Social distancing during the coronavirus? Try banking online

If the coronavirus has you self-isolating, you’re likely more concerned about staying in touch with loved ones and carefully planning your grocery excursions than about changing your money routine. ...

FDIC warns of scams saying banks in trouble from outbreak

NEW YORK (AP) — One of the nation's bank regulators is urging Americans not to withdraw large sums of cash and to beware of fraudsters claiming that banks are limiting customers' access to their money...

Wells Fargo to pay $3B to resolve probes into fake accounts

LOS ANGELES (AP) — Wells Fargo agreed Friday to pay $3 billion to settle criminal and civil investigations into a long-running practice whereby company employees opened millions of unauthorized bank a...

Obscure Seattle election offers experiment in online voting

SEATTLE (AP) — An election for a volunteer board in the Seattle area is so obscure that voter turnout is typically less than 1%. Officials are giving online voting a trial run this year to try to boos...

Japanese owners rename Taiwan's Taoyuan baseball team Rakuten Monkeys

Japanese e-commerce giant Rakuten on Tuesday announced "Rakuten Monkeys" as the new name of the Lamigo Monkeys, a Taiwanese professional baseball team, three months after acquiring the Taoyu...

2 Russians charged in multimillion-dollar malware scheme

WASHINGTON (AP) — The Justice Department unsealed charges Thursday against two Russian men in what authorities say was one of the worst computer hacking and bank fraud schemes of the past decade. ...

ATMs in Taiwan to go smart in age of digital banking

TAIPEI (Taiwan News) — Taiwan will continue to promote cashless payments while working to upgrade the country’s ATMs in the era of digital banking, said its financial regulator on Tuesday ...

Taiwan Central Bank Chairman discusses risks posed by global economy

TAIPEI (Taiwan News) – Taiwan's Central Bank Chairman Yang Chin-long (楊金龍) gave a speech at the "Financial and Economy Forecast Seminar" at National Taiwan University on Friday (Oc...

Taiwan approves three online banks

TAIPEI (Taiwan News) – The Financial Supervisory Commission (FSC) on Tuesday (July 30) unexpectedly approved all three applications it had received for Web-only banks. Previously, the governm...

Huge international cybercrime ring dismantled

A complex cybercrime network that operated from Eastern Europe and fleeced victims — including small businesses and charities — of some $100 million has been "dismantled" by poli...

Huge international cybercrime ring dismantled

A complex cybercrime network that operated from Eastern Europe and fleeced victims — including small businesses and charities — of some $100 million has been "dismantled" by poli...

UniCredit profits up 25 percent, best 1Q in a decade

MILAN (AP) — Italy's largest bank by assets, UniCredit, posted its best quarter in a decade, with a 25% boost in first-quarter profits as the bank pushes ahead with a reorganization plan that includes...

Swiss charge woman who sweet-talked her way to $2M bank scam

GENEVA (AP) — Swiss authorities say they have indicted a woman who convinced dozens of people to hand over their online banking details over the phone from the Netherlands. Federal p...

CTBC Bank ATM crash in Taiwan cleared of hacking and malware infections

TAIPEI (Taiwan News) – The culprit behind the system crash across the CTBC Bank’s (中國信託商銀) ATMs and online banking platforms on the afternoon of Oct. 18 has been identified as a system abn...

CTBC Bank ATM system crashes due to system error

TAIPEI (Taiwan News) – CTBC Bank’s (中國信託商業銀行) ATM system crashed on the afternoon of Oct. 18, causing disruption to payments, online banking, and lottery ticket sales, reported CNA. CTB...