CYBERSECURITY – LUXTRUST DISRUPTED TOMORROW TUESDAY

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keywords: luxtrust, cybersecurity week, digital identity, luxembourg. Luxtrust announces on Monday morning to its large bank customers a period of maintenance “test” tomorrow Tuesday 17 October 2017 from 09:00 to 12:00 that may cause disruption. In the middle of the cybersecurity week in Luxembourg, let’s remind that Luxtrust is a company whose Luxembourg State is a shareholder, as well as the main banks of the Luxembourg market, and is the pillar of the digital identity in the Grand Duchy. Share this page with:

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FINANCE LUXEMBOURG – LUXTRUST DOWN ON SATURDAY

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keywords: luxtrust, identification, cybersecurity, finance, banks, luxembourg. Without being informed in advance of an unavailability of the service Luxtrust, pillar of the digital identification in Luxembourg, this service is unavailable this Saturday morning. Any attempt to connect will result in the message “An error occurred.” No cause of unavailability nor time of service return is communicated. LuxTrust is a joint venture owned by the Government of the Grand Duchy with the main Luxembourg banks and the Luxembourg Stock Exchange. LuxTrust is highlighted by the Luxembourg authorities as a symbol of digital…

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FINANCIAL SECURITY – BIL TO BE BOUGHT BY CHINESE GROUP

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keywords: banque internationale à luxembourg, qatar, legend group, luxembourg. According to the Washington Post and Reuters a person close to the matter told them that the Banque Internationale à Luxembourg (BIL) is about to be bought by the Legend Group, a Chinese giant that owns Lenovo Group. The price of BIL bank would be between 1 billion and 1.5 billion euro. The Qatari owner was considering a price close to 1.5 billion euro at the time of the sale consideration announcement. BIL is a systemic bank for the Luxembourg economy….

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LUXEMBOURG – BANKS RESULTS ARE INCREASING BIG

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keywords: banks, cssf, luxembourg. The Financial Sector Supervisory Commission (CSSF) publishes Wednesday the banks results of the Luxembourg Place in the first 3 months of 2017 compared to the same period of 2016. The result, before provisions, increased by 7.3%. Personnel costs increased by only 0.9% year-on-year. These figures are published during negotiations on the new banking collective agreement and a few days after protest pickets in the face of the ABBL’s wish not to pay the economic bonus (also known as the “June bonus”). Share this page with:

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BANKS – NO CONCRETE OFFER TO BUY BIL SAYS MINISTER

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keywords: finance, bank, financial security, systemic risk, bil, luxembourg. Since the revelation by Bloomberg last week of the possible sale of Banque Internationale à Luxembourg (BIL) by its Qatari majority shareholder, rumors are going on about the future of this pillar of the Luxembourg economy. To the point that the national representation questions the Minister of Finance Pierre Gramegna. The Minister declared on Friday, May 5, that to his knowledge no offer to buy was made on BIL (and in particular the state share) and that in case of shareholder…

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FINANCE – Why we love security and defense stocks (and you should too!)

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keywords : security, defense, cyber security, stocks, invest in defense stocks. Here are the reasons why we have to invest in defense, security and cyber security stocks. Businesses in security, cyber security, and defense sectors don’t know crises. Their stocks get a positive trend too. Insecurity is a growth stock. With threats that seem disappear since 2008, western countries digesting the 2008 financial crisis and had to lower their budgets have slashed their security and defense spendings. But with the big drop in spending, threats are back. Wherever the threats…

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MY MONEY – The new 50 euros bank note is coming – Why and How

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keywords: counterfeit banknotes, counterfeiters, tamper-resistant, scam, luxembourg.   Remember, when presenting the current euro banknotes, the representative of the European Central Bank (ECB) asserted that they were inviolable and tamper-resistant. Yes, but it was underestimating the ability of counterfeiters to adapt and circumvent the banknotes security marks thanks to an ever more sharp and always less expensive technology, making counterfeit notes difficult to detect. And after the 50 euros counterfeit banknotes circulating in Luxembourg alert at Christmas last year, it became urgent for the ECB to take the lead. And it…

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FINANCE – What security and defense stocks on Wall Street will benefit from Trump administration

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keywords : security, defense, cyber security, stocks, invest in defense stocks. Here is our favorite security, defense and cyber security stocks list that should benefit from the new Trump administration. Companies from those sectors don’t know crises neither on Main Street nor on Wal Street. Their stocks follow the same upward trend. We recently explained why security and defense companies are growth stocks, let’s get into details giving our favorite stocks list. Smith & Wesson and Sturm Ruger. Firearms makers always had the wind in their sails in the United…

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