U.S. markets close out 2008 trading on Wednesday, as futures show a mixed opening. Foreign markets were up mostly higher, including Toyko and Asian markets ending 2008 higher in the final day of trading.
Looking ahead to 2009, banking/security guru Steve Katz quotes the ancient proverb: "May you live in interesting times."
With a new administration, new banking landscape and regulatory changes expected, we live in interesting times, indeed.
The recession is officially here, and major banking institutions are announcing thousands of layoffs weekly. And, yet, now is a good time for information security professionals, whose skills and expertise are in greater demand than ever.
The year 2008 was marked with significant milestones. Major banks and investment firms around the globe foundered, failed and were acquired or propped up by their governments and regulatory overseers. Stock markets plunged as the subprime problems of investors around the world began unraveling. Opportunistic fraud was...
GMAC's approval last week to become a bank holding company may lead to the automobile finance company asking for as much as $6 billion in TARP funds from the Treasury. It may also sell up to $17.5 billion in government-backed debt to meet credit obligations. The bonds would be backed by the Federal Deposit Insurance...
Getting people on the phone this time of year can be quite a challenge. Between getting ready for the holidays, celebrating the holidays and trying to wrap up everything outstanding before year end there's simply a shortage of available time. And so as we work on building out the project schedule for the first...
Given 2008's global financial crisis, what can we expect in terms of new legislation and regulation in 2009?
Aite Group, the Boston-based financial services analyst firm, takes a stab at answering this question in a new report "What Next? Legislative and Regulatory Response to the Financial Crisis."
There was no ho-ho-ho for retailers this holiday season. Despite slashing prices before Christmas, U.S. retailers received lumps of coal in their stockings, as sliding sales across several key areas of consumer spending showed consumers weren't in the holiday spirit to buy.
Wow - we've been part of quite a bit of quick decision-making recently. Financial institutions going out of business almost overnight, trillions of dollars being offered from the U.S. government in the blink of an eye, and the largest in the industry merging with and/or acquiring peer institutions within weeks.
The Identity Theft Resource Center in San Diego has made some dire predictions for businesses and consumers to ponder for next year.
Here's a list of some of the things that ITRC sees as causing the most problems in the identity theft arena. Some are already hitting financial institutions and their customers.
The only people taking advantage of home sales are the bargain hunters buying at distressed sale prices, says the National Association of Realtors. The industry association says the number of existing homes sold in November dropped precipitously 8.6 percent and median home prices suffered the worst drops.
Sitting down at your desk wondering how you're going to get your info sec budget through the next finance meeting unscathed and still manage to meet all of your department's regulatory requirements? Well, I can assure you, you're not alone.
It's been a wild year for the banking industry, and 2009 promises to be an eventful one, too, with a new Presidential administration and discussion of new industry regulations.
To reflect on the year behind us and consider the year ahead, we caught up with Doug Johnson, Vice President of Risk Management Policy with...
Investors that were looking for good news on Monday saw stocks fall in a low volume trading session full of concerns about falling oil prices, end of year corporate earnings and the continuing problems facing automakers.
Dow Jones industrial average fell 0.7 percent, and Standard & Poor's 500 index also dropped 2...