Cracks Appear in European Banking Union SchemeFebruary 08, 2013It was billed as a
reform that would tighten policing of Europe's banks and end
their ability to suck states into crisis. Now fears are growing
that a central element of banking union will be scaled back,
undermining the whole scheme.
MasterCard Advisors Partners With Analytics Firm Mu Sigma On Big DataFebruary 07, 2013The two companies announced a new partnership today to create new business intelligence by combining MasterCard’s consumer purchasing database with Mu Sigma’s analytics staff and techniques.
New Measures to Lift Veil on Banks' Capital RatiosFebruary 03, 2013The game may soon be up for banks
that have made themselves look healthier by understating how
risky their businesses are, which should help pension funds,
savers and companies to decide which institutions to invest in.
M&T Brings On Donald Truslow As New Chief Risk OfficerFebruary 01, 2013Truslow, who previously worked at The Financial Services Roundtable and Wachovia Corporation, will also serve as executive vice president and a member of the bank's management committee.
RIM to Rename Itself BlackBerryJanuary 30, 2013Research In Motion Ltd
is changing its name to BlackBerry, the company
announced on Wednesday, in move to refresh its tarnished image
as it begins marketing a reengineered line of BlackBerry 10
smartphones.
Google Expected to Win Mobile Wallet Wars, Study FindsJanuary 30, 2013A new survey released yesterday by ACI Worldwide found that the majority of retail professionals involved said Google would beat out PayPal and Isis in the mobile wallet wars.
Check Scanners That Detect Fake I.D.'s Help One Bank Fight FraudJanuary 30, 2013Check scanners from CTS North America have been enabled with technology that detects fake I.D.'s that have helped one community bank secure branch transactions and can authenticate remote check deposits.
Treasury Needs Exit Plan for Ally Financial, Says WatchdogJanuary 30, 2013The U.S. Treasury needs to develop a
concrete plan for exiting its 74 percent stake in auto
financing company Ally Financial Inc, the second-largest
remaining recipient of federal bailout dollars, an internal
watchdog said in a report released Wednesday.<
U.K. Watchdog Closes Lehman Case Against Auditor E&YJanuary 29, 2013Britain's accounting watchdog
declined to take any action against Ernst & Young (E&Y) over its
auditing of Lehman Brothers before the U.S. investment bank
failed in 2008 and triggered a near meltdown in global markets.
BofA's Moynihan Calls for Renewed Focus on CustomersJanuary 28, 2013Bank of America Corp must focus
on improving customer service as it moves past its crisis-era
problems, CEO Brian Moynihan said in a letter sent to employees,
signaling one of his strategies for boosting revenue at the
bank.
Non-Banks Take Early Lead in Mobile Wallet RaceJanuary 28, 2013A report from Carlisle & Gallagher finds that nontraditional financial institutions are the current mobile wallet frontrunners, though the battle is far from over.
Longtime Diebold CEO Swidarski Out After 17 YearsJanuary 25, 2013The company, a major manufacturer of ATMs, said the move was "in our stakeholders' best interests to make a change in leadership at this time."
More Than Half of Banks Hit by DDoS Attacks Last Year, Study FindsJanuary 23, 2013In a recent survey conducted by the Ponemon Institute, more than half of the banking IT professionals in the study said their bank had experienced at least one DDoS in the previous 12 months.
