From Hannaford to Countrywide to the Bank of New York Mellon, 2008 has been a year of high-profile security breaches in or impacting the financial services industry. Here's our list of the top 10 - and lessons that should be learned, so we aren't back revisiting these issues in '09.
Earlier this year, The TJX...
In a move to bolster its budget and bulk up its staff, the Federal Deposit Insurance Corporation (FDIC) this week approved its 2009 operating budget and added more than 1,400 staff positions to be filled in the new year.
In naming some of the final key positions in his cabinet on Thursday, President-elect Barack Obama says he blames much of the nation's economic woes on government regulators who "dropped the ball," and called for a tougher enforcement stance and a return to ethical business practices.
When President-elect Barack Obama enters office next year, his first task will be rebuilding the country's sinking economy, and the figure he will be asking Congress to do it may be as high as $850 billion, cites one of his close advisers.
Wall Street responded to the Federal Reserve's historic interest rate cut with the Dow Jones Industrial Average jumping 360 points along with broad indexes pushing up more than 5 percent. The U.S. central bank Chairman Ben Bernanke pledged that the Fed would use all of its available tools to rescue the nation's...
Amidst the bad tidings of this particular holiday season - bank closures, market losses and mass layoffs - comes a ray of hope. There are some good, solid job prospects for banking/security professionals in 2009.
Interviews with industry and employment leaders reveal the top growth areas for job seekers looking to...
When deciding if you need more certification or training in good years, it's an easy decision. Now in an economic tsunami, information security pros seek shelter from possible downsizing or elimination of their positions.
The Federal Reserve slashed its target for a key interest rate to the lowest level on record, down to zero to 0.25 percent. Federal Reserve Chairman Ben Bernanke says the Fed will use "all available tools" to battle against the current financial crisis and prolonged recession.
It's just another blow to consumer confidence in the financial services industry.
Bernard Madoff, former chairman of the Nasdaq Stock Market and founder of the Madoff Securities firm, was arrested by federal law enforcement last Thursday and charged with running a $50 billion "Ponzi scheme" with a hedge fund that...
Two more banks have failed and been closed by banking regulators. The Haven Trust Bank, Duluth, GA, was shut down by the Georgia Department of Banking and Finance, while Sanderson State Bank, Sanderson, TX was closed by the Texas Department of Banking.