Wall Street Journal
Preparing for cyberwar: Eight of the largest U.S. banks, including JPMorgan Chase, Bank of America and Goldman Sachs, have joined together to tackle the growing
Big whistleblower awards: Harry Markopolos, who sounded the alarm about Bernard Madoff's Ponzi scheme, and a forensic accounting team he put together could reap a combined $100 million from
Credit in riskier hands: Total
According to the New York Fed survey, the percentage of people with credit scores between 620 and 660 that had a credit card rose to 58.8% in 2015 from a low of 54.3% in 2013. Among those with scores below 620, the number of people with a credit card increased to 50% from a low of 45.6% two years ago. Recent results in the U.K. showed a similar increase in riskier borrowers.
Financial Times
Too many banks?: TIAA's planned acquisition of EverBank raises a question: Why are there still so many American banks? There have been
War against oligopoly: The U.K.'s Competition and Markets Authority is embarking on a "cyber war against the UK's
"Banks hope that financial technology will bolster their depleted margins by cutting staff costs," the paper says. "Implicitly, the CMA hopes fintech will have the opposite effect by increasing competition."
New York Times
What really happened?: Banker turned writer William D. Cohan has mixed feelings about the aftermath of the 2008 financial crisis, now coming up on its eighth anniversary. On one hand, the billions of dollars Wall Street firms have paid in fines and penalties "still feel to me
There's a lot we don't know "about the bad behavior and deception that occurred inside the big Wall Street banks that helped to cause it," he writes. But thanks to two separate court maneuverings in recent weeks, "we may yet discover more about what happened on Wall Street that caused, exacerbated or tried to cover up the unfolding crisis," Cohan writes.