by Ken Chase | Oct 5, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 3 minutes When U.S. officials confirmed that the economy had contracted in the second quarter of 2022—the second consecutive quarter of negative growth—the average American could be excused for assuming that the announcement...
by Ken Chase | Oct 5, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 2 minutes The U.S. Securities and Exchange Commission confirmed this week that it has levied a $35 million penalty against Morgan Stanley Smith Barney related to the firm’s failure to protect its customers’ personal identifying...
by Ken Chase | Oct 5, 2022 | Banks, Market
By: Ken Chase. The Federal Reserve confirmed Thursday that it has recruited six of the largest U.S. banks as participants in its planned climate scenario analysis exercise. In a press release announcing the exercise, the Fed said that the pilot exercise will be...
by Ken Chase | Oct 5, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 2 minutes The U.S. Office of the Comptroller of the Currency (OCC) announced this week that it has terminated a 2020 consent order related to a 2019 that data breach. In its announcement, the OCC confirmed that it believes that...
by Brian Pillmore | Sep 20, 2022 | Banks
Estimated reading time: 3 minutes “You took your family on a month-long trip to Turkey? That sounds like an expensive proposition. I can’t even take my kids to Disney World.” I have heard that a few times over the past week. Yes, I did take the family to Turkey for a...
by Ken Chase | Sep 19, 2022 | Banks, Market
By: Ken Chase. Estimated reading time: 2 minutes Two of the largest U.S. banks have formally ended their Covid-19 vaccine requirements for employees in the last week, in a nod to the most recent pandemic guidelines from the U.S. Centers for Disease Control and...
