News Headlines | NTMA still to recover €2.5m stolen in phishing attack

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The National Treasury Management Agency (NTMA) has recovered €2.5 million of the €5 million lost in a voice‑phishing scam that targeted a fake invoice from an Ireland Strategic Investment Fund investee, and will tell the Public Accounts Committee that its IT systems were never compromised. An independent Deloitte forensic review, now completed, confirmed the breach was limited to the fraudulent payment request and led to a set of recommended safeguards, which the agency has fully implemented. Chief Executive Frank O’Connor will also update the committee on the national debt, now around €200 billion and projected to approach €250 billion by the 2030s, stressing that while low‑interest‑rate conditions have helped lower borrowing costs, future debt servicing will become more costly as rates rise and low‑cost debt matures. The NTMA continues efforts to recover the remaining €2.5 million.

Read more: https://www.rte.ie/news/2026/0514/1573230-ntma-still-to-recover-2-5m-stolen-in-phishing-attack/

#NTMA #FrankOConnor #Deloitte #PublicAccounts #TreasuryManagement #FrankOConnor

Yahoo Finance | Forbright Bank review (2026): Environmentally friendly banking that pays competitive interest on savings

Forbright Bank review (2026): Environmentally friendly banking that pays competitive interest on savings
Formerly known as Congressional Bank, Forbright Bank operates with the mission to drive decarbonization and support the energy transition. Forbright Bank specializes in offering banking services, lending solutions, and financing for renewable energy projects, energy efficiency, and sustainability-driven businesses. It currently operates a handful of physical branches and service hubs across Maryland and Virginia, but also offers high-yield online bank accounts that can be opened from anywhere in the U.S.
Forbright’s Growth Savings account is currently offering 3.85% APY — well above the national average. There are no monthly fees or minimum deposit requirements. Interest is compounded daily and credited monthly. Forbright offers CDs with terms ranging from nine months to five years, and rates ranging from 3.25% APY to 3.75% APY. A minimum opening deposit of $1,000 is required. If you withdraw funds before the maturity date, the early withdrawal penalty is equal to three months’ interest for CD terms of less than 24 months and six months' interest for longer terms.
Forbright Bank offers three business checking accounts and a money market account, as well as a commercial checking account. Many of these accounts are interest-bearing with competitive rates. Business customers can take advantage of Forbright’s business savings accounts and CDs, which both offer competitive rates. Forbright offers a range of card options, including low-rate, cash back, and rewards business credit cards. These cards come with added perks such as free online expense reporting tools, mobile payment capabilities, free additional cards for employees, and more. Business customers will also have access to Forbright’s Treasury management services, which help to improve cash flow, manage and monitor transactions, allow for more efficient payment processing, streamline the check deposit process, and more. In addition to its personal and business banking products, Forbright offers commercial lending products and services, including real estate loans, financing for healthcare facilities, corporate financing, and more.

Read more: https://finance.yahoo.com/personal-finance/banking/review/forbright-bank-review-230634227.html

#growthsavings #treasurymanagement

Incident Overview:
Platform: Step Finance
Loss: ~$40M treasury theft
Vector: Compromised executive devices
Status: Operations terminated

Recovery efforts:
• ~$3.7M Remora assets recovered
• ~$1M additional tokens recovered
• Snapshot-based reimbursement for STEP holders
• Buyback + redemption process underway

Collateral shutdown:
Remora Markets, SolanaFloor

Strategic insight:
Executive endpoint compromise → treasury compromise.

Crypto treasury management must incorporate hardened device policies, hardware-backed key storage, enforced MFA, anomaly detection.

Source: https://therecord.media/step-finance-cryptocurrency-theft-shutdown

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Japanese firm Metaplanet expands BTC holdings to 161+ coins through bond issuance, capitalizing on tax exemptions for corporate crypto holdings while mirroring MicroStrategy's treasury strategy.Tokyo-listed Metaplanet issued ¥3.2 ❤️ #Bitcoin #Blockchain #corporatestrategy #cryptocurrency #institutionalinvestment #Japan #taxation #treasurymanagement #redrobot

https://redrobot.online/2025/06/metaplanets-bitcoin-treasury-strategy-leverages-japans-tax-advantage/