At the recent SAS Financial Services Executive Summit, bankers gained insights into how to address the challenge of aligning technology and business in the age of big data analytics.
After PayPal launched a program last week offering free transaction processing for merchants who switch to its point of sale card reader, Square hit back yesterday by announcing it will be offering a P2P payments service via email.
U.S. Auditor Watchdog Criticizes PwC on Quality ControlMarch 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.
U.S. Bank Regulators Mull Rules For Money-Laundering Cases Against ExecsMarch 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.
Banks Urge U.S. Judge to Throw Out Libor LawsuitsMarch 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.
Wells Fargo May Test Mortgage Servicing Rights MarketMarch 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 WatchMarch 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 BankingMarch 04, 2013A panel of bank technologists discussed the evolution of multichannel banking at Celent's Insight & Innovation Day.
Big Data At J.P. Morgan: Delivering The FirmMarch 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. FinesMarch 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.
FINRA Tabs Citi's Randich as New CIOFebruary 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 ChiefFebruary 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 2014February 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 SecretaryFebruary 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 WalletsFebruary 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 2013February 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 2013February 26, 2013Three banks have been shuttered so far in 2013, compared with 11 over the same time period last year.
