Banking Sector
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HSBC says Chinas manufacturing growth has slowed down

HSBCBritish banking giant HSBC have said China's manufacturing activity expanded at its slowest rate in three months in December.

The bank's preliminary purchasing managers' index (PMI) for the world's second-largest economy came in at 50.5 for the month, diminished from a final reading of 50.8 in November and the lowest since September.

Three More Lenders Shut Down by Bank Of Russia

Three More Lenders Shut Down by Bank Of RussiaOn Friday, The Bank of Russia said it has revoked the licences of three more lenders, in a continued bid to its recent cleanup of the banking system. The three banks have combined assets of about 138 billion rubles ($4.2 billion).

Westpac is still looking forward for lending to raise

Westpac is still looking forward for lending to raiseWestpac expects a modest growth in lending throughout this financial year, as businesses consider investing again.

With Westpac shares falling 0.26 per cent to $30.74 just after noon. Shareholder reaction was subdued.

£28m fine imposed on Lloyds For Sales Incentive Scheme

£28m fine imposed on Lloyds For Sales Incentive SchemeA fine of £28m was imposed on Lloyds Banking Group for "serious failings" which rewarded sales staff with 'grand in your hand' bonuses, even at times products they sold to consumers were believed to be unsuitable.

The Financial Conduct Authority (FCA) said the penalty was the biggest which has ever been imposed against a retail banking operation.

Huge privacy breach of bank causing increased concerns

Huge privacy breach of bank causing increased concernsANZ is completely embarrassed over a significant security break, after it coincidentally sent bank proclamations for clients' records, holding a huge number of dollars to a two-year old kid.

The bank security breach witnessed Whangarei little child Joel Morrison receive a heap of other individuals' record articulations, all of which held extensively more than his own reserve funds account of about $200.

RBS Computer Systems Hit By Cyber Attack

RBS Computer Systems Hit By Cyber Attack Yesterday, Royal Bank of Scotland websites suffered a cyber attack that left some customers unable to gain access to their accounts. This was the group's second computer crash in less than a week.

The bank issued a statement yesterday saying that sites were again running and there was no risk to customers.

Euro climbs five-week high

Euro climbs five-week highOn Thursday,  the euro climbed to trade near a five-week high against the dollar as investors placed for the European Central Banks (ECB) to keep interest rates unchanged with rising German yields providing it support.

The single currency grew 0.2 percent against the dollar to $1.3617, having hit $1.3640, its highest since late October, in early European trade on Thursday.

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