Bank of America has hired former Goldman CTO Michael Dubno to head up its global markets and research technology business. BofA also named Cathy Bessant global technology and operations executive, she had been president of global corporate banking. JP Morgan hired Frank Troise to be global head of equities electronic client solutions; Troise was head of equities electronic trading product at Barclays. Deutsche Bank has hired former Credit Suisse managing director Jose Marques to head up global electronic equity trading in New York. Cardtronics has named former NYCE President and COO Steven Rathgaber to be its new CEO, replacing interim CEO Fred Lummis, who will continue as chairman. The Financial Services Information Sharing and Analysis Center announced elections to its board: Max Morris, vp, threat intelligence services, Wells Fargo; Anish Bhimani, managing director of IT risk management, JPMorgan Chase; Mark Clancy, managing director and CISO, Depository Trust and Clearing Company; and James Doyle, vp, corporate investigations division, Prudential Financial. Diebold has appointed Charles Ducey to be evp of North American operations.
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Threat group ShinyHunters claimed responsibility for the attack, which reportedly targeted third-party platforms rather than Betterment's own systems.
February 6 -
Artificial intelligence developments are stoking investor fears about software companies. Banks' limited exposure to the sector and general stability is proving attractive to investors.
February 6 -
Prosperity Bancshares finalizes the second of three acquisitions it's announced since July; Sumitomo Mitsui Banking Corporation appoints a new chief information security officer for its American operations; Huntington Bancshares, Third Coast Bancshares and Heritage Financial completed acquisitions; and more in this week's banking news roundup.
February 6 -
Fintech and crypto groups said in comment letters to the Federal Reserve that the proposed "skinny" master account is too limited and could keep firms dependent on banks. Banking groups asked for more time to comment.
February 6 -
Federal Reserve Vice Chair Philip Jefferson said in a speech Friday that long-term productivity gains brought on by artificial intelligence could compel the central bank to maintain higher rates to keep prices stable.
February 6 -
While the e-commerce giant has deemphasized the technology, banks and payment firms are testing the biometric option.
February 6





