Articles by Andrew MacAskill

British Financial Industry Tallies Lost Jobs, Revenue from ‘Hard Brexit’

Britain’s financial industry could lose up to 38 billion pounds ($48.34 billion) in revenue in a so-called ‘hard Brexit’ that would leave it with restricted access to the European Union’s single market, according to a report commissioned by an industry …

Britain’s Financial Sector Fears Damage from Brexit Lobbying Squabbles

Large banks in Britain have clashed with other parts of the financial sector about who should be leading efforts to lobby the government over Brexit. Failing to present a united front could be damaging as the industry, Britain’s largest export …

UK Banks Ordered to Update Cyber Security After $81M Bangladesh Bank Heist

The Bank of England ordered UK banks to detail steps taken to secure computers connected to the SWIFT bank messaging network about two months after a still-unidentified group used the system to steal $81 million from Bangladesh Bank, according to …

India Searches for Flood Survivors as Death Toll May Rise

Flash floods triggered by torrential rain in northern India may have killed hundreds of people, a government official said, as the armed forces stepped up searches for those stranded in mountainous areas. Narrow valleys in the foothills of the Himalayas, …

Monsoon Triggers Floods in India’s Himalayas, Killing 138

Air force helicopters and rescue teams searched for survivors in northern India after days of monsoon rains triggered flash floods and landslides, killing at least 138 people and leaving hundreds missing. Parts of Uttarakhand and Himachal Pradesh, the worst-hit states …