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Banking -- US

This group is focused on banking, money, and credit issues within the US

Members

bevcorwin Gina Angiola Kathy Gilbeaux

Email address for group

banking-us@m.resiliencesystem.org

Business Facilities: 2015 State Rankings Report

Posted by:  Albert Gomez

By Business Facilities Staff
from the July/August 2015 Issue annual-rankings-report

We’ve revamped our Metro and Global rankings this year to include some new technology oriented benchmarks. The new Metro category entries include Advanced Manufacturing (Specialization), Tech Jobs Leaders, Fastest Broadband and STEM Leaders. Our Global Rankings this year also include a new ranking for Leading ICT Hubs (European Cities).

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Target Hackers Wrote Partly in Russian, Displayed High Skill, Report Finds

      

Target Hackers Wrote Partly in Russian, Displayed High Skill, Report Finds

wsj.com - by Danny Yadron - January 16, 2014

The holiday data breach at Target Corp. TGT -0.94% appeared to be part of a broad and highly sophisticated international hacking campaign against multiple retailers, according to a report prepared by federal and private investigators that was sent to financial-services companies and retailers.

The report offers some of the first details to emerge about the source of the attack that compromised 40 million credit- and debit-card accounts and personal data for 70 million people. It also provided further evidence the attack on Target during peak holiday shopping was part of a concerted effort by skilled hackers.

(READ COMPLETE ARTICLE)

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Chase Isn't the Only Bank in Trouble

I've been away for weeks now on a non-financial assignment (we have something unusual coming out in Rolling Stone in a few weeks) so I've fallen behind on some crazy developments on Wall Street. There are multiple scandals blowing up right now, including a whole set of ominous legal cases that could result in punishments so extreme that they might significantly alter the long-term future of the financial services sector.

As one friend of mine put it, "Whatever those morons put aside for settlements, they'd better double it."

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In Banking, Should There Be a Public Option?

The New York Times Opinion Pages, October 1, 2013

Below is an interesting online forum discussing the pros and cons of a public bank.  The participants include:

Ellen Brown, Author, "The Public Bank Solution"; Mark A. Calabria, Cato Institute; Eric Hardmeyer, Bank of North Dakota; Pierre Beynet, Organization for Economic Cooperation and Development; Celeste Watkins-Hayes, Northwestern University; Michael Likovsky, Author, "Obama's Bank"; Hester Peirce,Mercatus Center, George Mason University;Heather Morton, National Conference of State Legislatures

FULL ARTICLE HERE

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howdy folks