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August 15, 2012 - Commonwealth Bank of Australia says it is beginning to reap the rewards of its $1.1 billion core banking modernisation programme, with a measurable increase in productivity contributing towards a $7.1 billion profit for the year ending 30 June.

August 13, 2012 - Pressing ahead with reforms in the banking industry represents a crucial part of assisting the UK's economic recovery.

August 10, 2012 - Major banks in the US have been instructed to put together contingency plans to ensure they could deal with a collapse of their business.

August 9, 2012 - Intellect, the trade association for the UK technology sector, has called on financial regulators to force banks to upgrade their legacy IT systems, or risk future financial crises and systems failures.

August 8, 2012 - Lloyds' former head of fraud and security for digital banking has pleaded guilty in connection with a £2.46 million fraud.

August 6, 2012 - Around three quarters of small and medium-sized businesses (SMBs) in the US have fallen victim to online banking fraud and many are ditching their provider as a result, according to research from Guardian Analytics and Ponemon Institute.

August 3, 2012 - Stress tests in the banking industry should be conducted on financiers of all sizes, a new report has stated.

August 2, 2012 - Regulators in the UK have received further information on how reforms to the banking industry will affect their ability to deal with the failure of financiers.

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