By Kelvin Soh and Steve Slater, Reuters | December 06, 2012
expects to pay $330 million to settle a case with U.S.
regulators for breaking sanctions on Iran, the Asian-focused
bank said on Thursday, a second such penalty which could almost
wipe out its profit growth this year.
Compliance considerations and clear benefits in terms of recovery speed and cost are driving community banks to move their disaster recovery centers to the cloud. But some larger banks are hesitating to follow that path.