ChrisMayLA6, to money
@ChrisMayLA6@zirk.us avatar

When the UK’s deputy foreign secretary has to admit that around 40% of all money laundered globally likely flows through London & the Crown Dependencies, you can bet that such an estimate will be on the low side.

There are many reasons that the UK's global reputation is increasingly tarnished & the work in financial services to hide & process criminal/illegal funds is contributing to that malaise.

So much for the value of financial services to the UK

https://www.theguardian.com/world/article/2024/may/14/nearly-40-of-dirty-money-is-laundered-in-london-and-uk-crown-dependenies

thejapantimes, to business
@thejapantimes@mastodon.social avatar

President Emmanuel Macron has said he would be open to seeing a major French bank being taken over by a European Union rival in order to spur the deeper financial integration he sees as critical for the bloc’s future prosperity. https://www.japantimes.co.jp/business/2024/05/14/companies/macron-french-banks-europe/

PC_Fluesterer, to Banking German
@PC_Fluesterer@social.tchncs.de avatar

PayPal teilt Daten mit “Partnern”

Daten mit "Partnern" Teilen heißt natürlich: Daten verkaufen. Mit Benutzerdaten wird schwunghafter Handel betrieben. Die "Partner" der ersten Stufe verkaufen die Daten weiter, und zwar in beträchtlichem Umfang. So partizipieren plötzlich hunderte andere Firme

https://www.pc-fluesterer.info/wordpress/2024/05/13/paypal-teilt-daten-mit-partnern/

Wen, to climate
@Wen@mastodon.scot avatar

How Climate Disasters Could Destabilize Major Banks

https://www.scientificamerican.com/article/how-climate-disasters-could-destabilize-major-banks/

The chickens are coming home to roost. A short article that discusses the very likely problems that climate change will induce in the banking industry. That is the one that has colluded in much of the damage that has and is being done at the moment.

jeridansky, to Banking
@jeridansky@sfba.social avatar

I just got emails that sure looked like official messages from my bank saying I'd added a Zelle recipient and sent him a bunch of money.

Of course I didn't click on any of the links; I just went to my bank's website and checked my accounts, and everything is fine. Also: The Zelle messages referenced an account ending in four digits which match none of my bank accounts.

So a warning that fake messages like this are circulating.

ChrisMayLA6, to Banking
@ChrisMayLA6@zirk.us avatar

Some (qualified) better news on the forced cashless society:

Cash Access UK (set up by the major banks) has committed to have opened 100 community banking hubs by the end of the year. This hubs offer joint services across the constituent banks.

It remains to be seen whether this deal with some of the companies about lack of banking services (including access to cash)... and from a local point of view, when one turns up in the Lune Valley's banking desert.

#banking #cash #inequality

h/t FT

manon, to DigitalNomadHub German
@manon@metalhead.club avatar

Frage an diejenigen mit Geschäftskonto hier:
Seid ihr von eurer Bank jemals nach einer Pass-Kopie eines Kunden gefragt worden, um die Rechtmäßigkeit einer Zahlung nachzuweisen?

Gerne Boost für mehr Reichweite.

ChrisMayLA6, to Banking
@ChrisMayLA6@zirk.us avatar

Q. did Goldman Sachs bankers vote for Brexit?

Well, whether they did or did not, theirs is the first bank to take advantage of the UK's move away from EU regulations (and the scrapping of the cap on bonuses) to reveal that they have now removed their cap on the bonuses Goldman Sachs traders & bankers can earn.

I for one am relieved that untrammelled greed can return to this august institution - after all as Gordon Gecko (albeit a fictional banker) reminded us: greed is good!

fkamiah17, to Banking
@fkamiah17@toot.wales avatar

Colour me stunned to see Deustche Bank on there.

https://www.ft.com/content/cd6c28e2-d327-4c2a-a023-098ca43eacfb

murb, to Banking Dutch
@murb@todon.nl avatar
obrhoff, to Banking German
@obrhoff@chaos.social avatar

Sehe ich das richtig? Bei einigen Sparkassen kostet die Push Nachricht bei Kontobewegung Geld?
Gefühlt sage ich es mir jeden Tag. Ich bin seit dem Knax Konto aus den 90zigern dabei, aber jetzt ist genug.

NGI_Taler, to tech
@NGI_Taler@s10y.eu avatar

🗞 GNU TALER is featured in the latest issue of the highly esteemed magazine Linux User!

💡 Many thanks to Frank Hofmann for spreading the word with his article about our work!

📖 You can buy it in print today all over Germany, or online here https://www.linux-community.de/ausgaben/linuxuser/2024/05/gnu-taler-als-anonyme-elektronische-geldboerse/

@Taler

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