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Visa's Vision for Payment Security

Eduardo Perez, Visa's global head of payment system security, explains how new payment forms can help thwart fraud.

  • Worst Performing Bank Stocks of 2011
  • Best Performing Bank Stocks of 2011
  • 10 Most-Read Stories of 2011
  • The Year in Lending
  • The Year in Data Breaches
  • Top 10 Mortgage Migraines for 2012
  • The 10 Best and Worst Bank Deals of 2011
  • The Top Ten Policymakers to Watch
  • 10 Who Had a Bad Year in Banking
  • 10 Who Had a Good Year in Banking
  • Top 10 Tech Companies to Watch
Worst Performing Bank Stocks of 2011

It was a bad year for the KBW Bank Index. Here are the six names that led the way down.

Overview

The year in bank stocks got off to a rough start. It turned worse still in the second half amid high volatility and repeated rallies inspired by euro zone rescue attempts that failed to sustain investor confidence.

Key Events:

  • Libya spillover - Turmoil in Libya appeared to trigger the KBW Bank Index's first one-day decline of more than 3% in 2011.
  • Bad economic news - A cluster of negative reports catalyzed worries about the faltering recovery, and the KBW Bank Index notched its first one-day loss of more than 4%.
  • Debt-ceiling deadline - After weeks of gut-wrenching partisan brinksmanship, President Obama signed the Budget Control Act of 2011.
  • Ratings cut - The KBW Bank Index plummeted 11% in the first trading day after S&P cut its rating of the U.S.
  • Currency swap expansion - The Fed joined with other central banks to expand currency swap arrangements, driving the KBW Bank Index to a 7% one-day jump.


Richard Lashley (Image: Rachel Witkowski)
Activist Considering Bank Holding Company Status to Gain Bigger Say With Banks
Richard Lashley at PL Capital won't settle for banks with a do-nothing strategy in 2012. He is planning to boost his involvement given his certainty that consolidation will eventually heat back up.

Martin Gruenberg, acting FDIC chairman (Image: Bloomberg News)
As FDIC Inches Back to Normalcy, Agenda Sharpens for Post-Crisis
With the failure rate expected to decline next year, the FDIC is getting the chance to focus on other priorities, including finishing implementation of Dodd-Frank and ensuring it is ready for the next crisis.

Rep. Shelley Moore Capito (Image: Michael Chu)
Capito Makes Case for Bill to Let Banks Appeal Reg Exams
Examiners are not on same page as their bosses in Washington when it comes to "getting capital to small businesses," says the chairman of a key House subcommittee.

Ed DeMarco (Image: Bloomberg News)
DeMarco Defends FHFA, Preps Agency for Next Chapter
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VeriFone CEO Doug Bergeron
Card Shark: VeriFone's Rise to Point of Sale Supremacy
Douglas Bergeron has thrown lots of sharp elbows, and possibly a lot more, in turning VeriFone into a payments powerhouse.
VeriFone's Darkest Moment

C.K. Lee, an investment banker at Commerce Street Capital
Small Bank Sales Expected to be Stymied by Weak Earnings, Cautions Ex-Regulator
More financial institutions, especially thrifts, are willing to sell, says C.K. Lee, a former OTS official who works for a small investment banking firm. But finding a buyer will be harder to do.

Raj Date, interim head of the Consumer Financial Protection Bureau (Image: Bloomberg News)
The CFPB's First Year and Future Challenges: A Conversation with Raj Date
The head of the CFPB talks about the challenges of building a new agency, quelling fear of the bureau among the industry, working with other regulators, and preparing for 2012.

Is Visa Too Far Ahead of the Pack?
More than four months after Visa announced a plan encouraging U.S. merchants to embrace the EMV security standard for chip-cards, no other card brand has made a similar move — raising the question of whether Visa might have acted too soon.

Eduardo Perez, head of global payment system risk for Visa Inc.
Visa's Perez Pushes Security Through Policy
To encourage adoption of new security standards in the U.S., the most important tool is policy.

Best In Banking
The Best in Banking Awards honor the people and the companies who set the highest standards of progress, innovation, and performance in banking and financial services.

Rep. Maxine Waters (Image: Bloomberg News)
The Top Ten Policymakers to Watch
Regulators and lawmakers set to have a significant impact on banks next year.

Top 10 Tech Companies to Watch
The ten most intriguiging technology companies in the financial services space.

The 25 Most Powerful Women in Banking
Women who are approaching the pinnacle of the industry, producing enviable results in their positions running institutions or large divisions at leading banks.

Image: Bloomberg News
10 Who Had a Good Year in Banking
Here are 10 financial service players that stood out in an otherwise challenging year defined by weak loan demand, heightened regulation and plummeting stock prices.

Ron Hermance, Chairman, CEO, Hudson City Bancorp (Image: Bloomberg News)
Slideshow: 2012 Bankers to Watch
The past year was a mixed bag for banks. Some found success, while others encountered fresh challenges. Here are 10 bank CEOs worth watching in 2012.