-
Nearly four years after the Basel Committee published its guide and three years after JPMorgan's "London Whale," banks and the Fed still have a long way to go before operational risk can be reliably measured and mitigated.
February 11 -
Fake identity fraud is growing, due to the plentiful array of consumer account and card data available in the wake of massive data breaches. It's a crime banks find almost impossible to detect and deter.
January 27 -
WASHINGTON The Office of the Comptroller of the Currency has named Michael Brickman as deputy comptroller for special supervision.
January 26
The former president and chief executive of Tifton Banking Co. in Georgia has been indicted on six counts of bank fraud.
Gary Patton Hall Jr. hid underperforming and at-risk loans from the Federal Deposit Insurance Corp. and the bank's loan committee, the Federal Bureau of Investigation said in its
Hall's actions, which he carried out over five years starting in 2005, cost the bank and the Small Business Administration about $2.8 million, according to U.S. Attorney Michael Moore. If found guilty he faces up to 65 months in prison.
The Georgia Department of Banking and Finance
Hall
