Compliance Functions Lag on Tech Savvy
Many risk falling behind their peers or, worse, losing relevance because of failure to adopt the most modern technology tools, says Accenture.
Banks Making a Bundle
“The current economic expansion is the second longest on record, and the nation’s banks are stronger as a result," said the FDIC chair.
‘Financial CHOICE Act’ Would Be Big Boost for Banks
The proposed law would significantly amend the Dodd-Frank Act and restore flexibility to financial institutions.
Will Financial Services Regulations Ease Up?
With Republicans in charge of the government, regulatory constraints on financial services firms may begin to relax.
Home Depot to Pay $27M Over Data Breach
The settlement with affected financial institutions brings Home Depot's total payouts related to the massive 2014 hack to around $180 million.
Dodd-Frank: Benefits Among the Burdens
Whatever fate is in store for the Dodd-Frank Act, the systems financial institutions put in place to comply with the law should provide ongoing advantages.
Bank Profits Rise 7.7% to $43.7 Billion in Q4
The number of financial institutions on the FDIC’s “problem list” fell to the lowest level in more than seven years.
U.S. Unveils Anti-Money Laundering Package
The measures include requiring financial institutions to identify the beneficial owners of companies opening accounts with them.
Ex-Rabobank Traders Get Jail for Libor Rigging
"You can't go around ... helping rig one of the most important markets in the world and not pay the price," a judge says.