Sandy Shuts Down Wall StreetOctober 29, 2012Hurricane Sandy, the monster
storm bearing down on the U.S. East Coast, strengthened on
Monday after hundreds of thousands moved to higher ground,
public transport shut down and the U.S. stock market suffered
its first weather-related closure in 27 years.<
Credit Unions Outpacing Banks in DepositsJuly 31, 2012According to a new report from SNL Financial, credit unions enjoyed a rapid increase in deposits long before populist rhetoric over bank fees took hold.
FDIC Updates Stress Test Proposal January 17, 2012As part of its compliance with provisions of the Dodd-Frank regulation, the FDIC board is proposing stress testing for large banks, and says affected banks would benefit from "improved internal assessments of capital adequacy."
What Is Barney Frank's Legacy?November 28, 2011Barney Frank, the co-author of the Dodd-Frank legislation and advocate of tougher bank regulation, is expected to announce he will not seek reelection to Congress in 2012; he will leave mixed legacy for the financial services industry.
Will Regulatory Turmoil Be the Death of IT Innovation?June 21, 2010Washington has taken a strong stand on financial reform, and bankers say they understand that. But already-burdened technology organizations will have a hard time keeping up with the flood of changing requirements, and IT innovation may be the first to fal
Credit Crisis Reshapes Banking LandscapeOctober 30, 2008All has changed, utterly changed, to paraphrase Yeats. Major mergers, a decline in consumer trust and the prospect of increased regulation are sure to influence banks' technology spending for the foreseeable future.