500 sector down more than 10 percent year to date. And out of 18 stocks that hit new 52-week lows on Thursday and Friday, 14 were financial names. According ... Read More »