Browsing: banking

Jefferies Financial Group Inc. (NYSE:JEF) reported stronger-than-expected third-quarter earnings as investment banking and equities trading benefited from a recovery in global dealmaking. However, continued weakness in asset management and concerns about credit exposure have prevented the company’s operating momentum from translating into stronger investor confidence. With shares down approximately 30% year-to-date, the central valuation question…

Artificial intelligence may have been used in a string of cyberattacks targeting South Korea’s financial sector, the president said Tuesday, as police announced the launch of an investigation.

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French banking giant exits Ghana as North Africa’s largest banking group takes over in major deal [Photo credit: ABDELHAK SENNA/AFP

As Canada slowly but surely progresses on implementing open banking, what was initially perceived as a risk to the big banks could also present an opportunity for them, experts say.

Montgomery County, Maryland, staff accidentally shared the bank account information of more than 7,500 people, according to a memorandum to members of a council committee regarding the June incident.

While the rest of the Senate was in recess, the Banking Committee held a hearing Thursday morning featuring Trump administration nominees — a move that the panel’s leading Democrat called out of bounds.

Arete got its start helping companies tackle an existential threat: cyber extortion.

Nu Holdings Ltd. NU and Chime Financial, Inc. CHYM are both digital-first financial platforms trying to replace branch-heavy banking with simpler mobile products, lower operating costs and deeper customer relationships. Each is using technology, data and a widening product set to make its app the primary place where customers spend, save, borrow and increasingly invest.…

Zact, a commercial banking technology company, has launched the Zact Platform to bring together commercial card, expense management, payables, travel and other financial attributes together for banks. It is built for banks to modernize commercial offerings while working alongside all major processors, card networks and payment rails, according to a press release.