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...
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.
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.
Police in three Ohio cities are investigating the theft of three large storage bins from bank branches earlier this month. The storage bins were used to store paper waiting to be shredded. The most puzzling part of the theft is how the thief was able to remove the bins, which were reported to weigh more than 500...
Financial institutions in Kansas and New York report that their customers have received automated phone messages trying to trick them into giving out their banking information. These attacks follow an earlier spate of phone phishing attacks that hit 10 financial institutions in three other states.
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.
Interview with Pete Fahrenthold of Continental Airlines, RIMS
Enterprise Risk Management (ERM) is a topic of interest throughout an organization - and increasingly at the board of director level.
But how does a security leader engage the board on ERM - and keep it engaged?
Pete Fahrenthold of Continental...
Seven banks and one credit union failed on Friday, Oct. 23, raising to 124 the number of 2009's failed institutions.
So far this year, 106 banks and 18 credit unions have been closed, acquired or placed into conservatorship.
Here is a rundown of the latest failures: