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…

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…

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…

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…

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…

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…

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…

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…

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…

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…