BankThink

Morning Scan: Payments Without Borders; Cyber Hack Attacks

05/27/16

Receiving Wide Coverage…

Not Without a Trace: Security researchers have found evidence linking North Korea to three recent attacks on Asian banks — in the Philippines in October, Vietnam in December and the $81 million theft from the central bank of Bangladesh in February. They said in each event the attackers used a piece of rare but identical code seen in just two cases before: the Sony hack in 2014 and one on South Korea banks...

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Women in Banking: 'Boom-Boom Room' Milestone; Contrarian Branch Strategy

05/26/16

Sexism is less blatant than in the "Boom-Boom Room" era, but women aren't yet treated like equals at the male-dominated Wall Street firms. A community bank CEO takes a contrarian approach to underperforming branches, staffing up instead of closing them down, and Bank of the West embeds star employees at nonprofits as leadership training. Also, FinCEN's Jennifer Shasky Calvery in her final congressional hearing, a swipe at Brexit sexism, and is the fact that uniforms are going out of fashion a good thing for gender equality?

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Real Loser in Visa-Walmart Dispute? Card Security

05/26/16

In the ongoing melee between the two major players, strong authentication has been put on the backburner in favor of the respective economies of implementing chip card technology.

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Congress Risks Letting Big Banks Control Housing Finance

05/26/16

Recent legislative proposals to make piecemeal changes to the government-sponsored enterprises could set broader GSE reform on the wrong path.

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Morning Scan: Citi Fined $425M; Rare Financial Crime Charges

05/26/16

Receiving Wide CoverageÂ... Citigroup was fined $425 million by the U.S. Commodity Futures Trading Commission Wednesday, for claims that it tried to manipulate several interest-rate benchmarks between 2007 and 2012. However, it appears the bank could avoid any criminal charges, as the Department of Justice said it had closed its investigation already told Citi it would not prosecute over Libor. Wall Street Journal, Financial Times, New York Times. Wall Street Journal Â...

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Mundane Interactions Can Still Win Over Mobile Customers

05/25/16

When it comes to earning consumer loyalty with user-friendly mobile banking tools, everyday interactions can matter more than momentous ones.

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Should Faster Payments Be, Well, Slower?

05/25/16

The debate over speeding up payments transactions should consider the necessity of allowing consumers time to rethink and abort their purchases.

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Morning Scan: Libor Looms Over 2Q Results; In Swift We Must Trust

05/25/16

Wall Street Journal

JPMorgan Chase, Citigroup, Bank of America and other banks could take a hit to their second quarter profit from litigation charges and fines, as a Libor manipulation case revived earlier this week raised the possibility of liability for violation of antitrust laws. Such violations could require them to pay triple damages. But for now, it remains to be seen what, if any, penalties are incurred. Firms that choose to deal with the problem...

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Walmart's Focus on PIN in Card Debate Is Misguided

05/24/16

Everyone agrees that electronic transactions should be as safe as possible, but a PIN mandate will not prevent online or mobile fraud.

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Living Wills: the Biggest Liquidity Rule of Them All

05/24/16

In guidance on banks' resolution plans, regulators effectively have made important policy decisions about liquidity transformation that were not subject to notice and comment.

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