Banking Sector
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JPMorgan Chase’s Everyday Dress Code to be Business Casual

JPMorgan Chase’s Everyday Dress Code to be Business Casual

The most formally dressed up industry may have been the banks in the country but it appears that they are also allowing their employees to relax a bit on this count. On

Friday, reportedly JPMorgan Chase told 237,420 workers that it was changing its everyday dress code, business casual. This is a move that seems to be taken by JPMorgan to make its employees comply with the changing recent casual nature of today's work environment.

Hackers leak credit card details and passport scans of InvestBank customers

Hackers leak credit card details and passport scans of InvestBank customers

Unknown hackers have been able to leak sensitive data from the database of the InvestBank of the United Arab Emirates (UAE).

Someone uploaded a 10GB file online with a range of sensitive financial data from the bank including credit card details and passport scans. Initial analysis of the ZIP file shows that it contains tens of thousands of credit card numbers, names and addresses of the customers of the bank. The upload includes folders listed as 'Account Master', 'Customer Master' and 'Branch Master'.

UAEamong top ten remittance senderglobally, World Bank

UAEamong top ten remittance senderglobally, World Bank

According to a new report by the World Bank, the United Arab Emirates is among the largest sender of remittance in the world as expatriates sent a massive $19 billion or Dh70 billion to their friends and families in a year.

Goldman Sachs’s Online GS Bank is a Bank for Masses with minimum $1deposit

Goldman Sachs’s Online GS Bank is a Bank for Masses with minimum $1deposit

Goldman Sachs, the multinational investment banking firm launched the GS Bank. It is an FDIC-insured, online savings bank which will be a common man's bank and that means Goldman Sachs (GS) is now paving its way to be the bank for masses. The internet based bank will be available to anybody who has an internet connection and $1. That surely makes a difference from the company's minimum $10 million private wealth management accounts.

Some of the Big U.S Banks Note a Rise in Bad Loans

Some of the Big U.S Banks Note a Rise in Bad Loans

Bad loans to companies had a steep climb to 67 percent at three of the largest American banks in Q1. It marks the most recent sign that corporate credit quality is wearing away with continued drop in energy prices.

Bank of America Corp., JPMorgan Chase & Co. and Wells Fargo & Co., saw their bad loans rise to the highest levels in almost three years. According to the executives, currently the weakness is restricted to oil, gas and the connected industries.

CBN Indicates the Real Sector Special Funding Plan is Still Alive

CBN Indicates the Real Sector Special Funding Plan is Still Alive

Last week, speculations said that Central Bank of Nigeria (CBN) might technically abandon its plan of funding approximately N760 billion into the real sector special credit facility. But the plan seems to be still alive.

Wells Fargo & Co gets an Average “Strong Buy” Rating from Equity Analysts

Wells Fargo & Co gets an Average “Strong Buy” Rating from Equity Analysts

San Francisco, California based Wells Fargo & Company is a bank holding company with three operating segments. It provides banking, retail, mortgage, commercial and corporate banking services via different channels to individuals as well as businesses in all fifty state in the U. S, the District of Columbia along with other countries.

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