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WASHINGTON -- Federal banking regulators issued a broad proposal Wednesday designed to counteract cybersecurity threats that could hit at the financial industrys critical junctures.
October 19 -
The Consumer Financial Protection Bureau decried an appeals court ruling last week that found its single-director structure unconstitutional, saying the opinion was "wrongly decided" and had "no basis in the text of the Constitution or in Supreme Court case law."
October 19 -
Rather than addressing a pressing need like an economic crisis, a fintech charter would place the federal government in the business of choosing winners and losers in a market, with the potential to distort the banking system.
October 19
Illinois Department of Financial and Professional Regulation -
The information you need to start your day, including top headlines from PaymentsSource and around the Web. In today's briefing:
PayPal's network deals; Facebook's eBay collab; Tommorow's Siri
October 19
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Federal banking regulators issued a broad proposal Wednesday designed to counteract cybersecurity threats that could hit at the financial industry's critical junctures.
October 19 -
A strong and dynamic risk detection system requires focusing on the most important blind spots not satisfactorily explained by existing tools, rather than focusing on the "answers" produced by those tools.
October 19
Promontory Financial Group - North Carolina
BB&T in Winston-Salem, N.C., rode recent acquisitions to a record profit in the third quarter.
October 19 - Minnesota
Profits at U.S. Bancorp held steady in the third quarter as the Minneapolis company on Wednesday reported a mix of both higher fees and salary-related costs.
October 19 -
Banc of California, the lender that's paying $100 million to sponsor a soccer stadium, rose in early trading Wednesday after moving up its quarterly earnings release following a report by an anonymous short seller that caused the shares to plunge a day earlier.
October 19 -
Breaking News This Morning ...Morgan Stanley beats estimates: Morgan Stanley reported a third quarter profit of $1.6 billion, or 81 cents a share, up 57% from $1.02 billion, or 48 cents a share, in the year ago period. That easily beat the median Street forecast of 63 cents. Revenue rose 15% to $8.91 billion from $7.77 billion, also beating analysts' estimates of $8.17 billion. As with its peers on Wall Street, which reported earlier, the bank's results were helped by a rebound in securities trading. Return on equity jumped to 8.7%, up from 5.6% a year ago. Wall Street Journal, Financial Times
October 19
