Google, Apple CEOs In Secret Patent Talks
Google Inc Chief Executive Larry Page and Apple CEO Tim Cook have been conducting behind-the-scenes talks about a range of intellectual property matters, including the mobile patent disputes between the companies, people familiar with the matter said.
The Cybersecurity Imperative: How Banks Can Combat Cybercrime
As the financial world gets increasingly high-tech, protecting data has never been more important. According to BITS president Paul Smocer, innovations such as smartphones and cloud computing offer banks great opportunities for efficiency and customer engagement, but they also are targets for cybercriminals.
Banks Need to Re-imagine Online Banking
Banks can revitalize their online banking and bill pay products by shifting from a traditional transactional role to a more consultative one, says Javelin Strategy & Research.
Barclays Names Retail Head Jenkins as New CEO
Britain's Barclays has picked softly spoken retail boss Antony Jenkins as its new chief executive to fill the shoes left by Bob Diamond, the colourful American investment banker who resigned after a rate-rigging scandal.
SEC Probing ResCap for Possible Mortgage Fraud
The U.S. Securities and Exchange Commission is investigating Ally Financial mortgage unit Residential Capital for possible misconduct in its loan origination and underwriting practices.
Countdown To New Basel Bank Rules
European Union regulators start implementing tougher global bank rules known as Basel III from January 2013 so that lenders can withstand market shocks better and are less likely to need taxpayers to bail them out. But not
all the measures will be ready.
Ex-RBS Trader Details Bank's Libor Fixing
A former dealer for the Royal Bank of Scotland Group PLC has provided fresh details on how traders at the British bank tried to influence Libor rates, court documents filed in Singapore show.
German Cabinet Pushes Ahead With Basel III Bank Rules
Germany's cabinet agreed on Wednesday to push ahead quickly with the introduction of stricter capital requirements for banks under international Basel III rules, despite the misgivings of German banks about how they will be implemented across Europe.
RBS, Commerzbank Drawn Into U.S. Iran Money Probe
U.S. authorities are investigating Royal Bank of Scotland and Commerzbank over possible breaches of sanctions on Iran, in a widening crackdown which has already cost Standard Chartered a hefty fine.
Big Banks Upgrade Basel III Projections
Several large U.S. banks have upgraded the estimates of their capital positions in accordance with the new Basel III guidelines, according to research from Charlottesville, Va.-based SNL Financial.
Former Exxon CEO Raymond to Head JPMorgan 'Whale' Probe
JPMorgan Chase & Co has picked Lee Raymond, ex-chief executive officer of Exxon Mobil Corp, to head an inquiry by company directors into losses in a credit derivative portfolio run by its London-based Chief Investment Office, according to a source familiar with the matter.
Samsung Expert: Apple Overstates Its Damages at Trial
A financial expert said
Apple Inc has overstated Samsung Electronics Co Ltd's
profit margins for mobile products, an issue that
goes to the heart of damages in the high profile patent trial
between the two tech companies.
Moving Forward Mobile Payments
The Merchant Customer Exchange partnership between major retailers has a chance to be a major force in growing mobile payments adoption.