NEW YORK - (07/07/06) In the latest large-scale databreach, payroll provider Automatic Data Processing said Thursday itwas tricked into disclosing personal data on tens of thousands ofbrokerage customers to someone impersonating corporate officers.ADP, which also handles investor communications for severalbrokerage firms, said it gave the lists to an unauthorized thirdparty who fraudulently requested the data. The information includesnames, addresses and the numbers of shares owned by investors, butdid not include account or Social Security numbers, the companysaid. ADP said it provided the shareholder lists between November200 and February 2006.
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First Northwest Bancorp in Port Angeles has selected an Everett, Washington-based competitor's president to serve as its new top executive.
September 12 -
The Charlotte-based megabank announced that it had appointed two business leaders to be co-presidents of the bank, and elevated its chief financial officer to serve as executive vice president.
September 12 -
The Massachusetts bank is being accused of aiding and abetting the operation of a Ponzi scheme centered in Hamilton, New York. The bank declined to comment on the allegations.
September 12 -
City National Bank promotes Brandon Williams to head private banking and wealth management; a former U.S. Postal Service letter carrier is sentenced to five and a half years for stealing over $10 million in checks from the mail; Lazard expands its North American investment banking franchise with two managing director hires; and more in this week's banking news roundup.
September 12 -
The government-powered network is allowing larger payments to settle instantly, a move The Clearing House has also made for its RTP network. Payment experts say more than higher limits are needed to make speedy processing ubiquitous.
September 12 -
The world's largest stablecoin issuer is preparing to launch USAT, its U.S.-regulated, dollar-backed stablecoin, by the end of the year, Tether CEO Paolo Ardoino told reporters at an event in New York. Bo Hines was also named CEO of USAT.
September 12