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U.S. bank executives offer cautious optimism heading into 2020

5 monthes ago   |   By Reuters

Despite trade wars, low interest rates and new geopolitical tensions, big U.S. banks have not experienced major disruption to their core businesses and top executives are hopeful they can generate growth this year.
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A cyberattack on a major US financial institution would affect more than a third of bank assets, New York Fed warns

A cyberattack on a major US financial institution would affect more than a third of bank assets, New York Fed warns

5 monthes ago   |   By Business Insider

A sophisticated cyber attack on the US could ripple through major banks and severely disrupt the broader financial system, new research shows.
A cyberattack on the data or systems of any one of the five most active banks could spill over to others and affect more than a third of assets in the overall network, according to the New York Fed paper.
Exact estimates of potential damage varied based on the timing and location of a US cyberattack, according to the paper.
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A sophisticated cyberattack on the US could ripple through major banks and severely...
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