Nine banks owned by FBOP Corporation were closed by regulators on Friday, Oct. 30, and their assets all acquired by U.S. Bank, NA, of Minneapolis, Minnesota.
This mass closure raises to 134 - 115 banks and 19 credit unions - the number of failed institutions so far in 2009.
A computer technician has been indicted in New York Supreme Court, charged with stealing the identities of more than 150 Bank of New York Mellon employees and using them to steal more than $1.1 million from charities, non-profit groups and other entities.
Adeniyi Adeyemi, a 27-year-old man from Brooklyn, was...
There are varied reasons why information security professionals transition from the public to the private sectors. But it is a common path and it is a move that often proves rewarding for individuals and organizations alike.
This year's BAI Retail Delivery Conference & Expo, beginning Nov. 3 in Boston, is the 32nd annual event - and it very much will reflect the times that financial institutions have experienced over the past year.
Risk management, social networking, customer confidence - these all will be major themes at this year's...
One of the pleasures of my job is that I get to talk to a lot of people. Bankers, regulators, analysts, security professionals. I enjoy the privilege of speaking to a broad range of thought-leaders and tapping into their insights into the challenges and opportunities of the world today.
And then, through the magic of...
The National Credit Union Administration (NCUA) board has voted to begin repaying through a special assessment the $310 million it borrowed from the Treasury department for corporate credit union stabilization.
From ACH to ATM, payments to phishing, fraud schemes abound. And bank customers and businesses are the targets.
So what can banking institutions do to fight back?
Bob Neitz is the senior vice president in charge of the Fraud Corporate Risk Management Program at Wells Fargo. In an exclusive interview, Neitz...
So, how many banking institutions have failed in 2009?
If you pay attention to the popular news media, then your answer is 106. And you'd be partially right. That is the number of FDIC-insured banks to have failed this year - the most in any year since about two President Bushes ago.
Malware, Consumer Technology, Social Networks Head the List of Vulnerabilities
Know what scares security expert John Pescatore the most? The image of a remote employee sitting at a home office or public setting, plugging into an unsecured network, accessing critical business data via a personal laptop or...
Increased demand during a severe pandemic could exceed the capacities of Internet providers' access networks for residential users and interfere with teleworkers in the securities market and other sectors, the Government Accountability Office says.