You Searched For "Swift system" and got 19 results
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2 mins read
Russia edges closer to being banned from SWIFT banking system as more EU countries support move
Cutting Russia out of the SWIFT system would effectively break off the country from the global fina…
Zahra Tayeb
2 mins read
Nirav Modi Scam: How to game an age-old banking system for $1.6 billion
But what is SWIFT? And how is a password enough to send $ 1.6 billion down the drain? The …
3 mins read
Cyber criminals have found a way to break into the fabric of international banking
There is a malware that aims to reduce financial institutions' abilities to evidence fraudulent tra…
Oscar Williams-Grut
2 mins read
China's yuan is displacing other top global currencies in trade, but not the US dollar
"The higher share of CNY in trade invoicing doesn't seem to be dethroning USD, but rather pushing o…
Filip De Mott
4 mins read
China and Russia are working on homegrown alternatives to the SWIFT payment system. Here's what they would mean for the US dollar.
China has ambitions to make the yuan the most dominant reserve currency in the world, but it has a …
Huileng Tan
2 mins read
Oil and gas prices jump after Western allies bring in tougher sanctions on Russia that could choke its exports
The US and its allies agreed to exclude a number of Russian banks from the SWIFT system, which coul…
Shalini Nagarajan
2 mins read
Moscow is now the fourth largest offshore trading hub for the Chinese yuan, as sanctions spur Russia's dash to an alternative currency
Russia's central bank chief said the yuan's influx into the country's system typifies a "transforma…
Huileng Tan
2 mins read
Moscow is now the fourth largest offshore trading hub for the Chinese yuan, as sanctions spur Russia's dash to an alternative currency
Russia's central bank chief said the yuan's influx into the country's system typifies a "transforma…
Huileng Tan
2 mins read
One of the world's biggest money transfer systems discovered a 'wide and highly adaptive' hacking campaign
Authorities are still investigating the February attack, according to Reuters, with authorities wit…
Matthew Nitch Smith
2 mins read
US, EU announce some Russian banks will be disconnected from the SWIFT banking system
Western nations agreed to disconnecting "selected Russian banks" from SWIFT to "ensure that this wa…
Michelle Mark,Zahra Tayeb
1 min read
Russia's top banks have started lending out yuan and transferring China's currency outside the SWIFT system
"I don't think Russia will return to such a situation of the dollar's influence on the domestic eco…
Brian Evans
3 mins read
Here's why Swift — the global banking system's group-text — could be the next big step for sanctioning Russia
Swift helps more than 11,000 banks around the world communicate. Cutting Russia out would bring sev…
Ben Winck
2 mins read
Russia and Iran are combining their banking systems to get around being banned from SWIFT
"The financial channel between Iran and the world is being repaired," Mohammad Farzin, Iran's chief…
Jennifer Sor
3 mins read
A SWIFT ban for Russia may sound important but there are many ways the country can get around it, according to experts
According to Mitch Thomas, a SWIFT ban does have some utility but the initial thoughts of how deepl…
Zahra Tayeb
2 mins read
Billionaire investor Bill Ackman says he wouldn't trust Russian banks after SWIFT sanctions – as bank runs begin in Moscow
"If I were Russian, I would take my money out now," hedge fund titan Bill Ackman said after the US …
Harry Robertson
1 min read
Russia says it will no longer disclose the names of organizations that use its alternative to the SWIFT payment system
Some Russian banks have been banned from the SWIFT banking system due to sanctions over the Ukraine…
Huileng Tan
4 mins read
Iran achieved a major economic objective in the nuclear deal
But the most important part of the sanctions regime offers no such leeway. As Mark Dubowitz and Jon…
Armin Rosen
1 min read
A great new technology has been introduced to cut down on the massive export delays at ports
If the new platform being developed gets completed, companies will get to know in advance when to m…
2 mins read
Ticketmaster apologizes to Taylor Swift, fans after the singer slammed the company over Eras Tour ticket sales chaos
Swifties were outraged on Thursday after Ticketmaster canceled general ticket sales for Swift's The…