As Cyber Threats Build Against U.S., CEOs Ask For 'Light Touch'March 13, 2013Corporate leaders from the
defense, technology, energy and banking industries told
President Barack Obama on Wednesday they agreed cyber attacks
were a top security threat but that they were looking for a
"light touch" from the government in response to th
The Mobile Wallets Race: Placing Multiple BetsMarch 12, 2013Experts at BAI Payments Connect agree that several wallets will emerge successful from the mobile wallets race, and banks need to make multiple partnerships to stay ahead of the market.
Banking Supervisors May Seek to Simplify Capital RulesMarch 12, 2013Global banking regulators will examine whether their new rules forcing lenders to hold more capital to absorb any future losses should be simplified after criticism that they are too complex to be effective.
Britain Urged to Split Banks if New Rules FailMarch 11, 2013Britain should adopt
legislation that could force all banks to split routine retail
operations from riskier investment activities if new rules
designed to protect taxpayers fail, an influential panel of
BofA Looks to Play Catch-Up in Asia Corporate BankingMarch 08, 2013Bank of America Corp
will seek more lending and cash management business with
companies in Asia and elsewhere outside its U.S. home turf,
Chief Executive Brian Moynihan said, an area ripe for expansion
where it lags its big rivals.
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.
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.
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.