Dana Deasy, who oversaw a massive IT overhaul at the troubled energy company, brings crisis management experience to the bank, where he will have global responsibility for technology systems and infrastructure at the bank.
By Mark Herman, Booz Allen Hamilton | July 23, 2013
Data lakes -- massive repositories of information that consolidate structured, unstructured, batched and streaming data into a single table -- could enable integration of different banks' living wills, providing transparency that would help identify hidden risks in the financial system.
By Avi Rembaum and Daniel Wiley, Check Point Software Technologies | June 25, 2013
To cope with an increased number of large distributed denial of service attacks, banks must not only have plans in place -- they should consider a broad set of defensive tools that combine on-premise technologies and cloud-based scrubbing services.
With more 7,000 distributed denial of service attacks daily, it’s only a matter of time before even smaller banks and credit unions are targeted. Here are more lessons smaller institutions learn from the big banks.
Frank Bisignano, who also led JPMorgan's mortgage banking business in the wake of the mortgage crisis, will lead payments management company First Data at a time of great change in the payments industry.
Global banking regulators will examine whether their new rules forcing lenders to hold more capital to absorb any future losses should be simplified after criticism that they are too complex to be effective.
Bank of America Corp
will seek more lending and cash management business with
companies in Asia and elsewhere outside its U.S. home turf,
Chief Executive Brian Moynihan said, an area ripe for expansion
where it lags its big rivals.