AFP - Banking giant Citigroup has been fined 1.1 million dollars after dozens of its brokers gained waivers on mutual fund sales charges by falsely claiming their customers were disabled, the NASD securities regulator said.

Cardiff University researchers have claimed to have found a vital flaw in HSBC's online banking system. The security weakness could be used to access the bank's 3.1 million U.K. online accounts in nine attempts. An HSBC spokesman told says the flaw was not a serious threat or a viable way for a...

Dutch banking giant ABN Amro will have to deal with a $100 million loss from heavily lending to a hedge fund, led by former New York Mercantile Exchange President Robert "Bo" Collins, had gone dry. It could jeopardize the terms of its ongoing $386 million deal with Swiss investment bank UBS....

AFP - More than three million customers of global banking giant HSBC have been left vulnerable while banking over the internet for more than two years because of a security flaw, a newspaper reported.

The Mexican unit of Wal-Mart Stores Inc. has filed for a retail banking license across the border. The retail giant is trying to break into the banking business in Mexico.