Top E.U. Banks Told to Write "Living Will"January 23, 2013Top banks in the European Union
must present so-called "living wills" by the year-end spelling
out how they would survive a crisis without taxpayer aid.
Tycoons Shunning Financial Services as They Get RicherJanuary 17, 2013Tycoons are shunning banks and
wealth managers, preferring to put a flood of money from selling
stakes in companies into property and new ventures rather than
trust industries whose reputations have been battered by the
global financial crisis.
Reorganize Banks That are 'Too Big to Fail,' Says Fed's FisherJanuary 16, 2013U.S. authorities should
reorganize the country's largest banks to protect against the
risk of institutions that are "too big to fail" and that would
saddle ordinary Americans with the cost of a bailout the next
time they get in trouble, a senior Federal Re
Early EMV Compliance Benefits U.S. MerchantsJanuary 16, 2013Even though the deadlines for merchants to comply with EMV are a few years off businesses can save money and prevent fraud if they accept EMV as soon as possible.
Fiserv Acquires Competitor Open SolutionsJanuary 15, 2013Fiserv acquired Open Solutions in a deal announced this morning, adding Open Solutions' technologies - such as parts DNA core processing platform - to Fiserv's offerings.
Security is Final Hurdle to Mass Mobile Payments AdoptionJanuary 14, 2013A paper by the Federal Reserve Bank of Boston finds that the ultimate broad adoption of mobile payments will be largely correlated with the security of each mobile platform; and that consumer education and stakeholder collaboration will be equally crucial
Oracle Updates Java, Security Experts Say Bugs RemainJanuary 13, 2013Oracle Corp released an
emergency update to its Java software for surfing the Web on
Sunday, but security experts said the update fails to protect
PCs from attack by hackers intent on committing cyber crimes.
JPMorgan Chase Faces U.S. Order to Improve ComplianceJanuary 11, 2013A U.S. regulatory probe of JP
Morgan Chase & Co is expected to result in an order that
the bank correct lapses in how it polices suspect money flows,
in an action expected as soon as Friday, people familiar with
the situation said.
American Express to Cut 5,400 JobsJanuary 10, 2013Credit card company American Express Co
said it would cut about 5,400 jobs, or 8.5 percent of
its workforce, as it restructures its business and pay legal