Adaptation is Key for Banks to SucceedMarch 20, 2013A report from Equifax says that banks need to change how they define themselves internally and externally and adapt their mindset, operations, products and services to better meet customers’ evolving wants and needs.
Cyprus Denies Deal to Sell Cyprus Popular BankMarch 20, 2013The Cypriot government denied
on Wednesday that it had struck a deal to sell Cyprus Popular
Bank to Russian investors as it tries to shore up its
crippled banking sector.
How Banks Can Compete In the Mobile Shopping MarketMarch 19, 2013By combining targeted coupon offers based on transactional data with a layered shopping experience that includes social media and gaming, banks can win big with mobile shopping apps, and position themselves for mobile wallet adoption.
FIS Looks Forward On MobileMarch 19, 2013The financial technology provider's recent acquisition of mobile banking and payment solutions provider mFoundry is part of a larger, long-term mobile strategy.
Cyprus Tries to Rework Divisive Bank TaxMarch 18, 2013Cypriot ministers rushed on
Monday to revise a plan to seize money from bank deposits as
part of an EU bailout, in an effort to ensure lawmakers
supported it in a vote later in the day.
Fed tells JPMorgan, Goldman to Improve Capital PlansMarch 14, 2013In a blow to two major Wall Street
banks, the Federal Reserve told Goldman Sachs and
JPMorgan Chase that they must fix flaws in how they
determine capital payouts to shareholders, but still approved
their plans for share buybacks and dividends.
JPMorgan Ignored Risks, Fought Regulators: Senate ReportMarch 14, 2013JPMorgan Chase & Co
ignored risks, misled investors, fought with regulators and
tried to work around rules as it dealt with mushrooming losses
in a derivatives portfolio, a Senate report alleged in a damning
review of the largest U.S. bank's managemen
UBS Chief Executive Paid $9 Million After RevampMarch 14, 2013UBS drew fire
on Thursday as it announced it paid CEO Sergio Ermotti almost $9
million in 2012 and welcomed a new investment bank chief with a
$26 million package, just as the Swiss bank is in the process of
firing 10,000 staff.
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.