U.S. and European agencies shut down 410 hidden web domains, arrested 17 suspects and seized bitcoins worth about $1 million in a joint operation targeting the Tor network, which allows people to use the Internet anonymously.
Soltra Edge promises to let financial institutions react to cyberthreats in milliseconds without human intervention by translating bankers' warnings from plain English into a format that security software can read.
As U.S. auto lending has boomed, the industry especially its subprime sector has become a growing target for a slew of prosecutors and regulators. Here are seven government agencies to keep an eye on.
Bank of America's website was down for about an hour early Monday afternoon.
Embattled nonbank servicer Ocwen took a $100 million charge for a potential settlement of foreclosure violations and posted a third-quarter loss, but warned the final cost to settle allegations that it backdated foreclosure notices could be higher.
In a surprise victory for mortgage servicer PHH Corp., a California judge overturned a $16.2 million jury verdict awarded to a California homeowner in July for a botched loan modification.
Banks are bound to confront knotty privacy questions as they strive to make smarter use of customer data and experiment with technologies like wireless beacons, geolocation and algorithm-recommended offers.
The Federal Reserve Bank of New York botched oversight of the JPMorgan Chase & Co. office that suffered $6.2 billion in trading losses attributed to the so- called London Whale, a watchdog report showed.
Zions Bancorp.'s earnings fell 62% in the third quarter to $79.1 million as the company implemented a number of maneuvers to reduce its risk and enhance its capital.
Mortgage lenders are threatening to halt lending on condominiums in Nevada after the state Supreme Court upheld a law allowing homeowners associations to foreclose ahead of first mortgage holders.
Many lenders think home loans are off-limits for undocumented immigrants because they lack Social Security numbers, but higher-cost loans using borrowers' individual taxpayer identification numbers are available and being made by a handful of firms.
An executive order signed by President Obama on Friday that mandated the adoption of chip-and-PIN technology in government cards and enabled its use in facilities like post offices smacks of politics over substance, analysts said.
The Federal Reserve Board issued a final rule Friday that will give banks an additional three months to comply with stress test requirements.
Federal Reserve Bank of St. Louis President James Bullard said he favors size limits for financial institutions to help boost stability.