Morning scan

Fed's examination of the cloud; lawmakers seek meeting with CapOne, Amazon

08/02/19

A Fed team toured an Amazon facility at about the same time Capital One’s data was hacked; House oversight members want answers from the CEOs of the two companies.

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

08/01/19

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.

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Capital One breach clouds the cloud; Libra's silver lining

07/31/19

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.

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Capital One hacked; job cuts and a reorg on tap for Citi

07/30/19

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.

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Citi in laggard's role; EU bank CEOs have less skin in the game

07/29/19

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.

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Morgan Stanley tries the cloud; Santander-Orcel feud escalates

07/26/19

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

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Goldman invests in tech; PayPal lowers its profit forecast

07/25/19

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

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Amex fires 10 in forex pricing case; Santander will fight Orcel

07/24/19

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

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UBS rebounds; Metro Bank looks to unload problem loans

07/23/19

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.

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Equifax may be ready to settle; No hint of Dimon’s eventual successor

07/22/19

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.

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