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Banks Gain Strength In Second Quarter

Posted On August 29, 2014

(Undated) -- The nation's banks are getting healthier. The FDIC's banking profile for the second quarter shows banks posting quarterly earnings of more than 40-billion dollars, five-point-three percent higher than last year. Loan balances grew to more than 263-billion dollars. That's the highest since 2007, before the worldwide financial crisis. The number of so-called problem…

JPMorgan Targets Computer Hackers

Posted On August 28, 2014

(New York, NY) -- The biggest U.S. bank is taking additional steps to safeguard confidential information for its customers. JPMorgan Chase and Company was among at least five banks targeted in an attack on financial institutions in recent weeks. The assault led to the theft of customer data that could be used to drain accounts.…

Wall Street Reacts To Ukraine Crisis

Posted On August 28, 2014

(New York, NY) -- Stocks are closing in negative territory amid concerns over increased fighting between Ukraine and Russian forces. After closing above two-thousand for two straight days, the S&P 500 dropped three points to end the session at 19-97. The Dow Jones Industrial Average fell 42 points to 17-079 and the Nasdaq lost 12…

Dairy Queen Possible Victim Of Data Breach

Posted On August 28, 2014

(Edina, MN) -- Ice Cream giant Dairy Queen says they could have been the victim of a possible data breach. The Edina, Minnesota based company is warning customers that their information could be at risk. An investigation began after Security.com discovered more than 50 cases of credit and debit card fraud involving customers who visited…

AIG Head To Step Down Due To Terminal Cancer

Posted On August 28, 2014

(Undated) -- The head of American International Group will be stepping down early after learning that his cancer has worsened. AIG's Bob Benmosche told Bloomberg News recently that he only has nine months to one year to live. The 70-year-old president and CEO had planned to step down early next year. Peter Hancock will take…