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Big Bank CEOs Say They’ll Work to Avoid Foreclosures

Big Bank CEOs Say They’ll Work to Avoid Foreclosures

by The Associated Press | May 28, 2021 | Banking & Lending, CR Daily, Executive Briefing

The chief executives of the nation’s largest banks went in front of Congress for a second day Thursday, facing questions ranging from inflation to their efforts to keep Americans in their homes after government aid to pandemic-hit mortgage holders expires this summer.

New Haven Man Sentenced to Prison for Stealing Bitcoins in Phishing Scheme

by The Commercial Record | Apr 10, 2019 | Banking & Lending, CR Daily, Executive Briefing, Industry News

A New Haven man was sentenced yesterday in Hartford federal court to 12 months and one day of imprisonment, followed by three years of supervised release, for fraud and money laundering offenses in connection with a scheme to steal bitcoins in an online phishing scheme. 

Buffett’s Business Partner Begs Feds to Ease Up on Wells Fargo, Blasts Bitcoin

by Reuters | Feb 15, 2018 | Banking & Lending, CR Daily, Industry News

Charlie Munger, the longtime business partner of fellow billionaire Warren Buffett, said on Wednesday it is time for regulators to “let up” on Wells Fargo & Co., which will end up “better off” as it corrects a series of mistakes in how it treated banking customers.

SEC Says Bitcoin Funds Raise ‘Investor Protection Issues’

by Reuters | Jan 19, 2018 | Banking & Lending, CR Daily, Industry News

The U.S. securities regulator on Thursday raised alarm about the safety of bitcoin-themed investments, telling the fund industry it wants answers to its concerns before endorsing more than a dozen proposed products based on cryptocurrencies.

Wallingford Man Steals $365K In Bitcoins Through Dark Web Phishing Scheme

by The Commercial Record | Jun 28, 2017 | Banking & Lending, CR Daily, Industry News

A Wallingford man waived his right to be indicted and pleaded guilty in Hartford federal court to fraud and money laundering offenses in connection with a scheme to steal bitcoins in an online phishing scheme.

Bitcoin’s Blockchain Basis For IBM’s New Financial Platform

by The Commercial Record | Jun 28, 2017 | Banking & Lending, CR Daily, Executive Briefing, Industry News

Tech giant IBM is building a blockchain-based platform for seven big European banks, including HSBC and Deutsche Bank, that is aimed at simplifying trade finance transactions for small- and medium-sized companies.

Aftershocks Of Weekend’s Cyberattack

by The Commercial Record | May 15, 2017 | Commercial & Industrial, CR Daily, Executive Briefing, Industry News

Evidence of the cyberattack that hit up to 100 countries continued to ripple around the world Saturday.

US Trial Set Over Bitcoin Exchange Linked To JPMorgan Hack Probe

by Reuters | Feb 13, 2017 | Banking & Lending, CR Daily, Executive Briefing, Industry News

A Florida software engineer and a New Jersey pastor are expected on Monday to face trial in a case stemming from an investigation into a bitcoin exchange and a data breach at JPMorgan Chase & Co.

Wallingford Man Charged With Stealing Bitcoins In Phishing Scheme

Wallingford Man Charged With Stealing Bitcoins In Phishing Scheme

by The Commercial Record | Oct 6, 2016 | Banking & Lending, CR Daily, Executive Briefing, Industry News

A Wallingford man was recently charged with stealing Bitcoins in a dark web phishing scheme. Bitcoins are a form of electronic currency and online marketplaces on the dark web typically accept them as a payment method.

California-Based Mortgage Scammer Pleads Guilty

by The Commercial Record | Feb 26, 2016 | Executive Briefing, Industry News, Residential Real Estate

A California man has pleaded guilty in a district court in Bridgeport to conspiring to defraud homeowners in Connecticut and across the United States through a mortgage loan scheme. According to court documents and statements made in court, Serj Geutssoyan and others...

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