Latest News – Page 349

Big Tech and Banks Clash Over Compensation for Fraud Victims

A clash has emerged between banks and major tech companies regarding who should carry the main responsibility for reimbursing fraud victims. This conflict arises as...

Assessing Natural Capital: Its Importance and Methods

Kickstarting Sustainable Finance Live 2024 at Events@No6 in London, Richard Peers, founder of ResponsibleRisk and a contributing editor at Finextra, delivered an introduction that outlined...

SumUp in No Rush for IPO After Exceeding One Billion Annual Transactions

UK payments group SumUp has announced that it is not rushing to go public, as it has recently surpassed one billion transactions annually. The company...

Qonto Unveils Plans for European Expansion

French neobank Qonto is set to open new offices in Austria, Belgium, Portugal, and the Netherlands as part of its European expansion plan. Founded in...

The Importance of ESG Data in the Natural Capital Market

Founder of ResponsibleRisk, Richard Peers, moderated a session at Sustainable Finance Live titled ‘What is the role of impact and ESG data in ensuring economic...

Crypto.com Takes Legal Action Against SEC Following Wells Notice

Crypto.com has initiated a lawsuit against the Securities and Exchange Commission (SEC) following a Wells notice from the regulator indicating potential enforcement action. In its...

TSB Faces £10.9 Million Penalty Due to Poor Systems and Staff Incentive Schemes

The FCA has fined TSB Bank £10,910,500 for failing to treat customers in arrears fairly. In imposing the penalty, the regulator noted that the UK...

TD Bank Penalty: $3 Billion Fine Following Guilty Plea for Money Laundering

TD Bank has agreed to pay $3 billion in penalties after pleading guilty to violations of U.S. anti-money laundering federal laws. Court documents reveal that...

JPMorgan Chase Takes Legal Action Against Customers Exploiting Viral ‘Infinite Money Glitch’

JPMorgan is taking legal action against customers who exploited a glitch in the bank's cheque deposit service, allowing them to withdraw significant amounts of cash...

Ireland to Empower National Cyber Security Centre with Emergency Authority

Proposed legislation aims to empower Ireland's cybersecurity agency to monitor all internet traffic in the country during a "pressing national security threat." Richard Browne, director...