MasterCard, Visa Warn of Possible Security Breach
MasterCard Inc and Visa Inc have notified U.S. banks of a potential security breach, the latest in a string of incidents that have put the personal information of millions of credit card holders at risk.
Wells Fargo, SEC Told to Meet in Subpoena Dispute
A federal judge rejected the U.S. Securities and Exchange Commission's demand that Wells Fargo Co. comply with subpoenas related to a probe of the bank's sale of $60 billion of mortgage-backed securities, but directed both sides to meet.
Bank of America CEO Made $8.1 Million in 2011
Bank of America Corp Chief Executive Officer Brian Moynihan made $8.1 million in total compensation last year, more than four times the $1.9 million he received in 2010, according to a filing with the U.S. Securities and Exchange Commission on Wednesday.
EBay Names David Marcus President of PayPal
EBay Inc on Thursday named David Marcus president of its PayPal unit, filling the role left vacant when Scott Thompson left to become chief executive of Yahoo Inc. in January.
BofA Chief Tech Executive Speaks Out on Gay Marriage Amendment
A top Bank of America Corp executive has taken a stand against a proposed constitutional amendment that would ban same-sex marriages and civil unions in its home state, saying the proposal would be "disastrous" to North Carolina's business climate.
270,000 More IT Jobs Headed Offshore
Offshore outsourcing will continue at brisk pace for next four years, then ease up as automation replaces offshoring as a way for companies to save money, a new study says.
BofA Cuts Jobs in Capital Markets, Research
Bank of America Corp has eliminated jobs in its equities, mortgage-backed securities and research divisions in recent weeks, two sources familiar with the situation said on Wednesday.
The Best iPad Banking Apps
Although financial institutions have begun creating applications for Android-based tablets, the majority of tablet-specific banking offerings on the market today are designed for Apple's iPad. Here's a look at some of the best iPad banking apps.
Santander Brasil Poaches HSBC Brazil Chief
Banco Santander Brasil, the nation's largest foreign bank, hired Conrado Engel, the former head of the Brazil unit of rival HSBC Holdings, to oversee retail banking amid government efforts to lower borrowing costs and encourage competition in the industry.
BofA Talks Mobile Strategy
A mobile executive at Bank of America says the bank will roll out more features for its mobile apps during the coming year.
Cisco Enters the BYOD Arena
Cisco Systems is expanding its services to enable companies to manage and secure private mobile devices used by employees at work, aiming to benefit from the trend widely known as BYOD or Bring Your Own Device.
How to Create a Superior Tablet Banking App
As banks race to roll out mobile apps for iPads, Kindle Fires and other increasingly popular tablet devices, they need to do more than just port over their existing smartphone apps. Industry leaders reveal what goes into creating an engaging and rich tablet-specific experience.
Mobile Remote Deposit Capture: Putting a Price on Convenience
Until mobile RDC becomes more ubiquitous, banks that have rolled out a full-fledged offering hold a competitive advantage. Meanwhile, banks searching for ways to monetize the mobile channel should look closely at the revenue potential of mobile remote deposit capture services -- while they still can.
Citigroup Failure in Fed Test Raises Questions
Citigroup Inc on Wednesday stood by its pledge to reward shareholders, as Wall Street sought to understand why the bank failed to win approval from regulators to increase its dividend or buy back stock.