Banks need to put more money into combating hackers who have the potential to wreak havoc globally, says the director of the European Union's cyber security agency.
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Aplanned law allowing foreign firms to take full control of Philippine lenders is drawing eager suitors to the sector, including Japan's Mitsubishi and Malaysia's CIMB, bankers familiar with the matter say.
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Regulators and investors continue to demand that banks run their business while reducing the perceived financial and reputational risk of a cyclical investment banking business, writes Karl Franzmann.
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