REVEALED: The Nato bunker deep in Netherlands forest where hackers 'almost brought down world's internet in biggest every cyber-attack'SpamHaus group under attack from cyber-vandals in GenevaBut other unconnected sites across the world have been caught in attackNow, emails have slowed down as a result, expert claims PUBLISHED: 15:19 GMT, 27 March 2013 | UPDATED: 23:41 GMT, 28 March 2013 This is the ex-Nato bunker where hackers almost brought down the world's internet in a sustained revenge attack.
As austerity budget is announced…
Millions of NatWest bank customers left without access to their money for four hours after computer system crashes AGAINThe majority of the bank's UK customers have been affected by IT blackoutRoyal Bank of Scotland and Bank of Ulster users also hit by glitch Online and phone banking down, ATMs broken and card payments rejected Customers have vented frustrations and threatened to quit for other banksLast year millions were unable to use cards or move money for daysThey were forced to set aside 125m compensation for those out of pocket a computer glitch resulted millions of people having trouble using their debit and credit cards for three days. Just a month later and Natwest were back in the news when more than 700,000 customers were affected by a ‘human error’ which resulted in some accounts being debited twice.
Pain for holidaymakers as pound tumbles to 16-month-low against the euroThe pound has fallen against world currencies in the first few months of 2013GBP fell to a 16-month low against the euro affecting many UK travellers Fall against the US dollar hit a nine-month low yesterday By Hugo Duncan PUBLISHED: 23:54 GMT, 20 February 2013 | UPDATED: 08:39 GMT, 21 February 2013 British holidaymakers were last night warned to expect less cash in their pockets when they head abroad as the value of the pound tumbles.
Taxpayer-owned Royal Bank of Scotland setting aside 250m for bonuses… despite facing a 500m fine for rigging Libor rates Bank under pressure to claw back 4m in shares owed to John HouricanHead of the investment bank expected to leave shortly in restructuringRBS 'planning to pay 250m bonuses – 21,000 per employee on average' in the wake of the IT glitch. He could have got 2.4m on top of his 1.2m salary but has now waived his bonus in three of the past four years since taking over at the bank after its 45bn bailout by the taxpayer
City watchdog accused of being 'asleep at the wheel' in run-up to financial crash becomes a SirHector Sants, who headed financial regulator for five years, knightedFSA so discredited during financial crisis it is to be scrapped next year Mr Sants recently landed a 3 million job at scandal-hit Barclays PUBLISHED: 00:23 GMT, 29 December 2012 | UPDATED: 00:23 GMT, 29 December 2012 Honoured: Hector Sants, who spent five years as head of the FSA, has been given a knighthood despite widespread criticism of how the regulator failed during the financial crisis A city regulator accused of being ‘asleep at the wheel’ in the run up to the financial crash is knighted in the honours list. Hector Sants, who spent five years as head of the Financial Services Authority, receives the honour despite widespread criticism that the regulator had failed during the banking crisis.
Lloyds TSB bans staff from selling bank accounts with monthly fees 'after fears they were mis-sold to customers' | UPDATED: 02:04 GMT, 20 December 2012 Britain’s biggest bank Lloyds TSB is to stop providing lucrative paid-for current accounts following a crackdown by the City watchdog. Branch managers were told yesterday they would have to temporarily pull the plug on sales of packaged accounts which cost up to customers 300 a year. These deals are a rich source of profit for banks
A two-tier Europe as Britain opts out of banking union: Cameron vows to secure 'better deal' for nation After 14 hours of talks, eurozone countries agreed that the European Central Bank should directly supervise 200 banks – none of which are BritishThe agreement will prevent eurozone countries ganging up on those that have not adopted the single currency | UPDATED: 02:29 GMT, 14 December 2012 New deal: British Prime Minister David Cameron arrives at the EU Headquarters David Cameron vowed to secure ‘a better deal for Britain’ yesterday after an historic deal on EU banks established a two–tier Europe. The agreement will prevent eurozone countries from ganging up on those that have not adopted the single currency – and protect the City of London from financial regulations drawn up by the debt-stricken bloc. After 14 hours of talks, eurozone countries agreed that the European Central Bank should directly supervise 200 banks – none of which are British – in the most far-reaching step towards a single-currency superstate since the euro crisis began.
Three men including former UBS trader held in first British arrests over Libor interbank rate rigging probe Men aged 33, 41 and 47 taken to London police stationOne is a former UBS trader The three arrests follow searches in Surrey and Essex SFO opened Libor probe in July after big Barclays fine | UPDATED: 10:08 GMT, 12 December 2012 One of the three men arrested in connection with an investigation into the rigging of the interbank lending rate Libor was an ex-trader who worked for UBS and the other two were interdealer brokers, a report said today. The British men – aged 33, 41 and 47 – were taken to a London police station after searches at a property in Surrey and two premises in Essex.
'There'll be no triple dip recession': Danny Alexander dismisses dire warnings made by economic expertsChief Secretary to the Treasury predicted steady growth would returnDanny Alexander was positive despite predictions of a third recession | UPDATED: 10:26 GMT, 10 December 2012 The Chancellor’s second in command yesterday dismissed fears that Britain was heading for a triple dip recession, despite dire warnings from economic experts. Danny Alexander, Chief Secretary to the Treasury, predicted ‘steady growth’ would slowly return next year and the year after.