Major Borrowers to Reduce Bank Deposits: Fed Survey
Wall Street dealers expect
hedge funds, insurance companies and other borrowers to pull
some cash from commercial banks when a financial crisis-era
deposit insurance program expires at the end of the year, the
Federal Reserve said on Thursday.
RBS Wins Dismissal of Lawsuit by South Korea's Woori
Royal Bank of Scotland Group
Plc on Thursday won the dismissal of a lawsuit by South
Korea's Woori Bank over losses from mortgage-related
investments, in a case between two big banks put under state
control following financial crises.
The Big Challenge is Big Data in 2013
Without the capacity to mine mountains of customer data across multiple channels, banks won't be able to offer the integrated and consistent multi-channel experience customers demand today.
Regulatory Black Hole Puts Banks Off Deals
Regulatory uncertainty is
putting large banks off buying the assets of smaller rivals,
complicating the sector's restructuring and giving hedge funds
and private equity a golden opportunity to swoop in.
Branches Remain A Key Channel
Banks that invest in the branch and provide a cutting-edge experience are ahead of the pack, says research firm RBR.
Bank Systems & Technology’s Top 10 Stories of 2012
2012 was an eventful year in banking technology, with the rise of mobile, increased regulatory pressure and multi-channel integration among the hot topics. Here are Bank Systems & Technology's most popular stories of the year.
BofA CEO: Fed Wants Bank to Show Consistent Earnings
Bank of America Corp
needs to show the U.S. Federal Reserve it can produce
consistent earnings as part of the annual process to gain
permission to return more capital to shareholders, CEO Brian
Moynihan said in an interview.
Using Data and Analytics to Fight Fraud
As financial institutions enhance the data they are willing to apply toward helping alleviate fraudulent activity, it could have a game-changing impact in the fight against fraud.
U.S. Agency Sues JPMorgan Over Mortgage Securities
The U.S. credit union regulator sued
JPMorgan Securities and Bear Stearns & Co on Monday over $3.6
billion in mortgage securities the bank allegedly sold to credit
unions that collapsed because of losses from the securities.
Internet Regulation Seen at National Level as Treaty Talks Fail
The world's major Internet companies,
backed by U.S. policymakers, got much of what they wanted last week when many
nations refused to sign a global telecommunications treaty that opponents feared
could lead to greater government control over online content and communications.
PayPal Launches Prepaid Cards
PayPal released its first prepaid card yesterday, allowing users to easily load cash into their PayPal account as funds that can be used for online purchases.
Dwolla Offers Payments Via Twitter
The payments company is now allowing users to send payments via Twitter by including the recipients handle, the dollar amount and Dwolla's hashtag.
Barclays Names New Compliance Chief
Barclays has appointed
Hector Sants, former boss of British regulator the Financial
Services Authority, to oversee its compliance and relationship
with governments and regulators as it looks to repair its
Deutsche Bank Directors to Question Board
directors will question the management board over claims the
lender failed to recognise billions of euros in unrealised
losses during the financial crisis, two sources said.
The Core Systems Dilemma
Banks looking to upgrade or replace legacy core systems have a choice: Do it all at once or gradually. Many factors go into deciding which is better for a specific bank.