• The Finanser's Week: 25th October - 31st October 2010

    Updated: 2010-10-31 07:19:27

  • One Credit Union Closed

    Updated: 2010-10-30 16:47:08
    Actions Raise 2010 Tally to 161 Failed InstitutionsFederal and state regulators closed one credit union on Friday, Oct. 29

  • Editor's Choice: Fighting Keyloggers and the Global Zeus Fight

    Updated: 2010-10-30 16:47:07
    NIST scientists are working to help the industry beat keyloggers, and law enforcement agencies cross borders to launch their fight against Zeus, the world's nastiest and most sophisticated Trojan.

  • NCUA: The Union Credit Union Closes, Spokane, Wash.

    Updated: 2010-10-30 08:46:47
    The National Credit Union Administration was appointed liquidating agent of The Union Credit Union of Spokane, Wash., by the Washington Department of Financial Institutions after the DFI closed TUCU.

  • Week In Review: New PCI Standards Finalized; ID Theft: SARs On The Rise

    Updated: 2010-10-30 00:46:14
    This week's top news and views: Version 2.0 of the PCI Data Security Standard hits the streets and takes effect Jan. 1. And Identity theft is on the rise, and a new study from FinCEN finds that it's not cyberattacks that are compromising most consumers -- it's family and friends.

  • FBI on ACH Fraud Investigations

    Updated: 2010-10-30 00:46:13
    FBI agent Russ Brown has advice for fighting ACH fraud.

  • Mobile Security: Jumping the IP Hurdle

    Updated: 2010-10-29 16:45:40
    Authentication, Biometrics, Analytics Are Future of Mobile Security<brMobile devices, by their nature and reliance on wireless connectivity, have inherent security vulnerabilities. But those vulnerabilities can be overcome.

  • Things worth reading: 29th October 2010

    Updated: 2010-10-29 07:35:47

  • Chip & PIN Needs PCI

    Updated: 2010-10-28 15:18:04
    PCI Council's European Head Says EMV Alone is Not EnoughCard fraud, globalization and emerging technology are pushing U.S. merchants and card issuers to take closer looks at the EMV chip standard, and the PCI Security Standards Council is helping to lead the charge.

  • She popped her clogs

    Updated: 2010-10-28 07:29:17

  • Things worth reading: 28th October 2010

    Updated: 2010-10-28 06:06:16

  • Small is less than $5 billion

    Updated: 2010-10-27 15:14:10

  • “Asian banks are going to head West"

    Updated: 2010-10-27 12:02:36

  • Chinese Banking and the 200,000 1RMB notes

    Updated: 2010-10-27 09:03:57

  • Things worth reading: 27th October 2010

    Updated: 2010-10-27 07:18:44

  • FDIC: Regulatory Relief to Facilitate Recovery in Areas of Nebraska Affected by Severe Weather

    Updated: 2010-10-27 07:15:41
    The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Nebraska affected by severe storms, flooding, tornadoes and straight-line winds.

  • FDIC: Regulatory Relief, Guidance for Recovery in Wisconsin Areas Affected by Severe Weather

    Updated: 2010-10-27 07:15:40
    The FDIC has announced a series of steps intended to provide regulatory relief to financial institutions and facilitate recovery in areas of Wisconsin affected by severe storms and flooding.

  • The days of self-regulation are over

    Updated: 2010-10-26 13:02:43

  • A real tulip in Amsterdam

    Updated: 2010-10-26 09:18:34

  • Things worth reading: 26th October 2010

    Updated: 2010-10-26 06:31:29

  • Hyland Outlines Corporate Credit Union Resolution, Looks to Future

    Updated: 2010-10-25 23:38:03
    National Credit Union Administration (NCUA) Board Member Gigi Hyland today told the American Institute of Certified Public Accountants "Conference on Credit Unions" that NCUA is working to assist the credit union industry in weathering its "most significant financial and structural challenge" presented by a "perfect storm of over-concentration in private-label, mortgage-backed securities held by several large corporate credit unions."

  • "Social media will bring banks to their knees"

    Updated: 2010-10-25 15:25:48
    : The Financial Services Club's Blog Your email : address Powered by FeedBlitz Subscribe to this blog's feed About Recent Posts Social media will bring banks to their knees Banks are just safe keepers of data Chew lips from Amsterdam The Finanser's Week : 18th October 24th October 2010 Top Tips for Tradeshows Things worth reading : 22nd October 2010 How will banking be different in 100 years Things worth reading : 21st October 2010 The similarity between OTC derivatives and cheese Things worth reading : 21st October 2009 Recent Comments Chris Barry on Banks are just safe keepers of data WealthCity on The Rise of Islamic Finance Erik on Which nation will be next global superpower Fabrizzio Valencia on Innovation has nothing to with technology Pete Burden on How will banking be different in

  • Banks are just safe keepers of data

    Updated: 2010-10-25 12:23:26

  • Chew lips from Amsterdam

    Updated: 2010-10-25 09:02:48

  • How "Headline Risk" Could Force Bank of America, Wall Street to Their Knees

    Updated: 2010-10-20 18:09:55
    Although litigation by PIMCO, the New York Fed and other investors against BofA and its Countrywide unit faces major legal obstacles, the time is right for such pressure tactics.

  • Smoke and Mirrors Won't Help Bank of America, Wall Street

    Updated: 2010-10-19 18:51:05
    Bank of America's latest earnings report portrays the company as in recovery. Don't believe it.

  • How the Foreclosure Mess Could Cause Banks to Crash

    Updated: 2010-10-15 19:51:38
    Like those dark days of 2008, no one knows for sure how bad the robo-signing scandal could get.

  • Why Rampant Foreclosure Fraud Was Inevitable

    Updated: 2010-10-11 13:51:59
    Reports that lenders broke the law in hustling thousands of people out of their homes are no surprise given the massive level of fraud that characterized the housing bubble.

  • Schwarzenegger says California got ‘best’ offer to sell state office buildings amid downturn

    Updated: 2010-10-09 02:14:00
    Schwarzenegger: State got best offer for buildings SACRAMENTO, Calif. — While there are good reasons to own, Gov. Arnold Schwarzenegger said Friday that California has received solid offers to sell 24 state office buildings to private investors and then rent that space back. “It went through the bidding process … so let me tell you, we got ... Read the original article on Gaea Times at : Schwarzenegger says California got ‘best’ offer to sell state office buildings amid downturn.

  • In ugly Nevada Senate race, Angle says Reid helped to put Viagra in hands of child molesters

    Updated: 2010-10-09 01:01:14
    Angle: Reid helped child molesters get Viagra LAS VEGAS — In the ugliest ad so far in Nevada’s contentious Senate race, Republican Sharron Angle accuses Democrat Harry Reid of helping to put Viagra in the hands of child molesters. The TV spot is the latest in a string of scare-tactic ads flooding the Nevada airwaves in ... Read more »raquo;.

  • Calif. budget vote ends 100-day impasse but not state’s deficit, which will face new governor

    Updated: 2010-10-08 23:19:53
    California budget perpetuates deficit spending SACRAMENTO, Calif. — Even as California lawmakers passed a budget Friday to end an unprecedented 100-day impasse, their spending plan looked to be so tenuous that the next governor was expected to face a multibillion dollar deficit from the moment he or she steps into office next year. Two-thirds of the budget ... Read more .

  • Bank of America stops foreclosures across the country, expanding review of mortgage documents

    Updated: 2010-10-08 22:33:47
    Bank of America stops US foreclosures for review WASHINGTON — Bank of America on Friday halted foreclosures on homes across the country so it could review paperwork in tens of thousands of cases for flaws, expanding a crisis at a perilous time for the housing market. The move came as PNC Financial Services became the fourth major ... Read this article on Gaea Times at : Bank of America stops foreclosures across the country, expanding review of mortgage documents.

  • FDIC has authorized lawsuits against more than 50 executives, directors of failed banks

    Updated: 2010-10-08 21:54:27
    FDIC targets failed bank execs with legal action WASHINGTON — Federal regulators have authorized legal action against more than 50 executives and directors of collapsed U.S. banks as they seek to recover about $1 billion in losses. A spokesman for the Federal Deposit Insurance Corp. said Friday that the regulator’s board has approved possible lawsuits over the .... Source   Gaea News Network.

  • Union vote begins Nov. 2 for Delta Air Lines passenger service workers

    Updated: 2010-10-08 21:50:37
    Union vote dates set for some Delta ground workers MINNEAPOLIS — Passenger service workers at Delta Air Lines Inc. begin voting Nov. 2 on whether they want to be in a union. The International Association of Machinists and Aerospace Workers represented that group of workers at Northwest Airlines. It’s hoping to represent the combined group now that .... Original article on Gaea Times at   Union vote begins Nov. 2 for Delta Air Lines passenger service workers.

  • NJ Gov. Chris Christie agrees to rethink decision to cancel big rail tunnel project

    Updated: 2010-10-08 21:07:49
    NJ gov. agrees to reconsider tunnel cancellation TRENTON, N.J. — Under pressure from the Obama administration, Republican Gov. Chris Christie agreed Friday to rethink his decision to cancel construction of a $9 billion rail tunnel connecting New Jersey and New York City. Christie, a rising star in the GOP with a reputation as a fearless protector of .... Source article on Gaea Times at   NJ Gov. Chris Christie agrees to rethink decision to cancel big rail tunnel project.

  • Nevada casino winnings up 11.5 percent in August to $62 million; Vegas Strip up 21 percent

    Updated: 2010-10-08 20:55:32
    Nevada casino winnings up 11.5 percent in August LAS VEGAS — Casinos in Nevada won more than $944 million from gamblers in August, an increase of 11.5 percent compared with the same month one year ago, state gambling regulators said Friday. The Nevada Gaming Control Board said the state collected $61.8 million in taxes based on those ... Read more »raquo;»

  • Economy loses 95K jobs in September; Treasury rates drop on expectations of a Fed move

    Updated: 2010-10-08 20:46:01
    Treasury rates falling on gloomy jobs report NEW YORK — Treasury rates slipped for a fifth straight day after the government released another gloomy jobs report. The Labor Department said the economy lost 95,000 jobs in September. The unemployment rate remained 9.6 percent. That’s not as bad as the 9.7 percent unemployment rate the market expected. But traders .... Source   Gaea News Network.

  • Democrats, grasping to keep House control, spend heavily to build dam against GOP wave

    Updated: 2010-10-08 20:42:15
    House Democrats try to build anti-GOP firewall WASHINGTON — Democrats are pouring money into roughly two-dozen districts around the country and pulling it back from others as they struggle to keep control of the House in the campaign’s closing weeks. In the face of polls suggesting Republican gains, the Democrats are hoping to build a firewall through .... Original source   Democrats, grasping to keep House control, spend heavily to build dam against GOP wave.

  • Stocks climb as weak jobs report adds to hopes for Fed action; Dow moves above 11,000

    Updated: 2010-10-08 20:29:41
    Stocks rise on hopes of Fed move, Dow breaches 11k NEW YORK — Stocks rose Friday after another weak report on unemployment added to expectations that the Federal Reserve will step in to prop up the economy. The Dow Jones industrial average climbed above 11,000 for the first time since early May. High unemployment remains a major .... Read the original article   Stocks climb as weak jobs report adds to hopes for Fed action; Dow moves above 11,000.

  • Bank of America halts foreclosures in 50 states amid expanding furor over document errors

    Updated: 2010-10-08 19:19:51
    BofA halts foreclosures in 50 states WASHINGTON — A mushrooming crisis over potential flaws in foreclosure documents is threatening to throw the real estate industry into chaos, as Bank of America on Friday became the first bank to stop taking back tens of thousands of foreclosed homes in all 50 states. The move, along with another decision .... Original source   Bank of America halts foreclosures in 50 states amid expanding furor over document errors.

  • Neb. tax revenue beat projections in September for 2nd month in a row to help budget outlook

    Updated: 2010-10-08 18:30:53
    Neb. tax revenue tops projections 2 months in row LINCOLN, Neb. — Nebraska tax revenue beat projections in September for the second month in a row, according to a report released Friday, making it appear less likely a special legislative session will be needed to balance the current budget. The predictions for the next two-year state budget ... Read this article on Gaea Times at : Neb. tax revenue beat projections in September for 2nd month in a row to help budget outlook.

  • Treasury: Businesses adds 8.1M workers, qualify for new tax break for hiring unemployed

    Updated: 2010-10-08 17:26:34
    Treasury: 8.1M hires qualify for new tax break WASHINGTON — Businesses have hired 8.1 million workers under a new program that provides tax breaks for hiring unemployed workers, the Treasury Department said Friday. The report, however, does not estimate how many of those jobs would have been added without the tax break. President Barack Obama signed a law .... Read the original article   here.

  • Abbott voluntarily pulls Meridia off market in US and Canada due to heart attack risks

    Updated: 2010-10-08 17:15:36
    Abbott withdraws diet pill in US, Canada WASHINGTON — Abbott Laboratories said Friday it will withdraw its diet pill Meridia in the U.S. and Canada, after coming under pressure from health regulators who say the drug increases the risk of heart attack and stroke in patients with a history of heart disease. Companies have struggled for decades .... Source article   Abbott voluntarily pulls Meridia off market in US and Canada due to heart attack risks.

  • Dow strikes 11,000 as world markets recover on Fed easing hopes following soft jobs report

    Updated: 2010-10-08 17:06:33
    Dow strikes 11,000 as world markets recover LONDON — The Dow Jones index breached the 11,000 mark for the first time since May as world stocks recovered Friday on mounting expectations that the Federal Reserve will ease monetary policy further next month following weak U.S. jobs data. While the prospect of more dollars in the system helped ... Read more : Dow strikes 11,000 as world markets recover on Fed easing hopes following soft jobs report.

  • Stocks climb as weak jobs report adds to hopes for Fed action; Dow touches 11,000

    Updated: 2010-10-08 16:50:17
    Stocks rise on hopes of Fed move, Dow touches 11k NEW YORK — Stocks rose Friday after another weak report on unemployment added to expectations that the Federal Reserve will step in to prop up the economy. The Dow Jones industrial average climbed above 11,000 Friday for the first time since early May. It rose 50 points .... Read the original article   Stocks climb as weak jobs report adds to hopes for Fed action; Dow touches 11,000.

  • Stocks trade in tight range as weak jobs report adds to hopes for Federal Reserve action

    Updated: 2010-10-08 16:09:50
    Stocks waver on expectations of Fed move NEW YORK — Stocks wavered Friday after another weak report on unemployment added to expectations that the Federal Reserve will step in to prop up the economy. The Dow Jones industrial average rose 12 points in late morning trading, while broader indexes were mixed. High unemployment remains a major hurdle as .... Source article on Gaea Times at   Stocks trade in tight range as weak jobs report adds to hopes for Federal Reserve action.

  • IMF head: Countries should avoid currency wars and focus on rebuilding economic cooperation

    Updated: 2010-10-08 16:00:21
    IMF warns countries against currency wars WASHINGTON — The head of the International Monetary Fund on Friday urged global finance ministers to stop trying to manipulate their currencies for economic advantage and instead to join to save a fragile recovery. The global economy is struggling to emerge from the worst recession since the end of World War .... Source   IMF head: Countries should avoid currency wars and focus on rebuilding economic cooperation.

  • California lawmakers pass long-overdue budget aimed at closing $19 billion deficit

    Updated: 2010-10-08 15:24:42
    California lawmakers pass long-overdue budget SACRAMENTO, Calif. — California lawmakers finally sent a financially shaky budget to Gov. Arnold Schwarzenegger early Friday, putting the state on track to start paying long-overdue bills but likely punting the state’s deficit problems to the next governor. Senators voted 27-9 in favor of the main bill in a legislative package aimed ... Read more : California lawmakers pass long-overdue budget aimed at closing $19 billion deficit.

  • Stocks waver as weak jobs report adds to expectations for Federal Reserve action

    Updated: 2010-10-08 14:41:42
    Stocks edge higher on expectations of Fed move NEW YORK — Stocks edged higher Friday after another weak report on unemployment added to expectations that the Federal Reserve will step in to prop up the economy. The Dow Jones industrial average rose 28 points in early trading. High unemployment remains a major hurdle as economic growth continues to ... Original source on Gaea Times at : Stocks waver as weak jobs report adds to expectations for Federal Reserve action.

  • Stock futures dip as weak jobs report likely adds to expectations for Fed action

    Updated: 2010-10-08 14:00:17
    Stock futures dip after jobs report NEW YORK — Stock futures dipped Friday after the government said the unemployment rate remained unchanged and private employers are still slow to add new workers. High unemployment remains a major hurdle as economic growth continues to be sluggish. The Labor Department’s report, considered the most important on the economic calendar, .... Original article   Stock futures dip as weak jobs report likely adds to expectations for Fed action.

  • California enters record 100th day without a budget as legislators work through the night

    Updated: 2010-10-08 12:36:33
    California enters 100th day without a budget SACRAMENTO, Calif. — California entered its record 100th day without a budget Friday as state lawmakers worked through the night without reaching final agreement on a plan to close a $19 billion budget deficit. The state Senate struggled to pass the main bill in a legislative package aimed at ending ... Read more .

  • Japan Cabinet approves $61 billion in new economic stimulus, calls for steps on rare earths

    Updated: 2010-10-08 10:35:59
    Japan’s Cabinet OKs $61 billion economic stimulus TOKYO — Japan’s Cabinet on Friday approved 5.05 trillion yen ($61 billion) in new economic stimulus, the latest in a string of measures to shore up the country’s lethargic economy amid a battering from the strong yen. The plan also called for funding to secure rare earths needed for Japan’s .... Original article   Japan Cabinet approves $61 billion in new economic stimulus, calls for steps on rare earths.

  • Japanese Cabinet approves $61 billion in new economic stimulus, calls for steps on rare earths

    Updated: 2010-10-08 05:16:10
    Japanese Cabinet OKs $61 billion economic stimulus TOKYO — Japan’s Cabinet on Friday approved 5.05 trillion yen ($61 billion) in new economic stimulus, the latest in a string of measures to shore up the country’s lethargic economy that has been battered by a surging yen. The plan also called for funding to secure rare earths needed for ... Read : Japanese Cabinet approves $61 billion in new economic stimulus, calls for steps on rare earths.

  • Shanghai imposes one-home limit on families, moving to further cool property sector

    Updated: 2010-10-08 05:13:00
    To cool property deals, Shanghai sets 1 home limit SHANGHAI — Authorities in China’s largest city have ordered that families be allowed to only purchase one home each, part of a series of moves aimed at cooling surging property prices. “One family in Shanghai, whether local or migrant, can only buy one new home, including a secondhand .... Read the original article   here.

  • Japan Cabinet approves $61 billion in new economic stimulus measures

    Updated: 2010-10-08 03:39:25
    Japan Cabinet OKs $61 billion economic stimulus TOKYO — Japan’s Cabinet on Friday approved a 5.05 trillion yen ($61 billion) stimulus package aimed at boosting the country’s flagging economic recovery. The package, to be submitted this month to parliament for approval, follows 915 billion yen ($11 billion) in measures that Prime Minister Naoto Kan’s government has already .... Source   Gaea News Network.

  • Berthold agrees to zoning change for Enbridge pipeline project; company to pay city $275K

    Updated: 2010-10-08 03:26:45
    Berthold drops oil pipeline objections, gets $275K BISMARCK, N.D. — Enbridge Inc. plans to start construction next week on eight new oil truck unloading stations near Berthold that are part of the pipeline company’s plan to increase its ability to pump oil from western North Dakota’s producing region. The project was delayed in August, when the Berthold .... Source   Gaea News Network.

  • Japan Cabinet approves 5 trillion yen in new economic stimulus measures

    Updated: 2010-10-08 02:56:42
    Japan Cabinet OKs 5 trillion yen economic stimulus TOKYO — The Japanese Cabinet has approved 5.05 trillion yen ($61 billion) in new measures to stimulate the country’s economy. The stimulus package approved Friday is aimed at halting the yen’s rise and battling deflation. Recent economic indicators in Japan have shown deteriorating exports, industrial production and corporate sentiment. The country .... Source   Gaea News Network.

  • Economy sheds 95K jobs due to wave of government layoffs; unemployment remains 9.6 percent

    Updated: 2010-10-08 01:41:16
    Economy loses 95K jobs due to government layoffs WASHINGTON — A wave of government layoffs in September outpaced weak hiring in the private sector, pushing down the nation’s payrolls by a net total of 95,000 jobs. The unemployment rate held at 9.6 percent last month, the Labor Department said Friday. The jobless rate has now topped 9.5 .... Original article  : Economy sheds 95K jobs due to wave of government layoffs; unemployment remains 9.6 percent.

  • European defense companies say austerity budgets, program cuts could harm R&D efforts

    Updated: 2010-10-08 01:35:12
    Euro defense companies warn against program cuts MONTREUX, Switzerland — Leading European defense companies warned Friday that cuts to military programs could cause long-term harm to the industry’s research and development capabilities, even as they looked beyond the continent for new business to make up anticipated shortfalls. Multinational programs such as the Eurofighter jet and Airbus A400M .... Original source   European defense companies say austerity budgets, program cuts could harm R&D efforts.

  • Foreclosures: Help for Homeowners Means Hurt for Banks

    Updated: 2010-10-06 17:37:00
    Help may finally be on the way for homeowners facing foreclosure. For banks, the "robo-signing" scandal underscores a troubling reality -- they're still sitting on mountains of bad loans.

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