Systems
Regulate liquidity, not just capital, to better stabilise financial systems
REGULATORS should improve liquidity management at banks to create a more stable financial system, as capital requirements may not be enough to do the job.
“(When) you raise the capital...
AMD to acquire server builder ZT Systems for US$4.9 billion in cash and stock
AMD on Monday (Aug 19) said it plans to acquire server maker ZT Systems for US$4.9 billion as the company seeks to expand its portfolio of artificial intelligence chips...
5 Benefits of Modernizing Core Banking Systems
With the rapid rise in technology, many financial institutions try to stay ahead in the competitive banking industry by utilizing modern innovations. Core banking systems are essential, as they...
Airbus to restructure Space Systems as consolidation talks continue
AIRBUS is drawing up a turnaround plan for its struggling Space Systems business, industry sources said, without waiting for the outcome of European consolidation talks that include Italy’s Leonardo...
McDonald’s in Japan hit by systems outage, closing 30% of stores
MCDONALD’S in Japan suspended about 30 per cent of its stores nationwide on Friday (Jul 19) after a systems outage.The restaurant chain is “currently investigating the cause and the...
CIMB customers discover zero, negative account balances; bank says core systems not compromised
CIMB Singapore said its core banking systems and customer accounts were not compromised, after some customers reported having zero or negative balances in their accounts.In a media reply on...
CDK Global begins to restore systems after cyber hack hits thousands of retailers
RETAIL technology and software provider CDK Global has begun work to restore systems used by over 15,000 retail locations across North America, the company said on Sunday (Jun 23),...
Honeywell strikes US$2 billion deal to buy aerospace and defence firm CAES Systems
Honeywell has agreed to buy aerospace and defence technology company CAES Systems for roughly US$2 billion from private equity firm Advent International, The Wall Street Journal reported on Thursday...
