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Fed and Treasury Convene Bank Chiefs on Anthropic Mythos Cyber Risk
business1 day ago

Fed and Treasury Convene Bank Chiefs on Anthropic Mythos Cyber Risk

Federal Reserve Chair Jerome Powell and Treasury Secretary Scott Bessent hosted a dinner for major U.S. bank CEOs to discuss cyber risks linked to Anthropic's Mythos AI model, which was rolled out in a limited capacity due to security concerns. JPMorgan’s Jamie Dimon could not attend; the meeting followed a Financial Services Forum gathering in Washington. Mythos is part of Anthropic’s Glasswing initiative, with partners including Apple, Google, Microsoft and Nvidia. Anthropic says it has been in ongoing discussions with U.S. government agencies about the model’s cyber capabilities, amid prior incidents and regulatory disputes with the DoD.

via CNBC|
#anthropic#banking#business
Perseus Android Banking Malware Expands Tactics by Monitoring Notes and Enabling Live Control
technology21 days ago

Perseus Android Banking Malware Expands Tactics by Monitoring Notes and Enabling Live Control

Security researchers warn of Perseus, a new Android banking malware evolved from Cerberus and Phoenix, distributed via phishing dropper apps and using Accessibility-based remote sessions to takeover devices. It performs overlay attacks, keystroke logging, and notably monitors note apps (Google Keep, Samsung Notes, Evernote, OneNote, etc.) to exfiltrate data, while allowing operators to issue remote commands through a C2 panel (examples include scan_notes, start_vnc, click_coord) and even stream the victim’s screen. Perseus also conducts anti-analysis checks and focuses on targets in Turkey, Italy and several European markets, highlighting a trend toward more adaptable, data-focused Android threats.

via The Hacker News|
#android#banking#cybersecurity
Climbing the Corporate Ladder at a Cost: Four Women in Banking
theater1 month ago

Climbing the Corporate Ladder at a Cost: Four Women in Banking

Tim Teeman reviews Alex Lin’s Chinese Republicans at Roundabout’s Laura Pels Theater, a 2019-set satire about four Chinese American women in banking who form an affinity group to navigate racism, sexism, and the grind of climbing the corporate ladder; though the cast delivers sharp, quotable exchanges, the play remains disappointingly straight, letting ambition overpower nuance, and ends on a resonant note about white patriarchy reasserting itself.

via The New York Times|
#asian-american#banking#misogyny
White House weighs citizenship proof for bank accounts
politics-and-policy1 month ago

White House weighs citizenship proof for bank accounts

The Trump administration is reportedly weighing an executive-order-style move to require banks to collect citizenship documentation from customers, potentially barring some noncitizens from opening or maintaining accounts; however, experts say unilateral action is unlikely and any policy would likely require Congress or APA rulemaking, with broader implications as part of a series of moves restricting financial access for noncitizens.

via Axios|
#banking#citizenship-verification#immigration-policy
Dallas closes in on Charlotte’s banking crown
business1 month ago

Dallas closes in on Charlotte’s banking crown

Dallas is emerging as a rival to Charlotte in banking, rising to the second-largest hub for financial workers behind New York and luring major players like Scotiabank, while Charlotte pushes growth in tech and life sciences to stay competitive; the rivalry reflects broader corporate relocation trends, cost considerations, and regional incentives as both cities vie for investment and talent.

via Axios|
#banking#business#charlotte
Goldman Sachs taps Anthropic to automate back-office banking with AI agents
business2 months ago

Goldman Sachs taps Anthropic to automate back-office banking with AI agents

Goldman Sachs is partnering with Anthropic to develop AI-powered agents based on Claude to automate internal banking tasks—ranging from trade and transaction accounting to client due diligence and onboarding. The project aims to speed up core operational processes, but Goldman says it is still in early development and has not set a launch timeline.

via Reuters|
#anthropic#artificial-intelligence#automation
Five Banks Pay 4%+ APY on Savings—And Here’s How to Grab It
personal-finance2 months ago

Five Banks Pay 4%+ APY on Savings—And Here’s How to Grab It

MarketWatch notes that only about 7% of Americans earn 4% APY or more on savings, yet several banks currently offer 4%+ APYs. It lists five options—Axos Bank Axos ONE Savings (4.21% APY, $1,500 min), Openbank by Santander (4.20%, $500 min), LendingClub Level Up Savings (4.00%, $250+ monthly deposits), Bread Savings High-Yield Savings (4.00%, $100 min), and VIO Bank (4.02%, $100 min). The piece advises shoppers to compare rates and consider CDs for fixed returns, highlighting the large gap between traditional banks and high-yield digital accounts.

via MarketWatch|
#apy#banking#high-yield-savings
Santander to Buy Webster Bank in $12.3B Deal Expanding U.S. Banking Footprint
banking-and-finance2 months ago

Santander to Buy Webster Bank in $12.3B Deal Expanding U.S. Banking Footprint

Santander Bank will acquire Webster Financial Corp., the parent company of Webster Bank, in a $12.3 billion deal that would create a larger, regional lender with a broader U.S. footprint; the agreement is contingent on regulatory approvals and customary closing conditions, with completion expected after clearance from authorities.

via Hartford Business Journal|
#banking#banking-and-finance#connecticut
business2 months ago

Santander to acquire Webster Financial in a $12.3B cash-and-stock deal

Banco Santander will acquire Webster Financial in a cash-and-stock transaction valued at about $12.3 billion, with Webster shareholders receiving $48.75 in cash and 2.0548 Santander ADS per Webster share. The deal is subject to customary closing conditions, including regulatory and stockholder approvals, and is expected to close in the second half of 2026. Webster will become a wholly owned subsidiary of Santander, with leadership integrated into Santander's U.S. operations.

via Business Wire|
#acquisition#banking#business
Santander to Acquire Webster Financial in $12.3 Billion Cash-and-Stock Deal
finance2 months ago

Santander to Acquire Webster Financial in $12.3 Billion Cash-and-Stock Deal

Banco Santander agreed to acquire Webster Financial in a $12.3 billion cash-and-stock deal, paying Webster shareholders $48.75 in cash and 2.0548 Santander American Depositary Shares per Webster share; Webster would become a wholly owned unit of Santander Bank NA, with Webster CEO John Ciulla joining Santander leadership, and the deal is expected to close in the second half of the year.

via The Wall Street Journal|
#banco-santander#banking#finance