Canada's Top Six Banks to Get Capital Surcharge as of 2016March 26, 2013Canada's banking watchdog said
on Tuesday it sees the country's six largest banks as being of
systemic importance to the domestic economy and that it will
make them keep 1 percent more capital on hand starting January
2016 to protect them from financial di
Basel Committee Proposes Cap to Halve Bank ExposuresMarch 26, 2013A bank should limit its
exposure to any other single bank at no more than 5 percent of
its capital base to ensure it can stay in business if the other
lender defaults, global regulators proposed on Tuesday.
Big Data At J.P. Morgan: Delivering The FirmMarch 25, 2013Vipul Shah has global responsibility for strategy and business development for J.P. Morgan's Treasury Services operations. He looks for new growth opportunities, as well as ways the bank can deliver value to corporate clients from transformational technology trends such as big data. 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.
The End of Indian IT Staffing as We Know ItMarch 24, 2013India's IT
outsourcers are promoting "mini CEOs" capable of running
businesses on their own, while trimming down on the hordes of
entry-level computer coders they normally hire as they try to
squeeze more profits out of their staff.
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.