ORLANDO - (11/15/05) -- Identity Theft 911, which has beenmarketing its identity theft prevention and resolution system tocredit unions, unveiled a new system to allow credit union andother financial institutions to immediately notify customers whentheir database has been compromised. The new system, SBR911, wasintroduced Monday at the annual BAI Retail Delivery Conference. TheSBR911 programs will enable financial institutions to assess adatabase breach and manage a response, including regulatory andconsumer notifications, helping to minimize potential losses andliability. It will also help financial institutions to communicateproactively with their customers to defuse public concerns.Introduction of the new warning system comes as Congress isproposing to require all financial institutions to notify customersof data breaches.
-
The largest bank deal to be announced in 2025 is still on track to close in the first quarter of next year, Fifth Third CEO Tim Spence said. His comments came amid opposition to various aspects of the deal, as well as how it came together and the timeline for closing the transaction.
2h ago -
Fed Chair Jerome Powell, speaking at a press conference after the December FOMC meeting, said the central bank is holding interest rates steady until it gets more clarity on the economy.
December 10 -
Charlie Scharf has a mostly optimistic take on Wells' consumer banking prospects entering 2026. But he's more downbeat about the company's once-dominant residential mortgage business.
December 10 -
PNC is one of the first major banks to offer bitcoin trading services directly to eligible private client accounts in a limited launch with Coinbase.
December 10 -
The DOJ says the Ukrainian national helped coordinate Russian state-sponsored DDoS attacks against banks internationally.
December 10 -
The House Financial Services Committee discussed allowing banks to experiment with artificial intelligence with a waiver from regulatory penalties, including consumer protection laws, in a hearing.
December 10




