Four New Jersey Credit Unions Select i-POWER Core Platform
Four New Jersey credit unions have selected i-POWER Core Data Processing System, reveals a joint announcement by Financial Services, Inc. (FSI) and EPL, Inc. The four new users of i-Power:
Sandy Spring Bancorp, Inc. Completes Acquisition of CommerceFirst Bancorp, Inc.
Sandy Spring Bancorp, Inc. has completed the acquisition of CommerceFirst Bancorp, Inc. and its wholly-owned subsidiary,
Wider Systemic Problems Suspected with Sale of Contingent Capital Bonds
New report by the Bank of England (BoE) reveals that Britain's banking system could face more difficulties if financiers decide to sell contingent capital bonds (CoCos).
Luis de Guindos Jurado Certain of 70 Percent Spanish Banks Passing International Monetary Fund Tests
The International Monetary Fund (IMF) will soon be publishing a report on the health of financiers in Spain. Analysts believe the scrutiny report will highlight the need of an international bailout for Spain.
JPMorgan Chase’s Trading Loss Necessitates Implementation of Volcker Rule, Says Christopher Dodd
Former U.S. Senator Christopher Dodd has explicitly stated that the JPMorgan Chase's trading loss of USD 2 billion validates the need for the implementation of the Volcker rule.
Dilemma still Exists on Enactment of Cyber Intelligence Sharing and Protection Act
Financial institutions are pushing the U.S. government to enact the Cyber Intelligence Sharing and Protection Act, for greater sharing of information between the private sector and the federal government.
Swedbank Robur Goes Live with Vermilion Software’s Vermilion Reporting Suite
Swedbank Robur has gone live with the Vermilion Reporting Suite from Vermilion Software. The firm will utilize vermilion’s hosted application service provider environment for Factbooks, Factsheets and Key Investor Information Documents.
Study Reveals 48 Percent of U.S. Consumers Eager to Use Mobile Wallets
Recent study by Carlisle & Gallagher Consulting Group reveals that 48 percent of the U.S. consumers are interested in using mobile wallets.
U.S. Securities and Exchange Commission to Take Close Look at Zombie Funds
The U.S. Securities and Exchange Commission (SEC) will be taking a close look at Zombie funds in which money managers continue to be paid by investors even though the fund is actually inactive.
No More Rate Cutting Expected from European Central Bank
In this week’s meeting, the European Central Bank (ECB) is not expected to alter its 1 percent interest rate. This as per Mario Draghi, President of ECB,