How a ransomware attack targeted 10 banks; why bank M&A could pick up
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
10 banks alleged victims of ransomware attacks on file transfer software: Ransomware gang Cl0p is currently threatening 50 companies with releasing data it stole from them late last month.
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2023 bank M&A is mired in a slump. Here's why that could change: Through May, there were 32 U.S. bank mergers and acquisitions announced, fewer than half of the 66 deals announced over the same span of 2022. But analysts say higher costs and more regulation could spur consolidation.
Gruenberg: Basel proposal is imminent, could cover more mid-sized banks: Federal Deposit Insurance Corporation (FDIC) Chairman Martin Gruenberg announced that regulators will soon issue a proposed rule to finalize U.S. implementation of the most recent revisions to the Basel III capital framework. Among the expected updates are changes to capital requirements for banks with assets of more than $100 billion, three of which failed this spring.
Does a federal court ruling threaten the future of decentralized finance? A judge ruled this month that a decentralized autonomous organization, or DAO, can be held liable for violating commodity exchange rules. That squashes the notion that the decentralized trading model is enforcement-proof.
Plaid leans on banks, fintechs to create a stolen-identity database: In its ongoing quest to diversify beyond bank account data-aggregation, Plaid aims to help fintechs and banks to block fraud by sharing data about stolen consumer identities via a fee-based consortium called Beacon.
Head of US at XDC | Algorithmic Investing & Private Equity | Digital Assets | Tokenization | DeFi | Crypto | Venture | US Army Veteran
1 年Jen Easterly
Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer
1 年Thanks for posting.