by Ken Chase | Oct 11, 2022 | Banks, Market
By: Ken Chase. Bank of America has confirmed that it plans to add an additional $100 million in deposits to banks serving minority communities, as part of its broader effort to support racial equality initiatives. The bank had previously committed to investing $100...
by visbanking | 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 Capital One data breach. In its announcement, the OCC confirmed that it believes...
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...
