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Tag Archives: Banks

Banks face new demands to guard themselves from hackers

Wild swings in the stock, bond and currency markets in the first three months of 2015 are likely to translate into bigger profits for big U.S. banks, analysts say. AP Images

  Hackers who relentlessly pursue banks may run into tougher defenses as the Federal Reserve and other U.S. regulators force the biggest lenders to plug any vulnerabilities. Banking agencies released a proposal Wednesday for rules that would require lenders — ...

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Report: Growing risk of cyber attacks on banks

ALBANY (AP) — A yearlong survey of New York bank security found that cyber thieves are using increasingly sophisticated methods to breach bank accounts. The report, issued Monday by Gov. Andrew Cuomo and the state’s Department of Financial Services, found ...

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State surveys banks on cybersecurity

ALBANY — New York financial regulators have surveyed more than 200 banks and other financial institutions about their cybersecurity and will soon expand their analysis to insurers with trillions of dollars of assets. Financial Services Superintendent Benjamin Lawsky, addressing a ...

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Banks agree to pay $8.5B for foreclosure abuse

WASHINGTON, D.C. — Ten major banks agreed Monday to pay $8.5 billion to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes. The banks, which include JPMorgan Chase, Bank of ...

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Regulators see banks’ credit portfolio improving

The condition of banks’ credit lines and obligations to issue letters of credit is improving, but it’s still worse than regulators would like to see, according to a study released today by federal financial regulators. The credit quality of large ...

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Citibank, 3 others fail Fed stress test; 15 pass

WASHINGTON — Four major U.S. banks failed to show they have enough capital to survive another serious downturn, the Federal Reserve said Tuesday. The list included Citigroup, the nation’s third-largest bank. The Fed said 15 of the19 major banks tested ...

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Taxpayers still owed $132.9B from bailout: report

WASHINGTON — A government watchdog says U.S. taxpayers are still owed $132.9 billion that companies haven’t repaid from the financial bailout, and some of that will never be recovered. The bailout launched at the height of the financial crisis in ...

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