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...
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.
The federal banking regulatory agencies have issued a revised brochure, "You Have the Power to Stop Identity Theft," which is designed to help consumers prevent and resolve identity theft-related crimes.
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.
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...
From Hannaford to Countrywide to the Bank of New York Mellon, 2008 has been a year of high-profile security breaches in or impacting the financial services industry. Here's our list of the top 10 - and lessons that should be learned, so we aren't back revisiting these issues in '09.
Earlier this year, The TJX...