After the run-up for Tuesday's election, post-election Wall Street showed its nerves about the recession on Wednesday. The recent spate of poor earnings and unemployment figures made for a volatile day, with the Dow Jones Industrial Average falling nearly 500 points and all major indexes dropping more than 5 percent.
Interview with Chris Williston of the Independent Bankers Association of Texas
We're amidst an historic economic juncture, and we've just experienced an historic Presidential election. So, what's on the community banking agenda, and how are institutions strengthening - and expanding - their relationships with...
The RSA Fraud Action Research Team says it has found a single Trojan that it believes to be behind the theft of more than 500,000 online bank account credentials, credit cards and many other resources.
The security vendor's team revealed its findings late last week and says the gang behind the Trojan may have been...
Interview with Stephen Verdier of the Independent Community Bankers of America
On Nov. 4, America elected Democrat Barack Obama as its next President, and the Democratic Party also cushioned its majorities in both the House and Senate.
So, what does a Democratic federal government portend for the U.S. banking...
Interview with Eva Weber of the Aite Group
So, given the results of the Presidential and Congressional elections, what does a Democratic federal government mean to the U.S. banking industry?
In an exclusive interview, Eve Weber, analyst with the Aite Group, a Boston-based financial services consultancy,...
Standing in line to vote yesterday evening at my local middle school, I thought there were a lot of things that the 44th President will have to fix: the economy, the country, the federal government, the out of whack federal budget. Whew! That's a lot, just on a national scale; we're not even talking global problems...
Microsoft Windows vulnerabilities are decreasing, but malware is increasing.
This is the news from the latest report of Microsoft's global view of the threat landscape from hundreds of millions of computers around the world.
The Microsoft Security Intelligence Report shows that the total amount of malware and...
As Americans lined up to vote on Tuesday, the European markets responded to expectations of an election day Wall Street bounce. Dow futures were up 183, about 2 percent, with investors clinging to the positive that the wait will soon be over to see who will become the 45th president of the United States.
On the...
With double-digit unemployment, central Michigan saw today's financial crisis long before much of the rest of the nation. And Dennis Angner has been front and center to see it.
Past chair of the Michigan Bankers Association, Angner is CEO if Isabella Bank Corp., a $1.5 billion community banking institution. In this...
Couple things I'd like to quickly bring to your attention.
First, have you checked out any of the new Bank Information Security Handbooks we introduced last week?
These electronic editions compile highlights of our content - articles, interviews, blog postings, agency alerts, etc. - in a unique format that gives...
November is here; let the examinations begin.
This past Saturday, Nov. 1, marked the compliance deadline for the Identity Theft Red Flags Rule. After nearly a year of waiting and preparation, financial institutions now are subject to examination by their regulators on their newly-enhanced ID theft prevention...
Freedom Bank of Bradenton, FL., was closed on Friday by state banking officials, thus becoming the 17th U.S. bank to fail so far this year.
Freedom Bank's deposits were assumed by Fifth Third Bank after the Federal Deposit Insurance Corp. (FDIC) was named receiver. The bank had total assets of $287 million and...
The federal government's plan to help up to 3 million homeowners facing foreclosure is still pending, as the world's stock markets slid in early trading Friday. Asian and European markets were trading down despite the announcement by Japan's central bank that it was cutting its prime interest rate from .05 percent...
Hard to believe that November 1 is already upon us, bringing the onset of the Identity Theft Red Flags Rule compliance. We've been reading about and discussing it for so long that it almost seemed as if though it would always remain six months away, but even a watched regulation eventually transitions into effect. ...
Asian and European markets rose Thursday after the U.S. Federal Reserve slashed interest rates to 1 percent, helping resuscitate the U.S. economy. The U.S. also announced it was opening new credit lines with other central banks, including New Zealand's central bank.
The Federal Reserve's half-point interest rate...
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