Community Bankers React to Chase's Trading Loss CEOs at smaller banks have mixed views about the shocking $2 billion trading loss at JPMorgan Chase. Some view it as justification for regulating small banks differently than bigger institutions, while others viewed the fallout as yet another assault on their industry.
Out for Blood: What Critics Are Saying About JPM's 'Egregious' Mistake JPMorgan Chase's $2 billion loss didn't just alarm Wall Street, it also had significant political fallout, with supporters of tougher regulations using the trades as Evidence A in pursuit of their goals.
From social media analytics to cloud computing to context-aware computing to novel means of building applications, this year's financial services innovators are experimenting with new ideas.
Almost immediately after establishing a social media presence, Centier Bank began getting suggestions for the new products and product features on which it should focus.
Agility and speed in development don't often mesh with core banking systems that are a quarter century old. Banks are getting creative about bringing their cores into the digital banking age.
Advanced persistent threats, in which a piece of malware sneaks within a company's firewall undetected and waits for the right conditions to steal information, are on the rise.
A common thread emerged from this year's list of the top innovators in financial services: Much of the new technology is designed to help financially distressed people.