HSBC, Scotiabank hit with US penalties over employees’ use of personal devices

WASHINGTON, May 11 (Reuters) – U.S. regulators on Thursday slapped units of Bank of Nova Scotia (BNS.TO) and HSBC Holdings Plc (HSBA.L) with civil penalties for widespread recordkeeping violations through employees’ use of personal devices and apps for work communications. The banks admitted they had failed to meet recordkeeping requirements for dealers registered with U.S. … Read more

PacWest plunges 29pc as US banking crisis rages on – The Telegraph

PacWest plunges 29pc as US banking crisis rages on  The Telegraph PacWest tumbles after reporting 9.5% drop in deposits last week  Financial Times PacWest shares tumble 20% after regional bank says deposits fell 9.5% last week  Forex Factory PacWest shares plunge after it reports drop in deposits  Reuters Bank Reports Show Signs Of Stability. But Investors Are Still Nervous.  Investor’s … Read more

Fairphone’s user-repairable headphones will offer spare parts through its app – Ars Technica

Today, Fairphone, a company known for making smartphones that are meant to last, revealed its take on a user repair-friendly set of wireless, over-the-ear headphones. Like its smartphones, Fairphone’s Fairbuds XL have a modular design with Fairphone promising easy spare parts access. However, Fairphone’s currently unsure how long it will have parts for the cans … Read more

Peloton recalls 2 million bikes over injury risk

By Chelsea Bailey BBC News, Washington 11 May 2023, 18:44 BST Updated 4 hours ago Image source, Getty Images Peloton is recalling more than two million exercise bikes over concerns that the seat assembly could break during use and injure customers. Owners have been advised to immediately stop using the bikes and contact Peloton for … Read more

Be careful with 100% mortgages, homebuyers told

By Michael Race & Faisal Islam Business reporter, BBC News 4 hours ago Image source, Getty Images Buyers and banks need to be “very careful” with 100% mortgages that have no deposit requirement, the Bank of England has warned. Andrew Bailey, its governor, said “quite a few problems” could arise from such deals which some … Read more