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.
As the swine flu outbreak triggers new fears of a global pandemic, security organizations must dust off and review their emergency management plans. For insight on how to prepare for swine flu, pandemic expert Regina Phelps offers expert insight on:
What you need to know about swine flu;
How your organization...
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...
The H1N1 flu has spread to 30 states, and the number of countries with confirmed cases has risen to 20 from two in less than a week. Declaration of a pandemic is imminent, says the World Health Organization, even as the Mexican president says his country is beating the virus and may return to normal this week.
In U.S., 11 States Have Confirmed Cases; 20 More States Report Suspected Cases
The number of confirmed cases of the H1N1 virus or swine flu stands at 331 people, the World Health Organization says Friday. Confirmed cases of swine flu worldwide were 257 Thursday. See U.S. map.
The House voted on the Credit Cardholders' Bill of Rights on Thursday and overwhelmingly approved the bill that is aimed squarely at protecting consumers from usury rates and hidden fees by credit card companies.
The CISSP has become almost ubiquitous among information security professionals. The same can be said for many industry- and technology-specific certifications.
So, what is it - beyond certifications -- that really jumps out from a resume and impresses a prospective employer?
We asked several hiring managers for...
I certainly wasn't around during the Spanish Flu pandemic of 1918-1919 - I vaguely remember the 1968 Asian Flu pandemic as a small child - but some of my relatives recall that health catastrophe of 88 years ago.
My 95-year-old great uncle remembers the 1919 school year as being abbreviated, cut short as a second...