News for BFSI
Monday, May 20, 2013
Banking security is questioned after significant losses in India
A compromise in security at two Indian based card-processing companies, ElectraCard Services and EnStage, has resulted in multi-million dollar financial thefts across continents.
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Thursday, May 09, 2013
Sainsbury’s moves to outsource banking operations
Sainsbury’s has moved to outsource all retail functions of Sainsbury’s Bank as it takes full ownership of the businesses in a £248 million buyout of Lloyds bank’s 50 percent stake.
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Friday, May 03, 2013
RBS says that UK government will be able to sell stake by mid 2014
The Royal Bank of Scotland’s chairman hinted strongly today that the government would be able to sell on its stake in the bank by the middle of 2014.
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European Commission urges UK to avoid relaxing on fiscal policy
Vice president of the European Commission, Olli Rehn, has said today that the UK must continue down the road of its current fiscal policy.
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Wednesday, May 01, 2013
China sees sluggish manufacturing trend
China has seen slow growth in April, with the official purchasing managers index (PMI) falling to 50.6 from the heights of March’s 50.9.
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Friday, April 12, 2013
JP Morgan reports record profits
Banking giant JP Morgan have recorded record first quarter profits for 2013, with a rise of 33 percent in profits from the same time last year.
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Wednesday, April 10, 2013
Regulators move to investigate RBS IT failings
The Financial Conduct Authority (FCA) is to investigate RBS over IT failures from June and July 2012, which resulted in the disruption of service for customers and services.
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Friday, April 05, 2013
New IT management creates savings of 70 percent for healthcare provider
BMI Healthcare has achieved annual savings of 70 percent in IT infrastructure costs through the employment of a new IT management platform.
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Tuesday, April 02, 2013
UK expected to avoid triple dip recession
The British Chambers of Commerce (BCC) has announced that it expects the UK economy to avoid a triple dip recession.
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Wednesday, March 27, 2013
G4S faces high demand in Cyprus
Global security giant G4S is facing high workloads in Cyprus as it works to prepare for the opening of two of the struggling countries’ biggest banks on Thursday.
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