Tag Archives: cybersecurity

Financial Daily Dose 8.16.2019 | Top Story: Cathay Pacific CEO Resigns Amidst Turmoil in Hong Kong

BY: Michael D. Reif | August 16, 2019

Hong Kong-based Cathay Pacific Airways CEO Rupert Hogg has resigned in order to “take responsibility” a week “after the carrier was rebuked by China for staff involvement in the anti-Beijing protests rocking Hong Kong.” Hogg had been on the job for just 2 years – Bloomberg and NYTimes and WSJ and MarketWatch The Labor Department … Continue reading

Financial Daily Dose 8.8.2019 | Top Story: L Brands CEO Claims Epstein Misappropriated “Vast Sums”

BY: Michael D. Reif | August 8, 2019

Les Wexner, the billionaire CEO of Victoria’s Secret and Bath & Body Works parent company L Brands, has accused his former money manager and confidant, Jeffrey Epstein, of misappropriating “vast sums of money” from Wexner and his family. Wexner claims he first learned of the wrongdoing in 2007 – NYTimes and WSJ and Bloomberg China … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 4, 2017

The CVS/Aetna deal now appears to be a $69 billion venture.  And a likely industry-changing one, at that – NYTimes and WSJ and Bloomberg and MarketWatch Here’s the inside scoop on “Sheltered Harbor,” a “doomsday project” from US banks that they hope will “prevent a run on the financial system should one of them suffer … Continue reading

Top FINRA Priorities for 2017

BY: Stacey P. Slaughter | January 9, 2017

On January 4, FINRA released its Annual Regulatory and Examination Priorities Letter, which outlines the areas it plans to review over the coming year.  FINRA President and CEO, Robert Cook, says that attention to these core regulatory requirements will “serve investors and markets well.” The first focus area for FINRA will be high-risk and recidivist … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 9, 2017

By volume, December wasn’t an incredible month for US jobs. But the report did help cap a year that saw average hourly earnings rise 2.9%—the best since 2009 and a “turning point for the overall economy,” according to one veteran economist – NYTimes and Marketplace Those stressing about the state of the corporate bond market … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 7, 2016

Big news from DC yesterday, as the Supreme Court handed a rare win to prosecutors in an insider-trading case against business executives sharing confidential information with relatives – NYTimes and WSJ and Law360 So the next FOMC meeting looks like the big one [finally] for a rate hike.  But then what? – WSJ More on … Continue reading

New FTC Data Breach Response Guidelines

BY: Anne Lockner | December 2, 2016

Cybersecurity should always be at the top of any retailer’s priority list—and even more so as the holiday shopping season gets underway. To that end, the Federal Trade Commission’s newly-released Data Breach Response guidelines detail the steps businesses should take if they experience a data breach, and we’ve summarized them for you. Secure operations For … Continue reading

A Retail Robot Revolution is Not Far Off

BY: Annie Huang | November 10, 2016

Robots have long been the stuff of science fiction and our imaginations. They are now our reality. In fact, one may be greeting and assisting you during your next visit to your local retailer. Large retailers have used robots behind the scenes in stock rooms and warehouses for many years. Now they are starting to … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | November 9, 2016

And we thought Brexit was something.  Buckle up. It’s going to be a wild market ride – NYTimes and WSJ and Bloomberg Whoa. In other news: The Deal Professor analyzes the narrative gloss that Silicon Valley is slapping on the Tesla/Solar City deal and whether it will matter – NYTimes As federal regulators demand more … Continue reading

Lessons from the Wells Fargo Scandal

BY: Stacey P. Slaughter | October 31, 2016

Financial institutions must meet standards for safeguarding customer data given the particularly sensitive information they hold, and regulators have been stepping up their efforts to provide guidance on just how they must do it. In a recent example from October 19, 2016, three banking regulators—the FDIC, Federal Reserve, and OCC—released an advanced notice of proposed … Continue reading