Quantcast

All Posts Tagged Tag: ‘banks’

Apple Pay Headed To UK Banks, NYC Parking Tickets

Apple is just getting started with its payments product Apple Pay. It’s looking like 2015 is going to be a big year for it as more and more institutions and businesses adopt it. We already learned that Chevron, which already offers it at some of its stores, is planning to introduce Apple Pay support at gas pumps in early 2015. …

Read More

Northern Trust Posts Flat Third-Quarter Income

Northern Trust Corporation, a financial services company headquartered in Chicago, this week reported its third quarter earnings. Income over the quarter was on-par with that seen in the third quarter of 2013 and up slightly from income during the second quarter of 2014. Northern Trust took in $204.5 million during the third quarter of 2014, just shy of the $206.5 …

Read More

JPMorgan Chase Cyberattack Big In Volume, But Not Sensitive Data, According To Bank

JPMorgan Chase, the largest banking institution in the U.S., revealed that 76 million household accounts and 7 million small business accounts were compromised in a recent cyberattack – an attack that was previously disclosed, but was much larger than first thought. Attackers obtained names, addresses, phone numbers, and email addresses, but not the really sensitive data like account numbers, passwords, …

Read More

Credit Suisse Pleads Guilty to U.S. Tax Evasion

Swiss banking firm Credit Suisse this week pleaded guilty to U.S. tax evasion charges. According to the U.S. Department of Justice, Credit Suisse is the largest bank to plead guilty to such charges in over two decades. The case surrounds a years-long investigation by the U.S. government into a conspiracy to aid U.S. taxpayers in avoiding taxes. The charges allege …

Read More

Mortgage Rates Decline; Rises Loom in Future

As the spring season rolls in and the winter doldrums roll out, people are finally exiting their homes and exploring the world once again. Luckily for those recovering from an intense winter hibernation, the economy shows positive signs for the first quarter. Job growth increased by 192,000 for the month of March, and unemployment remained at 6.7 percent. More important …

Read More

Arkansas Man Asks Bank Teller To ‘Punish’ Him, Gets Arrested

Bank tellers have a pretty routine job. It’s always a withdrawal this or deposit that. The highlight of their day must be somebody asking for a loan application. While they may crave excitement, having a customer ask for a withdrawal from the spank bank might be a bit too much. 5 News reports that Drake Parks, 50, of Van Buren …

Read More

Swiss Banker Found Guilty of IRS Fraud

The Swiss banking system, and Swiss bankers in particular, were portrayed in the 2013 Oscar-nominated Scorsese movie The Wolf of Wall Street as outright corrupt. Though the movie, its events, and its characters are based on real-life events, Jean Dujardin’s Swiss banker in the movie (based on real-life banker Jean-Jacques Handali) matches the long-held Hollywood stereotype of a Swiss banker. …

Read More

Online Security, Are We All Potentially At Risk?

How safe are we really? One may wonder if large corporations, small businesses, and individuals are all subject to online fraud. Financial Fraud Action UK has recently reported that losses incurred due to online security failures are increasing. Though there is no surefire way to safeguard against all potential risks, individuals have options regarding where to invest their money. Choosing …

Read More

Liberty Reserve Founder Indicted On $6 Billion Scheme

A $6 billion scheme has been uncovered by U.S. authorties today that indicts the founder of Liberty Reserve and others involved in the scheme. Wired reports that the $6 billion scheme that was just revealed today in court documents is the largest international money-laundering scheme ever prosecuted. This was the result of Liberty Reserve serving as the hub in which …

Read More

Turns Out Anonymous Did Hack Into The Federal Reserve

On Sunday evening, Anonymous leaked over 4,000 banker profiles it claimed to have stolen from the federal reserve. The information contained names, addresses, IP addresses, hashed passwords and other sensitive information. Now the federal reserve has confirmed the hack, but says no “critical functions” were affected. ZDNet reports that the Federal Reserve sent out notices to affected individuals earlier this …

Read More

Would You Do Your Banking On Facebook?

Can you imagine a world where all of your financial transactions are going through the same account as all of your photos, status updates, videos, game playing, and music discovery? Facebook certainly can, and that looks to be the goal the company is trying to achieve. It’s been obvious for a while that Facebook will make a major push in …

Read More

Anonymous: #OpGlobalBlackout Targets Banks, Facebook

Anonymous is back with their grandest threat yet. This past week, an innocuous YouTube video was posted titled, “Anonymous Message to Congress.” The video was made in response to the shutting down of MegaUpload on Thursday by the federal government. This, as we reported, led to Anonymous’ largest coordinated attack in their history with over 5,000 people taking down over …

Read More