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Banks overtake tech stocks as top overweight sector: BAML poll

Banks overtook tech stocks as the most overweight global sector in July with 'long Nasdaq' deemed the most crowded trade for the third straight month.

TECH

Telecoms group Altice to launch online bank in Europe

French billionaire Patrick Drahi plans to launch an online bank by early 2019 in the European countries where his telecoms and cable firm Altice operates.

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Italy arrests two for hacking into e-mails of ECB's Draghi, former Italy PM Renzi

Italian police arrested two siblings on Tuesday for hacking into the e-mails of European Central Bank President Mario Draghi, former prime minister Matteo Renzi and thousands of others.

TECH

SWIFT network wasn't hacked in US$81mil Bangladesh heist: CEO

SWIFT's payment network was not hacked in the US$81mil (RM326.28mil) heist on the Bangladesh central bank earlier this year, SWIFT's chief executive said, adding it was unlikely to be the last such attack on a bank.

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ECB to set up cyberattack warning system for banks

The European Central Bank will set up a database to register incidents of cyber crime at commercial banks, aiming to create an early warning and analysis system for big lenders, it told a German newspaper.

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ECB says blackmailed after contact data stolen

The European Central Bank has received a blackmail letter after its public website was hacked and contact data stolen, the bank said on Thursday.