The nation's financial services system U.S. financial system is beginning to adjust, and lending is beginning to improve. But more restructuring is still ahead for the industry, says Treasury Secretary Timothy Geithner in a speech before the Independent Community Bankers of America (ICBA).
There are more opportunities than ever for skilled information security professionals.
This is the belief of Gerald Masson, Director of Johns Hopkins University Information Security Institute, and in an exclusive interview he discusses:
Job prospects for information security professionals in the public and...
The work done thus far by banks to raise capital is "encouraging," says Federal Reserve Chairman Ben Bernanke, who requests firms to identify other risks through internal stress tests.
The announcement by Heartland Payment Systems (HPY) that it will offer its merchants end-to-end encryption capabilities is seen as a positive step by industry experts. Yet, these same experts also warn that this measure will not solve all of the security issues that Heartland and other payment processors face from...
A Bremerton, WA-based institution, Westsound Bank, was closed on Friday by the Washington Department of Financial Institutions. It is the 33rd FDIC-insured bank to fail in 2009. The FDIC arranged for the failed bank's deposits to be sold to Kitsap Bank Port Orchard, WA.
Information security policies and procedures are the cornerstone of any information security program - and they are among the items that typically receive the greatest scrutiny from examiners and regulators. Cursory, disconnected or poorly communicated security policies will fail and likely drag down the overall...
The stress test results are in, and the news is that of the 19 banks evaluated, 10 will need to raise additional capital -- another $75 billion in total. These stress tests were seen as a major indicator of the level of stability in the banking industry, which is held as a foundation to the country's recovery from the...
The Chairman of the Federal Deposit Insurance Corp. sees a change is needed to oversee big institutions that may put the entire economy at risk.
Sheila Bair's comments came a day before the stress test results of the nation's 19 largest banks were to be made public.
Federal Reserve Chairman Ben Bernanke told the Congress' Joint Economic Committee that the economy should begin growing again later this year. This testimony is Bernanke's most optimistic outlook of the national economy since the recession began.
It's a simple proposition for successful applicants to the Scholarship for Service (SFS) Program: Get your information security education paid for, and then come work for the U.S. government.
"It's one of the most generous scholarships I've ever seen," says Victor Piotrowski, Lead Program Director of SFS for the...
A new Federal Reserve report shows most U.S. banks expect more loans to be delinquent and losses will increase this year. In a survey of senior loan officers, more than 70 percent say bad loans will rise should the economy continue to progress as projected by economists. More banks say they have made it harder for...
The Federal Reserve's stress test results may show that 10 bank holding companies will need more money to stay above the water line. Banks are getting more of the results today from the Federal Reserve, and the examination results will be released to the public on May 7 after the markets close.
OK, back home and back in the office fulltime after a couple of weeks on the road to California for the RSA Conference and a bit of R&R. Some observations as I clear my desk ...
This was the closure that got everybody's attention.
It was back in July 2008 when IndyMac Bank, a $32 billion asset Pasadena, CA-based institution, was closed by its federal regulator, the Office of Thrift Supervision and then reopened the following Monday as the IndyMac Federal Savings Bank. The transition was...
Three more banks were closed by banking regulators on Friday, May 1, bringing the total number of failed banks so far in 2009 to 32.
The largest of the three to fail was Silverton Bank N.A., of Atlanta, GA. It has $4.1 billion in assets and $3.3 billion in deposits. The Office of the Comptroller of the Currency...
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