News Archive from November 15, 2012

Breaking Up Big Banks Still Not the Answer, Says FedNovember 15, 2012There remains much work to fix the "too big to fail" bank problem, but breaking up big financial institutions is still not the answer, an influential U.S. Federal Reserve official said on Thursday.
CFPB's Project Catalyst Aims to Influence Product and Service InnovationNovember 15, 2012A new CFPB project aims to increase innovation of "consumer-friendly" financial products and services.
Canada Libor Investigators Escalate Dispute with RBSNovember 14, 2012The Canadian agency investigating whether banks manipulated a key global interest rates accused Royal Bank of Scotland Group on Wednesday of failing to cooperate with its probe and of making misleading statements about it.
How to Better Coordinate Data and Processes Across Risk and FinanceNovember 14, 2012While CRO's have gained increase independence as a result of the regulatory environment, that same environment also requires strong integration between risk and finance.
Job Cuts, Regulation Push Bankers Toward Hedge FundsNovember 14, 2012The hedge fund industry is expected to see a wave of new launches in the next year by traders who have lost their jobs at investment banks or who have left in search of better pay.
SunTrust Selects Viewpointe Information Management SolutionNovember 14, 2012The bank will use the company's OnPointe solution to help manage information in its enterprise business systems.
Europe Seeks to Break Logjam Over Regime to Control BanksNovember 13, 2012EU finance ministers sought on Tuesday to break an impasse over a new regime to supervise banks, but with much of the plan contested, the European Union risks seeing this centrepiece reform unravel.
U.K. Finance Bonuses to Plummet as London Loses GroundNovember 12, 2012Bonuses for 2012 in London's financial sector will more than halve to 1.6 billion pounds ($2.5 billion) in total, a study found, and some shareholders are urging banks to cut pay even more.
Huntington Bank Scores Highest in Small Business Customer Satisfaction, Report SaysNovember 12, 2012J.D. Power and Associates released a new report last week showing lower levels of customer satisfaction among small business banking customers than retail customers.
First Full Smartphone Commuter Rail Ticketing System in U.S. LaunchedNovember 12, 2012The Massachusetts Bay Transportation Authority (MBTA) and mobile transit ticketing company Masabi jointly announced the service.
RIM to Introduce New BlackBerry 10 Devices on Jan. 30November 12, 2012Research In Motion Ltd plans to introduce its new line of BlackBerry 10 smartphones on Jan. 30, the company said on Monday, giving investors a measure of confidence that the long-awaited devices are nearing completion.
New Mobile Payments Platform for EMV CardsNovember 09, 2012VeriFone's SAIL EMV payments platform offers a solution that plugs into tablets and smartphones for accepting chip-and-pin payments.
Square Wallet Now Accepted at StarbucksNovember 08, 2012After the partnership between Square and Starbucks last summer, Starbucks customers can now pay for their coffee in-store with the Square Wallet.
Banks and Servicers Agree To Mortgage Relief for Sandy VictimsNovember 07, 2012A number of mortgage lenders in New York State have agreed to waive late payment fees and postpone foreclosures for Sandy victims.
PNC Names New Head of Operations and TechnologyNovember 07, 2012PNC names new head of operations and technology; seasoned financial services IT executive Steven Van Wyk leaves ING to replace Vice Chairman Thomas Whitford, who is retiring.
MasterCard and ING Launch EMV Internet Payments TrialNovember 07, 2012The solution being tested in the trial supports two scenarios: Consumers shopping and paying on a phone; and shopping on a PC or tablet, and then completing the payment step on their phone.
Election Gamble Backfires for Banks, Energy FirmsNovember 07, 2012Some urgent bridge-building will be required in the coming days if they are to influence financial regulation and energy policy over the next four years
U.S. Markets Want Clear Decision From Presidential VoteNovember 06, 2012Traders and investors seem to agree on one thing about Tuesday's U.S. presidential election: The markets want a clear winner by Wednesday morning.
New Survey Identifies Trends in Regulations, M&A, IT Spending For Community BanksNovember 06, 2012A new study by KPMG found that regulations are stifling organic growth and driving mergers and acquisitions among community banks.
Ernst & Young Survey Finds Businesses Struggle to Keep Up With Changing Security ThreatsNovember 06, 2012Three-quarters of those surveyed report an increase in external attacks, but there is no security architecture framework in place for 63 percent of the organizations.
BillGuard's Transaction Monitoring Added To Lemon's Digital WalletNovember 05, 2012BillGuard is extending it's reach in the digital wallets space, forming a new partnership that will add it's solution for transaction monitoring to the Lemon Wallet.
Sandy Highlights the Importance of Bank Disaster Recovery PlansNovember 05, 2012Protecting important facilities and data centers is paramount for financial institutions during any natural disaster.
Women Challenge Central Banking Men's ClubNovember 05, 2012When the European Parliament turned Yves Mersch down for a top central banking post, it wasn't because he lacked the expertise or experience; they rejected him because he is a man.
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.

See more news

News Archive from November 15, 2012

Upcoming Events

Featured Reports

Featured Whitepapers