News Archive from March 7, 2013
U.S. Auditor Watchdog Criticizes PwC on Quality Control March 07, 2013The U.S. regulator of corporate auditors
criticized PricewaterhouseCoopers on Thursday for not
doing enough to ensure its audits were properly carried out, in
a rare public reprimand of a major accounting firm. Barclays Appoints Shaygan Kheradpir As Chief Operations and Technology Officer March 07, 2013Barclays announced the appointment today of Kheradpir, who will be responsible for the bank’s technology agenda moving forward. U.S. Bank Regulators Mull Rules For Money-Laundering Cases Against Execs March 07, 2013Bank regulators are
considering improving their ability to bar bank employees and
executives that violate anti-money laundering laws, a top
regulator will tell lawmakers later on Thursday, according to
prepared remarks. U.S. Bank Rolls Out Mobile Photo Bill Pay March 07, 2013The bank expects the service to entice customers to migrate to digital channels.
As Mobile Reshapes Payments Business, Fiserv Combines P2P Payments & Mobile Banking Offerings March 07, 2013Fiserv's integration of Popmoney and Mobiliti is intended to enhance the functionality of mobile banking while expanding reach of Popmoney payments network. Tablet Banking Demands Specialized User Experience: Report March 06, 2013Banks looking to optimize their investment need to recognize that consumers interact with tablets in a different way.
Microsoft Fined 561 Million Euros For Breaking E.U. Antitrust Promise March 06, 2013EU antitrust regulators fined
Microsoft 561 million euros ($731 million) on Wednesday
for breaking a promise to offer European consumers a choice of
web browser. Banks Urge U.S. Judge to Throw Out Libor Lawsuits March 05, 2013Banks facing a barrage of
lawsuits from customers accusing them of interest-rate rigging
argued on Tuesday that the cases should be dismissed, saying
there is no evidence of antitrust or other violations. Number of Undercapitalized Banks At Lowest Level Since 2009, Report Says March 05, 2013A report released today by SNL Financial shows that the number of undercapitalized banks has declined significantly in recent years, but much of that decline has been caused by bank failures. Wells Fargo May Test Mortgage Servicing Rights Market March 05, 2013Wells Fargo & Co could look to
sell mortgage servicing rights from time to time but isn't under
any capital pressure to do so, Chief Financial Officer Tim Sloan
said on Tuesday. 7 Big Data Players To Watch March 05, 2013New York City, IBM, State Street and four other organizations are developing innovative ways to leverage the ever-increasing volumes of data they're amassing. The Future of Multichannel Banking March 04, 2013A panel of bank technologists discussed the evolution of multichannel banking at Celent's Insight & Innovation Day.
IDC Predicts IT Spending To Increase 6% In U.S. In 2013 March 04, 2013IDC’s new version of its quarterly Black Book predicted that IT spending will rise as the economy improves in the second half of the year. Big Data At J.P. Morgan: Delivering The Firm March 04, 2013J.P. Morgan's Vipul Shah spoke with BS&T editorial director Katherine Burger about big data applications in the treasury services business and steps the bank is taking to deliver those services. HSBC, Standard Chartered to Cut Bonus Payouts on U.S. Fines March 03, 2013HSBC and Standard Chartered
will report a reduction in their bonus pools,
reflecting separate settlements with U.S. authorities over
probes into money laundering and sanctions violations, Sky News
reported on Sunday. Risk In The Supply Chain A Growing Concern for Banks and Regulators March 01, 2013A new white paper by Information Services Group argues that banks are falling short of regulatory standards in managing supply chain risk and governance. Consumer Appetite for Comprehensive, Mobile PFM Grows March 01, 2013PFM products need to evolve from a 1980s mentality, says a new report from Javelin Strategy & Research.
Consumers Yet To Trust Mobile Banking and Alternative Payments, Study Finds February 28, 2013A survey by BT Global Services suggests that consumers have yet to be sold on the security of mobile banking and alternative payments services. FINRA Tabs Citi's Randich as New CIO February 28, 2013Steven Randich, currently co-CIO at Citi, will begin his new role at the regulatory body on March 11.
U.S. Senate Approves Lew as Treasury Chief February 27, 2013The Senate confirmed Obama's nominee Jack Lew to succeed Timothy Geithner as U.S. Treasury Secretary yesterday. JPMorgan To Cut Up To 17,000 Jobs By End of 2014 February 26, 2013The cuts will mostly come from the mortgage and retail banking divisions as the bank looks to expand in other areas such as investment banking and credit cards.
U.S. Senate Panel Backs Lew for Treasury Secretary February 26, 2013Jack Lew's nomination for Treasury Secretary cleared the Senate Finance Committee yesterday, clearing the way for a full senate vote on his confirmation. How to Make The Jump from Mobile Commerce to Mobile Wallets February 26, 2013Mobile commerce is on the rise but providers need to offer an enhanced customer buying experience to get consumers to pay with their mobile devices at the point-of-sale. JPMorgan Chase to Cut Up to 4,000 Jobs in 2013 February 26, 2013JPMorgan Chase & Co
plans to cut 3,000 to 4,000 jobs in its consumer bank in 2013,
representing about 1.5 percent of the company's overall
workforce, it said in a presentation to investors on Tuesday. Bank Failures Down in 2013 February 26, 2013Three banks have been shuttered so far in 2013, compared with 11 over the same time period last year.
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