The nation is facing the economic crisis of the century, but Treasury Secretary Henry Paulson on Thursday warned against the passage of harsh financial industry regulations. Paulson, who calls the financial storm now swirling around the glob a "once or twice" in a 100 years event, warmed that imposing strict...
Interview With George Tubin, Research Director, TowerGroup
Keeping the customer satisfied - and getting more of them. Many more.
These are among the priorities of banking institutions in 2009, according to a new survey by TowerGroup, "2009 Top 10 Business Drivers, Strategic Responses and IT Initiatives in Retail...
Interview With David Schneier of Icons, Inc.
The market fluctuates, budgets shift, staffing resources change. But regulatory mandates? They stay the same.
Despite the economic downturn and its broad effects, banking institutions continue to be held to - and measure up to - exacting standards from regulatory...
On Thursday, GMAC Financial Services, the GM finance arm, applied to the Federal Reserve to become a bank holding company, allowing it to be eligible for aid under the Treasury's $700 billion bank rescue plan. The Treasury has so far invested $158.5 billion under the Troubled Asset Relief Program (TARP) in 23 banks in...
Interview With Christine Barry, Research Director, Aite Group LLC
An unpredictable market, a new financial services landscape, and an incoming Democratic administration.
This year has been full of change, and the New Year promises even more. To gain some perspective on banking/security priorities in 2009, we...
Consumer prices dropped by the largest amount in the past 61 years last month, as analysts speculate that the government's efforts to stabilize the financial services industry and stock markets may be too reactive and changing too quickly.
Stocks opened lower in trading on Wednesday, with already nervous investors...
As wild as the end of 2008 has been, I can't get my mind off 2009.
This is because I'm just now helping to put the finishing touches on our annual State of Banking Information Security survey, which helps us take the pulse of the banking/security community, so we can gauge the priorities for the year ahead.
Last...
A week after doing a 180-degree change in direction with the $700 billion dollar bailout, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke on Tuesday defended their choice. The plan is now focused on infusing liquidity into banks to increase lending to consumers, rather than buying up toxic...
I was watching CNN this morning, and one of the stories they covered was that of President-elect Obama's selecting his cabinet. In a poll taken regarding this topic, 41% of respondents identified the Secretary of the Treasury as the most important position to be filled; Secretary of State was a distant second at 25%....
At a time when resources are tight and risks are abundant, many banking institutions are going mobile.
This is one of the findings of the recent Banking Confidence Survey, wherein 41% of respondents say their immediate business objectives include investment in new and enhanced services such as mobile banking. Their...
This week's news begins with word that banking giant Citigroup will slash more than 50,000 jobs over the next year due to the souring economic outlook. These cuts are in addition to the 22,000 already announced to cut the bank's 375,000 staff. The latest cuts total 20 percent of Citi's workforce.
This news is on...
Mobile Payment Systems, Social Media, Facebook and LinkedIn. These are among the targets of the modern-day money launderer, and it behooves your institution to understand and prepare for them. Register for this webinar to hear directly from money-laundering investigator Kevin Sullivan:
The...
"Who's watching the road?"
That's the question many observers ask amidst the global economic crisis, with its wild market fluctuations and historic failures of well-known banking institutions such as Washington Mutual and IndyMac.
But don't blame these failures solely on institutions' audit committees for being...
Given the increased external scrutiny of banking institutions, what are the requisite skills and responsibilities for internal auditors?
"Up to now the internal auditors and the audit committee at banks have been mainly concerned with what the regulators and examiners have to say, and their prime focus has been on...
As the top world leaders arrive in Washington today to meet in the G-20 summit, the US stock markets climbed out of a three day slide despite news of record numbers of new unemployment claims hitting the highest level since after 9-11.
Market Update
Stocks surged up 552 points as the Dow posted its third highest...
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing bankinfosecurity.com, you agree to our use of cookies.
