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U.S. Banks Spent $1B on Ransomware Payments in 2021: Treasury Department
Nov 2 2022 // US financial institutions spent nearly $1.2 billion on likely ransomware-related payments last year, most commonly in response to breaches originating with Russian criminal groups, according to the Treasury Department. The...
House Lawmakers Say ‘Too Big To Fail’ Panel Too Secretive
Jul 16 2014 // Democratic and Republican lawmakers are cooperating on legislation that would lift some of the secrecy around the U.S. council that decides which companies pose the biggest risks to the financial system. The proposed...
Hartford, Prudential Among Life Insurers Approved for Treasury Funds
May 15 2009 // At least four U.S. insurers won approval on Thursday to raise billions of dollars through the government’s bank bailout plan, the U.S. Treasury Department said. Hartford Financial , the No. 4 U.S. insurer and beset...
Suit Filed in Pa. over Interest on Unclaimed Property
Aug 20 2004 // When lawyer Ronald J. Smolow recovered stock proceeds from the state’s unclaimed-property fund, his request for $30 in interest was turned down. Now, he is pursuing a lawsuit that could eventually cost the state...
Treasury Dept. Extends ‘Make Available’ Provisions of TRIA
Jul 5 2004 // The U.S. Treasury Department announced its decision to extend the “make available” provisions of the Terrorism Risk Insurance Act (TRIA) through 2005, the third year of the federal Terrorism Risk Insurance...
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