Russian banks’ profit up five times to $10.1 bln in 9 months of 2016
Oct18

Russian banks’ profit up five times to $10.1 bln in 9 months of 2016

Russian banks earned profit of 635 bln rubles ($10.1 bln) in January – September 2016, the Central Bank said on Monday in its banking sector growth dynamics review. Profit of banks skyrocketed five times year-on-year. Banks earned just 127 bln rubles ($2 bln) in nine months of 2015. Profit of banks is influenced by slowdown of risk growth in dynamics of provisions for potential losses, the regulator said. Provisions grew by 6.6%...

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Sanctions on Lebanon a form of Israeli aggression
Jul14

Sanctions on Lebanon a form of Israeli aggression

Parliament Speaker Nabih Berri has denounced sanctions on Lebanese banks and other financial institutions as a form of Israeli aggression. Speaking at the Lebanese Emigrants Economic Conference in Beirut on Thursday (July 14), Berri said Israel is constantly trying to destroy Lebanon’s infrastructure and economy. Berri was apparently making reference to the US law, which calls for the closure of bank accounts of individuals and...

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Hackers steal more than $25.7 million from Russian banks
Jun01

Hackers steal more than $25.7 million from Russian banks

Russia’s Federal Security Service (FSB) jointly with the Russian Interior Ministry has stopped illegal activities of a computer hacker group involved in the creation, distribution and use of malicious software, the FSB Public Relations Center told TASS on Wednesday. “Using this software, the perpetrators have stolen more than 1.7 billion rubles ($25.7 mln) from accounts of Russian financial institutions,” the FSB said....

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Bank hackers linked to wider campaign: Researchers
May28

Bank hackers linked to wider campaign: Researchers

The hackers behind the US$81 million heist from the Bangladesh central bank have likely been involved in a series of attacks on the financial system, a US security firm has concluded. Researchers at the security firm Symantec also found that the malware used in the bank hacks shares code with that used in the massive 2014 cyberattack against Sony Pictures. Symantec said a bank in the Philippines has been attacked by the group that hit...

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