financial institutions

Compliance Functions Lag on Tech Savvy
Robotic Process Automation

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.
By David McCann | September 20, 2018
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Banks Making a Bundle
Credit

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.
By Vincent Ryan | August 24, 2018
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Home Depot to Pay $27M Over Data Breach
Technology

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.
By Matthew Heller | March 10, 2017
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Dodd-Frank: Benefits Among the Burdens
Technology

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.
By Mallinath Sengupta | March 7, 2017
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Bank Profits Rise 7.7% to $43.7 Billion in Q4
Financial Performance

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.
By Matthew Heller | March 1, 2017
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U.S. Unveils Anti-Money Laundering Package
Risk & Compliance

U.S. Unveils Anti-Money Laundering Package

The measures include requiring financial institutions to identify the beneficial owners of companies opening accounts with them.
By Matthew Heller | May 10, 2016
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Ex-Rabobank Traders Get Jail for Libor Rigging
Risk & Compliance

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.
By Katie Kuehner-Hebert | March 11, 2016
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Can U.S. Regulators Control Bitcoin?
Risk & Compliance

Can U.S. Regulators Control Bitcoin?

Law-enforcement officials agree that the benefits of a virtual currency like Bitcoin outweigh the risks, but they also insist Bitcoin needs regulation.
By Alissa Ponchione | November 19, 2013
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