Tag: transfer

• Tuesday, April 9th 2019 - 07:10 UTC

  Record money transfers to developing countries in 2018, but transfer costs too high claims World Bank

  

  Money transfers to poor and developing countries hit a fresh record in 2018 and should become their largest source of external financing this year, the World Bank said on Monday. But many banks and money transfer operators charged too much, cutting into the gains of migration, the bank said in a statement.

• Friday, December 21st 2018 - 12:03 UTC

  Santander fined £32.8m in UK for failing to process accounts of dead customers

  

  The Santander group has been fined more than £30m for “serious failings” in processing the accounts of dead customers, the Financial Conduct Authority (FCA) said. The FCA found that Santander failed to transfer funds worth more than £183m to beneficiaries.