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Retail banking

Hong Kong Monetary Authority has issued a warning relating to a suspicious internet banking mobile application (App) related to Wing Lung Bank Limited.

Editorial Staff
BIScom Subsection: 

No one can accuse the South Koreans of rushing into things: the Financial Services Commission has just approved the country's first internet-only bank to commence operations. It's the first bank (of any kind) to launch for 24 years.

Editorial Staff
BIScom Subsection: 

You know all that fuss in India about withdrawing bank-notes in a so-called but misnamed "demonetisation" scheme? Well, they were high value notes. What would happen if a country decided to withdraw a low-value coin and replace it? We will all find out in the UK in just a few weeks.

Editorial Staff
BIScom Subsection: 

In July 2010, Euromoney reported "regulators in Gibraltar say they shut [Reincarnation Bank] down, it subsequently re-emerged six months later." It's had a checkered history, but today, you can still visit a website with that name.

Editorial Staff
BIScom Subsection: 

 


 

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