Jamie Dimon’s worst fears for the banking industry realized with Capital One data hack

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JusticeLeague: “Move over Equifax…

  • At just the two biggest U.S. banks — J.P. Morgan Chase and Bank of America — cybersecurity budgets have swollen to a combined $1.4 billion a year.
  • The industry has been employing everything from low-tech reminders about passwords posted in offices to sophisticated data analytics and risk-management programs to stay ahead of criminals.
  • “The threat of cyber security may very well be the biggest threat to the U.S. financial system,” Dimon said in an April letter to shareholders.

It’s among the worst fears of any bank CEO.”

via Jamie Dimon’s worst fears for the banking industry realized with Capital One data hack

Diary of a Deutsche Bank stock trader: The day I lost my job

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Justice League:  “On July 8, Deutsche Bank presented the full details of its latest strategic plan to become a leaner, more profitable organization. These included 18,000 jobs cuts across its global workforce and the closure of its equities business.

The bank wasted no time in firing staff. Deutsche’s chief executive Christian Sewing said of the cuts at the time: “Let me really emphasize that this is the bitter part of our decisions.”

Financial News ’s Nell Mackenzie spoke to a member of Deutsche’s stock-trading team in London who lost their job during the restructuring and agreed to share their account of the day on condition of anonymity.”

 

via Diary of a Deutsche Bank stock trader: The day I lost my job

ENTER 2019 AND THE NEW MERS! — Clouded Titles Blog

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(BREAKING NEWS – OP-ED) — FYI, NOT for use as legal advice … but for the added benefits of research! ICE OWNS MERSCORP … and things have changed! If you haven’t been paying attention to the “new and improved MERS”, you should be. As of October of last year, Intercontinental Exchange, Inc. (“ICE”; the same […]

via ENTER 2019 AND THE NEW MERS! — Clouded Titles Blog