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In a newly created role, 14-year company veteran Andres Wolberg-Stok is helping Citigroup take its consumer technologies in new directions with APIs, wearables, the Internet of things and biometric authentication.
January 16 -
In an era where businesses are increasingly focused on cloud computing, Citigroup is turning instead to souped-up hardware in the form of IBM's newest z13 mainframe, which it says can help it better deal with the explosive growth in mobile and online transactions.
January 14 -
The agency appears to be on the verge of reining in lawsuits that have cost banks hundreds of millions of dollars in recent years.
January 13
Two defendants in an alleged identity theft ring that targeted banks in New York City and Westchester County have pleaded guilty.
Tyrone Lee and Anthony Davis admitted on Tuesday to orchestrating thefts of customer information using bank tellers at branches. Using data gained from tellers who cooperated in the ring, Lee stole personal information from hundreds of customers of Bank of America, JP Morgan Chase, HSBC, TD Bank, and Wachovia branches.
Lee had tellers target customers with common names and more than $50,000 in their accounts. He then had others involved in the scheme impersonate the customers to make withdrawals.
Lee pleaded guilty to a 37-count indictment brought against him in a Westchester County court. Davis, who forged checks and fake IDs for use by members of the ring, pleaded guilty to lesser counts of identity theft and scheming to defraud.
New York State Attorney General Eric Schneiderman's office said the scheme had been expanded to Long Island, Connecticut, and Massachusetts.
