News Archive from November 1, 2012
Citi, Chase Among Banks That Must Hold Most Extra Capital, Regulators Say November 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 Says November 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 Aftermath October 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 Sandy October 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 Management October 31, 2012The two companies announced they join forces to help deliver new tools for banks facing more stringent capital requirements from regulators. Social Media Helps Banks Communicate with Customers Affected by Hurricane October 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 Sandy October 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 Wednesday October 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. Hurricane Sandy Disrupts Northeast U.S. Telecom Networks October 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 Onslaught October 29, 2012Most branches in the Northeast and Mid-Atlantic U.S. are closed; disaster recovery plans in progress.
Sandy Shuts Down Wall Street October 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 Regulators October 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 Finds October 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.
USAA, ING Direct, PNC Leaders in Customer Retention, Report Says October 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 Canada October 25, 2012The mobile payment company will expand its presence outside the U.S. for the first time.
Visa Names Former JPMorgan Chase Retail Head as New CEO October 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 Capabilities October 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 Rules October 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. Awareness and Interest in Mobile Money Services Grows in Developing World October 23, 2012Consumers want to make payments and send funds with their mobile devices, but issues with ease of use and trust in service providers remain biggest barriers to adoption, a Visa survey found. Chexar and Visa Deliver Mobile RDC to Prepaid Cardholders October 23, 2012Visa prepaid cardholders will be able to deposit their checks with their mobile devices on to their prepaid cards, gaining immediate access to their funds. Majority of IT Departments Ignorant of BYOD: Report October 23, 2012Industry analyst Ovum surveyed 4,000 employees from around the world on their corporate BYOD policy.
First Virginia Community Bank Completes Acquisition of First Commonwealth Bank of Virginia October 22, 2012The acquisition is the first in the history of the 5-old-bank and will add $410 million in assets to the institution. J.P. Morgan Treasury Services Draws on Consumerization Trend in Relaunch of ACCESS Portal October 22, 2012J.P. Morgan Treasury Services draws on consumerization trend in relaunch of ACCESS portal; new platform for corporate clients was developed using collaborative agile methodologies. Ex-Chase Exec Tapped for New Huntington Bank CTO Position October 22, 2012Huntington Bank announced the hiring today of Paul Heller, formerly of JPMorgan Chase, as the bank's new chief technology and operations officer. U.S. Bank Unveils Windows Phone Mobile Banking App October 22, 2012The Minneapolis-based bank said it has developed two apps for the phone -- one through U.S. Bank's Wealth Management division and the other
through U.S. Bank Retail Payment Solutions. See more news