OK, with less than two weeks to go, banking regulatory agencies are getting busy. Busier, I should say.
Last week saw both the OCC and FDIC release their approaches to the Identity Theft Red Flags Rule examination procedures.
No huge surprises here. But what's interesting is when you review the somewhat...
Despite economic setbacks this year, data security remains top-of-mind for the majority of community bankers.
Results from the 2008 Independent Community Bankers of America's (ICBA) Community Bank Technology Survey reveal that more than 80 percent of respondents are "vigorously maintaining data security" as their top...
Interview with David Richards, President of the Institute of Internal Auditors
Internal auditing has always been a key function within financial systems, and it becomes even more so when it comes to IT and information security.
In this exclusive interview, David Richards, President of the Institute of Internal...
All it took was a single word: "Recession."
Once a pair of Federal Reserve officials on Tuesday spoke openly of the U.S. economy being at risk of falling into recession, global markets lost all the steam they had gathered early in the week.
In the U.S., The Dow Jones Industrial Average on Weds, lost 733.08...
It's time to get real.
As we tackle this wild economy, which has deflated the market, toppled institutions, written history ... it's time to hear from real people to gain real insights on the events that are reshaping reality for us all.
Consider this my open call, then. Banking leaders: I'd like to speak to you...
Customer confidence - everyone from the President of the United States to the chairman of the community bank has an opinion about it and how it's suffered in the wake of recent economic events.
But how deep is this confidence crisis, and what exactly are banking institutions doing - if anything - to battle...
Insights on the Federal Rescue Plan - an Interview with Guillermo Kopp of TowerGroup
Tuesday's news was mainly about Wall Street, with the U.S. government pledging to invest up to $125 billion in nine of the nation's largest banks.
But Main Street banking institutions and their customers will be the ultimate...
The headlines have been made in Washington, D.C., but what's happening in the heartland?
Community banks make up more than 90 percent of the nation's 8000-plus banking institutions, and it's important to hear from their senior leaders on such topics as safety and soundness, customer confidence and business/security...
Like most of our readership I've been so caught up in the drama of our current economic crisis that I've thought of little else. But just the other day I participated in a management discussion in which I was asked what the practice has been hearing in the field. Are our clients consumed or distracted by what's...
I've heard many, many comments, analyses, opinions and otherwise regarding the current economic condition of the United States. I've heard that we should blame sub-prime mortgages. I've heard greedy CEOs are to blame. I've even heard that if we (the United States) had universal healthcare, we wouldn't be in this...
As the U.S. financial market prepared to reopen on Monday (a state and federal holiday), depositors of two banks were set to meet their new institutions.
The Federal Deposit Insurance Corporation (FDIC) announced late Friday the closings of Main Street Bank of Northville, MI., and Meridian Bank of Eldred, IL....
While Wall Street institutions struggle to survive, Main Street banking businesses stand safe and sound.
This is the message to consumers from community banking institutions - that they've made smart investment decisions, and they're not in jeopardy from the fallout of the global credit crunch. From newspaper...
As the markets tumble and the American consumer watches retirement funds evaporate, fraudsters are eagerly seeking new victims.
The Federal Deposit Insurance Corporation (FDIC) warns consumers to beware fraudulent emails purporting to be from the agency. In a news alert issued on Thursday, the FDIC warns recipients...
Interview with Nancy Atkinson of Aite Group
Market crashes, bank closures, history in the making.
Today's news is filled with troubling symptoms of the global credit crunch. Yet, despite this economic crisis, regulatory compliance and risk management remain top priorities of banking institutions.
In this...
In an unprecedented move, U.S. Department of Treasury sources say the federal government may inject funds directly into troubled banks in order to get banks to begin lending -- another move to try to stabilize the shaky stock markets.
The European markets rallied behind the news that leaked yesterday, and the US...
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