Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Federal Reserve picked the brain of a wise man when they started taking the US banking system seriously. Oh! Or was it the 2008 economic crisis that forced them to think straight? Whatever the case was, the US central bank has taken a serious notice of the US banks and late in 2011, laid out […]
Bank of America BofA cleared the stress test with 5.9% capital ratio. It is not believed to have proposed any additional capital returns after proposed dividend hike was rejected in 2011. Capital One Financial The institute passed stress test with 7.8% capital ratio. Regions Financial The bank passed stress test with 6.6% capital ratio, announced […]
JPMorgan Chase One of the too big to fail, passed stress test with 5.4% capital ratio under stressed scenario, including proposed captal actions through 2013. Increased its dividend 20% to 30 cents per share, from 25 cents, authorized a $15 billion stock buyback. US Bancorp With a margin US Bancorp passed stress test with 5.4% […]
Anonymous has been attracting attention of late. Especially after attacking Federal Trade Commission’s website twice within a month’s time and websites of other government agencies like Federal Bureau of Investigation and Nasdaq. The social networking websites have helped the hacking group gain the fame in the last couple of years, although it has been in […]
Yet they were winning—easily—against targets as noteworthy as the U.S. Department of Justice, the Federal Bureau of Investigation, the Central Intelligence Agency, the White House and Citigroup. The victories underscore what is perhaps both the main point of the global Anonymous movement and the secret of its success—that the people in charge, whether they be […]
Last year, the Texas water supply system got hacked to prove it can be alongside several banks in Europe, by a single hacker. The very Die Hard 4 moment can therefore be expected in the near future and that is not going to be pretty because there might not be a John McClane to save […]
The year 2011 was anything but secure in terms of internet security and what made it worse was the integration of the public sector organizations that regulate the utilities like water were exposed to the cloud without taking any prior precautions. The corporate sector or the CIA being the target of the hacktivists has been […]
Texas showed a steady and firm performance in the last three years. It was among the last US states who fell victim to the 2008 recession and was the first one to get out of the ordeal. Prosperity did not show an upward performance this year only, but it has been in the thick of […]
The list of top 100 banks is out, based on a recent survey that combed through the data of this year’s financial statements and the recent submissions by these banks on December 1. The banks in the list range from $4.6 Billion Beneficial Mutual Bancorp to goliaths like $2.3 Trillion worth JP Morgan Chase. The […]
The US Senate and Congress took notice of Federal Reserve’s easy lending late in 2010 and first quarter of this year. Fed Chairman Ben Bernanke was sent a memo to make public detailed reports on the aid provided to the US financial institutions. Bernanke, in reply to the leaders of the House and Senate, said […]
Federal Reserve laid out a stress test for major financial institutions in the US. There are currently 19 banks on FRS’ subject-list; among them major parties are Bank of American, JP Morgan Chase and Goldman Sachs Group. The statement issued by the Fed ordered these financial goliaths to undertake a test to see if they […]
