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  • Morning scan
    Capital One hacker may've hit UniCredit; Equifax offer overwhelmed

    The FBI is looking into whether Italy’s largest bank was also hacked; about 4.5 million people have already inquired about getting a cash settlement with the credit bureau.

    By George Yacik
    August 1
    The UniCredit logo hangs above a bank branch in Milan, Italy.
  • Morning scan
    Capital One breach clouds the cloud; Libra's silver lining

    The hack prompts renewed concerns about security of data held in the cloud; lawmakers acknowledge that Facebook’s proposed Libra cryptocurrency could have applications for law enforcement.

    By George Yacik
    July 31
    The Facebook logo is displayed for a photograph on an Apple iPhone.
  • Morning scan
    Capital One hacked; job cuts and a reorg on tap for Citi

    In what's being called "one of the largest-ever data breaches of a large bank," Capital One said a Seattle hacker gained access to the personal information of more than 100 million customers; Citigroup plans to cut hundreds of jobs in its global markets division and combine its equity trading and prime brokerage units.

    By George Yacik
    July 30
    Capital One signage is displayed outside a bank branch in New York.
  • Morning scan
    Citi in laggard's role; EU bank CEOs have less skin in the game

    Citigroup's made some strides after the battering its share price took last year, but it still trails JPMorgan Chase and Bank of America; chiefs at the top U.S. global banks own on average more than 15 times the amount of their own firm's stock than their European counterparts.

    By George Yacik
    July 29
    Michael Corbat, chief executive officer of Citigroup.
  • Morning scan
    Morgan Stanley tries the cloud; Santander-Orcel feud escalates

    “Digital Vault” will allow customers to store encrypted documents on third-party servers; bank accuses Orcel of misdeeds.

    By George Yacik
    July 26
    Morgan Stanley signage is displayed at their headquarters in New York.
  • Morning scan
    Goldman invests in tech; PayPal lowers its profit forecast

    The firm joins $40 billion “technology megafund” sponsored by SoftBank Group; company says partnerships are taking longer than expected to bear fruit.

    By George Yacik
    July 25
    schulman-dan-paypal-bl-030818a.jpg
  • Morning scan
    Amex fires 10 in forex pricing case; Santander will fight Orcel

    The workers charged customers incorrect currency conversion rates; Santander plans to defend its decision not to hire Andrea Orcel if he sues.

    By George Yacik
    July 24
    American Express
  • Morning scan
    UBS rebounds; Metro Bank looks to unload problem loans

    Bank posts its best second quarter since 2010 after a disappointing Q1; Cerberus in talks to buy loans at the center of a major accounting error.

    By George Yacik
    July 23
    UBS CEO Sergio Ermotti
  • Morning scan
    Equifax may be ready to settle; No hint of Dimon’s eventual successor

    Firm will pay $700 million to settle issues stemming from data breach; don’t expect JPM CFO Jennifer Piepszak, or anyone else, to be named heir apparent.

    By George Yacik
    July 22
    JPMorgan Chase CEO Jamie Dimon
  • Morning scan
    G7 warns on Libra; N.Y. Fed chief tells central banks to be bold

    Finance ministers call for tight regulation of cybercurrencies; Williams says the Fed must “act quickly to lower rates at the first sign of economic distress.”

    By George Yacik
    July 19
    Federal Reserve Bank President John Williams
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Innovation of the Year 2025

The 10 most groundbreaking tech projects and bank-fintech partnerships that are moving financial services forward

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© 2025 Arizent. All rights reserved.
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© 2025 Arizent. All rights reserved.