banking – Page 2 – pressnews

Elon Musk Adds to Goldman Sachs’ Commercial Loan Troubles, FT Says

11Jun

By adminNo Comments

Technology

Elon Musk Adds to Goldman Sachs’ Commercial Loan Troubles, FT Says

[ad_1] Elon Musk's refusal to pay Twitter's rent contributed to the surge in commercial real estate loan delinquencies that Goldman Sachs Group Inc. faced in the first quarter, the Financial Times reported.Twitter stopped paying its rent in November and Musk, the world's richest man, told employees he doesn't intend to restart payments or cover those past due, the FT said, citing lawsuits. Columbia Property, which is suing Twitter over the missed payments, defaulted on the loan in February. The value of Goldman loans to commercial real estate borrowers behind on repayments climbed 612% in the first quarter to $840 million, the FT said, citing filings. That compares with a 30% increase to more than $12 billion for the entire US banking industry, the newspaper said. Columbia Property decl...

Trojan terror! Trojan targets 450 apps on Google Play Store, says report

[ad_1] Just days after it was revealed that Xenomorph Android malware has made a comeback, another Android Trojan threat has emerged and although it isn't fully developed yet, it could still lead to disastrous consequences for people around the world. It has been injected into the Google Play Store ecosystem. Google Play Store offers millions of apps for Android users for any and all tasks. Despite Google's attempts, some potentially harmful apps slip through without being detected. The latest Trojan that has created big problems is known as Nexus and it is capable of targeting almost 450 apps on the Google Play Store. What is Nexus?According to a report by Cleafy, Nexus first appeared on multiple hacking forums back in January 2023. It is being distributed through phishing pages disgui...

Android users beware! Dangerous money-stealing malware RETURNS; Know how to stay safe

[ad_1] Android users have been given a reason to worry as dangerous Xenomorph Android malware has made a comeback, endangering Android phones worldwide. The malware attracted attention last year when it was distributed on the Google Play Store with over 50000 installations and targeted as many as 56 different European banks. Now the same malware has made a return in a new avatar, aiming to target many more institutions than before.What is Xenomorph?According to cybersecurity and research firm ThreatFabric, Xenomorph is an Android banking Trojan which derives its name from another banking trojan known as Alien, a reference to Ridley Scott's famous franchise. It poses as different apps on the Google Play Store and was distributed via a dropper operation known as GymDrop. Last year, it po...