• NCUA: Temporary Corporate Credit Union Share Guarantee Program Extended

    Updated: 2010-08-31 22:44:21
    The National Credit Union Administration has extended the expiration date of NCUA's Temporary Corporate Credit Union Share Guarantee Program (TCCUSGP) from September 30, 2012, to December 31, 2012.

  • FDIC: FDIC Holds First in a Series of Roundtables on Financial Reform

    Updated: 2010-08-31 22:44:21
    As part of the implementation of the Dodd Frank Wall Street Reform and Consumer Protection Act, the Federal Deposit Insurance Corporation announced a series of roundtable discussions with external parties. The first discussion will take place on Tuesday, August 31, 2010, and focus on the new resolution authority provided in Dodd-Frank for the largest financial firms.

  • FDIC: Cayman Islands Monetary Authority Releases Revised List of Unregistered Entities

    Updated: 2010-08-31 22:44:21
    The Cayman Islands Monetary Authority has revised its list of entities that provide a Cayman Islands mailing address, but are neither registered nor licensed to conduct business activities regulated by the Cayman Islands Monetary Authority.

  • FDIC: Regulatory Relief, Guidance for Institutions in Areas of Illinois Affected by Severe Weather

    Updated: 2010-08-31 22:44:21
    The Federal Deposit Insurance Corp. has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Illinois affected by severe storms and flooding.

  • Mortgage Fraud: Compliance to be a Challenge

    Updated: 2010-08-31 22:44:21
    Attorney L.T. Lafferty says the greatest challenge financial institutions now face in mortgage lending is complying with new consumer protection regulations.

  • BankInfoSecurity.com Week in Review: Aug. 27, 2010

    Updated: 2010-08-31 22:44:21
    A review of this with week's top stories by managing editor Tracy Kitten: California Eyes Stronger Privacy Law; IBM Expert Offers Views on Top Security Trends and Fraud Risks.

  • Mobile Banking: It's Not About ROI

    Updated: 2010-08-31 22:44:21
    Tommy Sanderson, manager of electronic delivery for Miss.-based Renasant Bank, says when it comes to mobile banking, "We just want to keep on talking about it."

  • FDIC: 829 Troubled Banks

    Updated: 2010-08-31 22:44:21
    Highest Number of Problem Institutions Since 928 in 1993The Federal Deposit Insurance Corporation's "Problem Bank List" rose to 829 in the second quarter of 2010.

  • ID Theft: Courts Cracking Down

    Updated: 2010-08-31 22:44:21
    Ex-Prosecutor Says Courts Are Sending Message to HackersInterview with Kim Peretti of Pricewaterhouse Coopers: Are the courts taking a more severe sentencing approach to cybercrimes related to identity theft?

  • 10 Tips to Thwart Skimming

    Updated: 2010-08-31 22:44:21
    Best Practices for Protecting ATMs and POS TerminalsThe keys to thwarting card skimming can be summed up in four ways - layered security, monitoring, system audits and education.

  • SEC says it lacked authority to charge Moody’s over high ratings for risky investments

    Updated: 2010-08-31 22:28:35
    SEC says it lacked authority to charge Moody’s WASHINGTON — The Securities and Exchange Commission has declined to seek fraud charges against Moody’s Investors Services over its ratings of risky investments that led to the financial crisis. But the SEC said it decided against seeking civil charges only because it determined it lacked authority to charge a ... Read this article on Gaea Times at : SEC says it lacked authority to charge Moody’s over high ratings for risky investments.

  • Teamsters’ pension fight stalls bankruptcy sale of Philadelphia Inquirer, Daily News

    Updated: 2010-08-31 22:18:04
    Pension fight stalls sale of Philly newspapers PHILADELPHIA — The bankruptcy sale of Philadelphia’s two major newspapers has been delayed two weeks as creditors poised to take over try to hammer out labor contracts with several Teamsters units. Creditors won the April bankruptcy auction for The Philadelphia Inquirer and Philadelphia Daily News with a $139 million bid, .... Source   Gaea News Network.

  • Top 10 bailed-out banks spent over $16 million in 2010 first half lobbying on financial reform

    Updated: 2010-08-31 22:06:24
    more images more images 10 bailed-out banks spent $16.3M lobbying in 1H NEW YORK — The 10 banks that received the most bailout aid during the financial crisis spent over $16 million on lobbying efforts in the first half of 2010, as the debate over financial regulatory reform reached its height. Disclosure reports show that the banks that got [..] Read the original article: here.

  • SEC warns rating agencies to refrain from deceptive conduct; decides not to prosecute Moody’s

    Updated: 2010-08-31 21:07:16
    SEC warns agencies against deceptive ratings WASHINGTON — Federal regulators are warning credit rating agencies that they could face civil fraud charges for giving inaccurate ratings to investments. The Securities and Exchange Commission issued the warning Tuesday in a report on its investigation into a possible violation of the law by Moody’s Investors Service, one of the ... Read more : SEC warns rating agencies to refrain from deceptive conduct; decides not to prosecute Moody’s.

  • Federal judge temporarily blocks NY plan to tax reservation cigarette sales to non-Indians

    Updated: 2010-08-31 21:02:32
    Judge blocks NY plan to tax reservation cigarettes BUFFALO, N.Y. — A federal judge has temporarily blocked New York state’s plans to tax Native American cigarette sales to non-Indian customers. Judge Richard Arcara granted a request by two western New York tribes for a court order that would stop the state from imposing a $4.35 per-pack sales [..] Read the original article: here.

  • Paper or … ? California lawmakers to decide whether state should ban plastic shopping bags

    Updated: 2010-08-31 21:00:14
    Calif. bill seeks to ban plastic shopping bags SACRAMENTO, Calif. — Lawmakers are preparing to decide whether California should become the first state to ban disposable plastic shopping bags. The state Senate is schedule to vote Tuesday on the bill, which has been the subject of a furious lobbying campaign by the plastic bag manufacturing industry. It ... Original source on Gaea Times at : Paper or … ? California lawmakers to decide whether state should ban plastic shopping bags.

  • Commerce Dept finds that China unfairly helped its aluminum industry

    Updated: 2010-08-31 20:02:54
    US finds China unfairly helped aluminum industry WASHINGTON — The Obama administration, under congressional pressure to take a tough stance on Chinese trade policies, determined Tuesday that Beijing unfairly subsidized $514 million in aluminum products last year. The Commerce Department stopped short of making a stronger ruling on claims by U.S. leaders and manufacturers that an undervalued ... Original article on : Commerce Dept finds that China unfairly helped its aluminum industry.

  • Citigroup spent $1.47 million lobbying in 2nd qtr on Wall Street reform, banking regulations

    Updated: 2010-08-31 19:35:09
    Citigroup spent $1.47M lobbying in 2nd quarter NEW YORK — Citigroup Inc. spent $1.47 million in the second quarter to lobby the federal government on various aspects of the financial regulatory overhaul and other issues, according to a disclosure report. That’s 12 percent less than the $1.67 million the bank spent lobbying in the year-ago period. For the ... Read this article on Gaea Times at : Citigroup spent $1.47 million lobbying in 2nd qtr on Wall Street reform, banking regulations.

  • US Bank spends $407,260 in 2nd quarter on lobbying about financial reform, tax bills

    Updated: 2010-08-31 19:32:33
    more images more images US Bank spends $407,260 on lobbying in 2nd quarter NEW YORK — U.S. Bank spent $407,260 on lobbying the federal government in the second quarter, according to a disclosure report. That’s more than two-and-a-half times than the $160,000 that the Minneapolis-based bank spent in the second quarter last year. For the first six months of .... Source article   US Bank spends $407,260 in 2nd quarter on lobbying about financial reform, tax bills.

  • Goldman Sachs Group spends $1.58 million in 2nd qtr lobbying on financial regulatory overhaul

    Updated: 2010-08-31 19:29:29
    Goldman Sachs spends $1.58M on lobbying in 2nd qtr NEW YORK — Goldman Sachs Group Inc. spend $1.58 million in the second quarter to lobby the federal government on issues related to the financial regulatory overhaul that President Obama signed in July. That’s more than double the $630,000 the investment bank spent in last year’s second quarter. ... Read : Goldman Sachs Group spends $1.58 million in 2nd qtr lobbying on financial regulatory overhaul.

  • Morgan Stanley spends $770,000 in 2nd quarter on lobbying about financial regulatory reform

    Updated: 2010-08-31 19:26:12
    Morgan Stanley spends $770,000 lobbying in 2nd qtr NEW YORK — Morgan Stanley spent $770,000 in the second quarter lobbying the federal government on financial regulatory reform and other issues, according to a disclosure report. That’s down 7 percent from the $830,000 the investment bank spent in the year-ago quarter. For the first six months of the ... Read more »raquo;.

  • Bank of America spent 1.09 million in 2nd quarter lobbying federal government on reform

    Updated: 2010-08-31 19:23:59
    more images more images BofA spent $1.09 million lobbying government in 2Q NEW YORK — Bank of America Corp. spent $1.09 million in the second quarter to lobby the federal government on various aspects of the financial regulatory overhaul and other issues, according to a disclosure report. That’s up 36 percent from the $800,000 it spent in the 2009 .... Original article   Bank of America spent 1.09 million in 2nd quarter lobbying federal government on reform.

  • Wells Fargo spends $1.29 million during 2nd quarter lobbying on financial regulatory reform

    Updated: 2010-08-31 19:20:46
    more images more images Wells Fargo spent $1.29M lobbying government in 2Q NEW YORK — Wells Fargo & Co. spent $1.29 million during the second quarter to lobby the government on a broad range of financial regulatory reform measures, according to a disclosure report That’s an 87 percent leap from the $690,000 the San Francisco-based bank spent during the ... Read the original article on Gaea Times at : Wells Fargo spends $1.29 million during 2nd quarter lobbying on financial regulatory reform.

  • JPMorgan Chase spends $1.52 million in 2nd quarter lobbying on financial reform, other issues

    Updated: 2010-08-31 19:17:33
    more images more images JPMorgan Chase spends $1.52M lobbying in 2nd qtr NEW YORK — JPMorgan Chase Bank spent $1.52 million during the second quarter to lobby the government regarding the financial regulatory overhaul and other issues. That’s a 14 percent drop from the $1.76 million the New York-based bank spent a year earlier. For the first six months of ... Original article on : JPMorgan Chase spends $1.52 million in 2nd quarter lobbying on financial reform, other issues.

  • PNC Bank spends $90,000 in 2nd quarter on lobbying on financial regulatory reform

    Updated: 2010-08-31 19:16:16
    more images more images PNC Bank spends $90,000 on lobbying in 2nd quarter NEW YORK — PNC Bank spent $90,000 to lobby the federal government on financial regulatory reform in the second quarter, according to a disclosure report. That’s nearly half of the $170,000 the Pittsburgh-based bank spent a year earlier. For the first six months of the year, PNC ... Read the original article on Gaea Times at : PNC Bank spends $90,000 in 2nd quarter on lobbying on financial regulatory reform.

  • Fed Minutes: Central bank discussed further moves to support the economy if needed

    Updated: 2010-08-31 19:04:21
    Fed officials discussed further stimulus steps WASHINGTON — Federal Reserve officials signaled at their August meeting that they would consider going beyond a modest program to purchase government debt if necessary to boost the economy. Minutes of the Fed’s discussions from the Aug. 10 meeting show the central bank recognized that the economy could need further stimulus .... Read the original article   Fed Minutes: Central bank discussed further moves to support the economy if needed.

  • Visteon reorganization plan approved by court, clearing way for end to bankruptcy

    Updated: 2010-08-31 18:50:23
    Bankruptcy court approves Visteon Chapter 11 plan WILMINGTON, Del. — A federal judge confirmed auto parts supplier Visteon’s reorganization plan Tuesday, clearing the way for the company’s emergence from bankruptcy. Visteon, a major supplier of parts to Ford Motor Co., said that it expects to emerge from Chapter 11 bankruptcy by Oct. 1. The company, based in .... Read the original article   here.

  • Summary Box: Taiwan rejects Primus Holdings’ purchase of AIG life insurance unit

    Updated: 2010-08-31 18:50:16
    Summary Box: AIG’s sale of Taiwan unit on rocks NO WAY: Taiwanese regulators have rejected Primus Financial Holdings’ planned purchase of AIG’s Taiwan life insurance unit. WHY: Taiwan is concerned that the firm may be backed by funds from rival China. Taiwan law prohibits Chinese investment in the financial sector. HISTORY: American International Group Inc. announced the $2.15 .... Original article   Summary Box: Taiwan rejects Primus Holdings’ purchase of AIG life insurance unit.

  • Navy awards $27 million ship sensor contract to Flir Systems

    Updated: 2010-08-31 18:10:30
    Flir Systems gets $27M Navy contract WASHINGTON — The Navy has awarded a $27 million contract to Flir Systems Inc. for work on tracking equipment used on warships. The contract is for sensors and other tools that help surface ships track threats. Work on the project will take place in Wilsonville, Ore. and last through August 2015. Flir ... Read this article on Gaea Times at : Navy awards $27 million ship sensor contract to Flir Systems.

  • Honeywell awarded $219 million Air Force satellite contract change

    Updated: 2010-08-31 17:56:21
    Honeywell gets $219M for Air Force contract change WASHINGTON — The Air Force has awarded a $219 million contract modification for work on a military satellite network. The contract is for maintenance, network support and engineering of the Air Force Satellite Control Network. It was awarded to Honeywell Technology Solutions in Colorado Springs, Colo. Honeywell shares rose 19 ... Original article on : Honeywell awarded $219 million Air Force satellite contract change.

  • Summary Box: Now-expired tax credits boost June home prices in 17 cities, but momentum fading

    Updated: 2010-08-31 17:12:30
    Summary Box: Home prices rise in 17 cities in June HOME PRICES RISE: The Standard & Poor’s/Case-Shiller index of home prices in 20 major U.S. cities posted a 1 percent increase in June from a month earlier. Prices rose in 17 cities. MOMENTUM FADES: Several markets had weaker monthly gains in June than in the previous months, ... Original source on Gaea Times at : Summary Box: Now-expired tax credits boost June home prices in 17 cities, but momentum fading.

  • Stocks rally to end weak August after unexpected climb in consumer confidence

    Updated: 2010-08-31 15:06:53
    Stocks rise on surprise jump in consumer strength NEW YORK — A surprise jump in consumer confidence Tuesday gave stocks a modest lift, but the gains were kept in check as investors remain cautious about the economy. The upbeat report on consumer confidence in August gave traders a reprieve from a string of disappointing news on the ... Read : Stocks rally to end weak August after unexpected climb in consumer confidence.

  • Consumer Confidence Index ticks up to 53.5, but mood still gloomy amid job worries

    Updated: 2010-08-31 15:04:28
    Americans’ economic confidence ticks up slightly NEW YORK — Americans’ confidence in the economy improved slightly in August from July, but they’re still roughly as gloomy as a year ago. The downbeat sentiment underscores the challenges ahead for the increasingly shaky recovery and for retailers, which are grappling with a weak start to back-to-school shopping. Worries are .... Source article on Gaea Times at   Consumer Confidence Index ticks up to 53.5, but mood still gloomy amid job worries.

  • Some states suing to overturn health care law also line up for its retiree subsidy

    Updated: 2010-08-31 14:51:51
    more images more images more images more images more images more images more images more images Some states suing feds also claim health subsidies WASHINGTON — More than half a dozen states suing to overturn President Barack Obama’s health care law are also claiming its subsidies for covering retired state government employees, according to a list released Tuesday by the administration. About 2,000 employers have .... Original source   Some states suing to overturn health care law also line up for its retiree subsidy.

  • Stocks slide as traders expect consumer confidence to remain weak, drop in manufacturing

    Updated: 2010-08-31 14:39:11
    Stocks slip ahead of consumer confidence report NEW YORK — Stocks fell Tuesday as investors received more disappointing news about the economy. Manufacturing activity in the Midwest slowed in August, adding to concerns about a downturn in what had been the most consistent sector in the economy. The Chicago Purchasing Managers index dropped, following a similar trend .... Source   Stocks slide as traders expect consumer confidence to remain weak, drop in manufacturing.

  • Now-expired tax credits boost June home prices in 17 cities, but upward momentum has faded

    Updated: 2010-08-31 14:37:38
    Home prices rise in 17 cities in June WASHINGTON — Home prices rose in June for a third straight month as now-expired tax credits inspired a burst of home-buying. But prices are expected to fall through the rest of the year now that demand has faded. The Standard & Poor’s/Case-Shiller 20-city home price index released Tuesday posted ... Read more .

  • Home prices up 1 percent in June from May as tax credits lift market, prices rise in 17 cities

    Updated: 2010-08-31 14:04:12
    Home prices up 1 percent in June WASHINGTON — Home prices rose in June for the third straight month amid a burst of home-buying due to tax incentives that have since expired. The Standard & Poor’s/Case-Shiller 20-city home price index posted a 1 percent increase in June from May and was up 4.2 percent from a year .... Source article   Home prices up 1 percent in June from May as tax credits lift market, prices rise in 17 cities.

  • Taiwan rejects Primus Holdings’ purchase of AIG life insurance unit

    Updated: 2010-08-31 12:15:13
    Taiwan rejects Primus purchase of AIG unit TAIPEI, Taiwan — Taiwanese regulators on Tuesday rejected Primus Financial Holdings’ planned purchase of AIG’s Taiwan life insurance unit amid concerns that the Cayman Island-based firm may be backed by funds from rival China. American International Group Inc. announced the sale of the Taipei-based Nan Shan Life Insurance Co. in ... Read this article on Gaea Times at : Taiwan rejects Primus Holdings’ purchase of AIG life insurance unit.

  • Stock futures fall as investors prepare for more evidence of slowing economy

    Updated: 2010-08-31 11:44:40
    Stocks set to continue slide on economic worries NEW YORK — Stocks are set to continue their slide Tuesday as investors prepare for more disappointing news about the economy. Regional manufacturing activity in the Midwest is expected to have slowed this month, similar to declines in other parts of the country. Consumer confidence likely remained at low ... Read this article on Gaea Times at : Stock futures fall as investors prepare for more evidence of slowing economy.

  • Banks best customers? Themselves!

    Updated: 2010-08-31 08:35:00

  • SIBOS 2010: How do you see the world in 2025?

    Updated: 2010-08-31 08:29:34

  • Things worth reading: 31st August 2010

    Updated: 2010-08-31 08:09:06

  • Things worth reading: 30th August 2010

    Updated: 2010-08-30 07:49:31

  • Rise of the Machines: How Technology Can Lower Your Corporate IQ

    Updated: 2010-08-23 21:22:43
    When should you rely on a computer to make a decision, and when should you let less tangible measures -- instinct, customer relationships, professional experience, street smarts -- be your guide?

  • How Problems Can Help Build Your Brand

    Updated: 2010-08-20 18:49:07
    It isn’t really the problems that build your brand but how you address them. For years banks have done research to find out what brand attributes are most compelling to customers. And year after year, they got the same answers – customers value good service. So banks built their ad campaigns around the promise that [...]

  • Why Wall Street Buzzards Won't Halt Foreclosure Crisis

    Updated: 2010-08-18 16:10:43
    The WSJ says Lewis Ranieri and other distressed-debt investors are homeowners' best bet for avoiding foreclosure. If so, let us pray.

  • Green Shoots at Last: Small Business Lending Finally Starting to Thaw

    Updated: 2010-08-17 15:21:24
    After going into deep-freeze, lending to small businesses is finally starting to thaw. But that doesn't mean it's easy to get credit.

  • How Wells Fargo Used Overdraft Fees to Prey on Customers

    Updated: 2010-08-12 20:00:21
    In a blistering decision, U.S. district judge William Alsup ruled earlier this week that Wells Fargo (WFC) has been gouging customers for years by deliberately jacking up overdraft fees. If the...

  • Unrepentant Wall Street Inflating Another Bubble in Structured Notes

    Updated: 2010-08-10 16:00:21
    Wall Street is making a show of complying with the Dodd-Frank Act. So why is it using "structured notes" to inflate a new bubble?

  • What Financial Firms Can Do to Regain Customer Trust

    Updated: 2010-08-09 20:06:29
    It's no secret that many consumers don't trust their banks. But market researcher Doug Cottings says there are ways to change such perceptions. Step one? Communicate.

  • Innovate This: What Tim Geithner Still Doesn't Get About Financial Services

    Updated: 2010-08-04 22:45:27
    Tim Geither seems to think that financial innovation is a force for good. No. Nor is it a force for evil.

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