Law Blog rounds up the morning news. Licensing Boards Under Fire: The Supreme Court will take up an antitrust case this fall that could curb the proliferation of state licenses, a top worry for U.S. small-business owners and entrepreneurs. Show More Summary
No one is too big to get hacked — and that includes JPMorgan Chase and at least four other banks that were hit by hackers earlier this month. The FBI is investigating the blitzes, which seem to be sophisticated, coordinated cyberattacks that grabbed gigagbytes of data. According to sources cited by the New York Times, hackers grabbed information including … [More]
Hackers -- ostensibly from Russia -- ciphoned customer and employee data from JP MorganChase and four other big banks, according to published reports. Russian hackers reportedly attacked JPMorgan, other big American banks originally published by Gigaom, © copyright 2014. Continue reading…
The big banks are staying tight-lipped about it, but multiple sources say several major US financial firms were hit by hackers who made off with gigabytes of data earlier this month. The banks included JPMorgan Chase and at least four others, according to the New York Times ' sources, who...
A U.S. official told Bloomberg that computer hackers hit JPMorgan Chase and at least four other banks in a coordinated attack, and the FBI is looking for links to Russia. Customer data was stolen, but it was not specified if that included account numbers, passwords, or credit card numbers. Show More Summary
By EconMatters European Bond Rush Right now investors in European Bonds are running over each other all in an effort to front run what the Big Banks have been begging the ECB to begin a bond buying program similar to the United States’ QE bond buying program. Show More Summary
Charles Belk was at an Emmy event in Beverly Hills when he went out to feed his meter. He was stopped by police, cuffed and taken away as a bank robbery suspect. He says its about walking while black and his Facebook post has gone h...
Sun Life Stadium's about to have seven new food options. Most impressively (and this is big news for the stadium), Michelle Bernstein will open another outpost of her popular Design District mainstay, Crumb on Parchment, at the BankUnited Club...
Here are 2 records from Rico Love’s new project I Sin featuring Big K.R.I.T. and Kevin Gates. Previously: Rico Love ft. Bobby Shmurda – Bank Roll
By Tom Dorsey: In comparing the 6 big banks, I wanted to use metrics that would indicate future performance rather than just reporting the past quarterly reports. Which banks are in the best position to grow revenue, market share and...Show More Summary
Many of us banked on a buzzy new show like "Orange is the New Black" or "True Detective" steering the post-Emmy narrative, but instead it's a middlebrow British crime series in its third season. "Sherlock" was the night's big winner, with seven awards. Show More Summary
By Zvi Bar: John Paulson, the billionaire hedge fund manager of Paulson & Co., became well known for betting against subprime mortgages before they collapsed, and buying U.S. banks after that collapse. Since then, some of Paulson & Co.'s...Show More Summary
Aug 26 (Reuters) – It may well be a big deal that Mario Draghi is now talking fiscal stimulus, but the unlikeliness of this happening only underscores that he’ll be forced to do more with monetary policy. The European Central Bank president delivered a ground-breaking speech at Jackson Hole, calling for government spending to do […]
The Wall Street Journal’s Daily Report on Global Central Banks for Monday, August 25, 2014: Sign up for the newsletter. Big Wall Street hedge funds and money managers see an increasing probability that the Federal Reserve will raise short-term interest rates before the end of June next year.
Jon Queally at Common Dreams writes Bank of America Settlement Only Proves Invincibility of Wall Street: It's not nothing, say critics, but the U.S. government's announced $16.65 billion settlement with Bank of America announced on Thursday—so...Show More Summary
By Don Dion: Citigroup (NYSE:C) has announced its recent decision to seek an exit from the retail banking business in Japan, as the investment bank restructures its global operations following several problems with U.S. and international regulators. Show More Summary
It's been 6 years since Lehman went bankrupt overnight, stunning bondholders who were forced to reprice Lehman bonds from 80 to 8 (see chart below) in a millisecond, and launching the world's worst depression since the 1930s, which courtesy...Show More Summary
Test your financial knowledge with our quiz on the "statements of fact" from three big bank settlements.
The Bank of America settlement may close a chapter of the financial crisis, but the Justice Department can still pursue civil cases against former Countrywide executives, writes Peter J. Henning in the White Collar Watch column.
Wall Street's big investment banks are out and the AFL-CIO is in this year at the Federal Reserve's Jackson Hole Symposium.