Banks team up for online payment system

Online and mobile customers of three major banks will be able to instantly zap funds from their accounts to other depositors at the banks under a program to be rolled out across the country over the coming year.

Financial Crisis Reduces Economic Freedom in China and the West

(PhysOrg.com) -- The current financial crisis may reduce economic freedom as governments are likely increase intervention in a bid to protect their own economies - according to a study in Pacific Focus published by Wiley-Blackwell. ...

Feds: Full Tilt Poker site was Ponzi scheme

(AP) -- An Internet poker company that was blocked from operating in the U.S. in the spring as part of an online gambling crackdown was "not a legitimate poker company, but a global Ponzi scheme," federal prosecutors said ...

Social responsibility of businesses questioned

When the Icelandic banking system was privatised in 2003, it inaugurated a period of furious expansion of both loans and risky investments. The bubble burst in 2008. At that time, the nominal assets of the three largest banks ...

Network theory to strengthen the banking system

Since the beginning of the financial crises that erupted in 2008, numerous governments have injected public funds into the banking system in order to prevent the failure of some entities and avoid the collective collapse ...

House OKs cybersecurity bill despite veto threat

The House ignored Obama administration objections Thursday and approved legislation aimed at helping stop electronic attacks on critical U.S. infrastructure and private companies.

'Hackers take down' Palestinian servers

Hackers from around the world have attacked Palestinian servers, cutting Internet service across the West Bank and Gaza, the Palestinian communications minister said on Tuesday.

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