8 Model Banks of Note
Analyst and research firm Celent recently hosted its annual model bank awards. Here we highlight some of the notable winners.
Big Data At J.P. Morgan: Delivering The Firm
J.P. Morgan's Vipul Shah spoke with BS&T editorial director Katherine Burger about big data applications in the treasury services business and steps the bank is taking to deliver those services.
The Morality of Big Data
The writings of Alan F. Westin, a legal scholar and expert on privacy who died recently, raise important questions for banks and other businesses seeking to capitalize on big data.
JPMorgan Chase to Cut Up to 4,000 Jobs in 2013
JPMorgan Chase & Co
plans to cut 3,000 to 4,000 jobs in its consumer bank in 2013,
representing about 1.5 percent of the company's overall
workforce, it said in a presentation to investors on Tuesday.
Oracle Launches New Compliance and Risk Management Solutions
New Oracle Financial Services Foreign Account Tax Compliance Act Management targets pending FATCA requirements; expanded Oracle Financial Services Enterprise Risk Management suite addresses challenges around stress testing and model risk management.
What Banks Need To Know About Vendor M&As
Consolidation among players in the bank technology vendor space is heating up again. What factors are driving this trend, and how will it affect their bank customers?
Citigroup Bows to Shareholder Pressure, Overhauls Pay
Citigroup Inc said on
Thursday it has overhauled an executive pay plan that
shareholders rejected last year as overly generous, revising it
to tie bonus payments more closely to stock performance and
U.S. DOJ Probing JPMorgan Over Bear Stearns Mortgage Products
The U.S. Justice Department is
investigating JPMorgan Chase & Co over allegations that
Bear Stearns provided misleading information about its mortgage
products during the lead-up to the financial crisis, according
to people familiar with the matter.
European data watchdogs said on
Monday they plan to take action against Google by this
pool user data from across all its services ranging from YouTube
Mobile Commerce Brings Opportunity And… Cyber Crime
Mobile payments adoption can gain a significant boost if customers are sure that it is secure, but increased adoption will also create new opportunities for fraudsters, which banks - and customers - must be prepared for.
Ally Financial Completes its Share of Mortgage Relief
U.S. auto lender Ally Financial has
satisfied a requirement to provide $200 million in home loan
modifications and other consumer relief under last year's $25
billion national mortgage settlement, the pact's monitor said
U.S. Judge Dismisses ATM Fee Collusion Lawsuits
A federal judge has dismissed antitrust
lawsuits accusing Visa Inc, MasterCard Inc,
JPMorgan Chase & Co, Bank of America Corp and
Wells Fargo & Co of conspiring to fix automated teller
Global Watchdog Needs More Time on Derivatives Rules
New rules on how much collateral
is needed to back derivatives trades are unlikely to be
finalised before September, leaving markets in limbo as global
regulators seek to minimise potential harm to economic recovery.
Bank Boardrooms Go Paperless
Bank of New Hampshire has seen considerable time and cost savings from using digital books for its board meetings provided by Diligent Boardbooks.