News Archive from November 1, 2012

Citi, Chase Among Banks That Must Hold Most Extra Capital, Regulators SayNovember 01, 2012Citigroup Inc, Deutsche Bank , HSBC and JPMorgan Chase & Co will need to hold the most extra capital of 28 banks considered so large and complex they need an extra buffer to absorb potential losses, global regulators said on Thursday.
AML Compliance Makes Know Your Customer More Important Than Ever, Report SaysNovember 01, 2012Regulators are taking a deeper look at anti-money laundering and anti-bribery corruption compliance, and banks had better be prepared.
Banks Recovering From Sandy AftermathOctober 31, 2012Major U.S. banks said on Wednesday they had reopened more than half of the branches that were closed as Hurricane Sandy battered the U.S. East Coast earlier this week.
Bank of America Offers Assistance Program After Hurricane SandyOctober 31, 2012The bank notified customers that it is launching an assistance program to help those in need of financial assistance in the wake of the storm.
Fundtech And Accenture Partner On Liquidity ManagementOctober 31, 2012The two companies announced they join forces to help deliver new tools for banks facing more stringent capital requirements from regulators.
In Hurricane, Twitter Proves a Lifeline Despite PrankstersOctober 30, 2012As Hurricane Sandy pounded the U.S. Atlantic coast on Monday night, knocking out electricity and Internet connections, millions of residents turned to Twitter as a part-newswire, part-911 hotline that hummed through the night even as some websites failed a
Hurricane Sandy Wallops Internet Commerce Just As HardOctober 30, 2012From Fab.com to Amazon.com Inc and eBay Inc, e-commerce companies scrambled on Tuesday to get goods to buyers on time after Hurricane Sandy tore a swathe of destruction across the U.S. northeast.
Social Media Helps Banks Communicate with Customers Affected by HurricaneOctober 30, 2012A number of banks are posting service updates, contacting customers and even providing safety tips to followers through their social media channels during Sandy's aftermath.
TD Bank's Assistance Program to Help Customers Pay for Costs of Hurricane SandyOctober 30, 2012The bank is offering quick credit lines, instant issue of debit cards and waived fees to help customers in the aftermath of the storm.
U.S. Stock Markets Consider Opening on WednesdayOctober 30, 2012U.S. stock exchanges are looking at opening on Wednesday after monster storm Sandy receded from New York, sources said, and the New York Stock Exchange is testing a new plan to help resume trading.
U.S. East Coast Power Outages from Hurricane Sandy Top 7.4 MillionOctober 30, 2012More than 7.4 million homes and businesses along the U.S. East Coast were still without power as the remnants of Hurricane Sandy continued to batter the region.
Hurricane Sandy Disrupts Northeast U.S. Telecom NetworksOctober 30, 2012Power outages and flooding caused by Hurricane Sandy disrupted telecommunications services on Tuesday and coverage was spotty for everything from cellphones and home telephones to Internet services in Northeastern states.
Banks Prepare For Sandy OnslaughtOctober 29, 2012Most branches in the Northeast and Mid-Atlantic U.S. are closed; disaster recovery plans in progress.
Sandy Shuts Down Wall StreetOctober 29, 2012Hurricane Sandy, the monster storm bearing down on the U.S. East Coast, strengthened on Monday after hundreds of thousands moved to higher ground, public transport shut down and the U.S. stock market suffered its first weather-related closure in 27 years.<
Sheila Bair's 4 Types of Dysfunctional RegulatorsOctober 26, 2012Sheila Bair, former FDIC chair and current industry critic, thinks that regulators are partly to blame not only for the financial crisis and the banking industry's continuing lousy reputation, but she also has plenty of criticism for bankers and politician
Checking Balances, Viewing Transactions Are Top Mobile Usages, Study FindsOctober 26, 2012The study, conducted for Virtual Hold Technology by The Adcom Group, also found consumers grow increasingly frustrated when problems arise with mobile apps that prevent them from completing a task.
Spain on Track With Bank Sector ReformOctober 26, 2012Spain is on track to correct the problems in its financial sector, but needs more decisive action to deal with challenges facing some banks, the European Central Bank and the European Commission said in a joint statement on Friday.
Ally Looks to Sell Most of its Mortgage BusinessOctober 26, 2012Ally Financial Inc's banking subsidiary said on Friday that it was looking to sell most of its remaining mortgage business, the company's latest step toward exiting the home loan business to focus on its U.S. auto lending and banking operations.
Citi Fined $2 Million by Massachusetts Over Facebook IPOOctober 26, 2012Massachusetts top securities regulator said on Friday that his office fined a Citigroup Inc unit $2 million after research analysts improperly disclosed confidential information about Facebook Inc's initial public offering.
USAA, ING Direct, PNC Leaders in Customer Retention, Report SaysOctober 25, 2012Meanwhile, an analysis from Forrester Research also found that Chase, Wells Fargo, and Bank of America are the leaders in driving sales and attracting new customers.
Square Touches Down in CanadaOctober 25, 2012The mobile payment company will expand its presence outside the U.S. for the first time.
Financial Services CEOs Among Those Calling for Action to Reduce Federal DeficitOctober 25, 2012Chief executives of more than 80 big U.S. corporations, including Goldman Sachs , JPMorgan and Boeing, joined forces on Thursday to pressure Congress to reduce the federal deficit with tax reform and spending cuts.
Visa Names Former JPMorgan Chase Retail Head as New CEOOctober 24, 2012Charles W. Scharf, formerly CEO of Retail Financial Services for JPMorgan Chase, will succeed Joseph W. Saunders as Visa’s Chief Executive Officer.
ABN AMRO Upgrades Data Analytics CapabilitiesOctober 24, 2012The bank has partnered with Teradata Technologies to enhance its data warehouse to meet regulatory requirements and improve customer analytics.
Basel Official Defends New Global Bank Capital RulesOctober 24, 2012A simple approach to reining in risks at banks would fail to capture the complexity of modern day lenders, a top global regulator said.

See more news

News Archive from November 1, 2012

Upcoming Events

Featured Reports

Featured Whitepapers