No legislation exists requiring banks to limit the liability of customers who have been victimized, says Conacher — though there are some protections for credit and debit card transactions.

He points out that countries such as the U.K. and Australia have introduced laws that could hold banks liable for failing to prevent fraud. The EU is working on enacting similar legislation next year.

https://www.cbc.ca/news/gopublic/bank-investigator-fraud-scam-9.6950754

#CdnPoli #Banks #bankery

Cry me a river...

#McKinsey warns #banks risk $170B #profit decline from #AI https://www.techrepublic.com/article/news-bank-profit-decline-ai/

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28' | 0:3 | #FCARBL

"No major banks have yet committed to stop funding new oil, gas and coal, research finds"

#Banks #Finance #FossilFuels #Energy

https://www.theguardian.com/environment/2025/oct/22/no-major-banks-have-yet-committed-to-stop-funding-new-oil-gas-and-coal-research-finds

"Big-name banks slammed for supporting oil and gas expansion in Amazon rainforest"

#Rainforests #Banks #Finance #Money

https://www.edie.net/big-name-banks-slammed-for-supporting-oil-and-gas-expansion-in-amazon-rainforest/