Thursday, September 27, 2012

Bank cyber attacks continue, but aren't damaging

Welcome to the morning roundup. Here's a look at what's news in banking and finance this morning.

Bank attacks continue, but not damaging. The ongoing cyber attacks against banks reached U.S. Bank and PNC Financial on Wednesday, the Associated Press reports, and some customers continued reporting issues with Wells Fargo's website. The New York Times says the attacks are more of a "nuisance," and haven't damaged the banks' computer systems or customer accounts.

Controversial ref works for BofA. That replacement referee who blew the Seahawks-Packers touchdown call that cost Green Bay the game? He's a vice president for Bank of America in California, American Banker reported.

BofA layoffs in Australia. Bank of America is reportedly now cutting some jobs in Australia, The Wall Street Journal says. About 10 cuts have been made so far in the investment bank there.

Bair wants less leverage. Former FDIC chairwoman Sheila Bair calls in her new book for regulators to double banks leverage ratio requirement, from 4 percent to 8 percent, Bloomberg reports.