Big banks will have to toughen up their cybersecurity practices to protect customers against attacks, according to proposed new regulations.
Under the new rules, banks would have to employ the most effective controls available and be able to recover from a cyberattack within two hours. The proposals, released Wednesday by the... Read more
Are health-care stocks coming down with something?
They’re the only group in the S&P 500 Index posting losses in 2016 through last Friday, and are on pace for the first yearly decline since the bull market began in 2009. Among the 10 biggest single-stock declines in the benchmark gauge this year, six... Read more
Over the course of four years, at least 5,000 Wells Fargo employees opened more than a million fake bank and credit card accounts on behalf of unwitting customers.
Although many bank accounts were deemed “empty” and closed automatically, employees sometimes transferred customer funds to the new accounts, triggering overdraft fees and hurting credit ratings.
This... Read more
Wall Street stock index futures were little changed throughout Sunday's highly contentious presidential debate, indicating that markets continue to view that Democrat Hillary Clinton holds an edge in the Nov. 8 election against her Republican rival, Donald Trump.
The 90-minute debate got off to a chilly start when Clinton and Trump... Read more