"In April 2011, the American Red Cross announced a multiyear initiative designed to improve the disaster readiness of more than 50 communities throughout central and Northern California."
"A new Deloitte and Forbes Insights survey has found that fewer than 25 percent of executives report that their organizations continuously monitor risk."
"The top American military official responsible for defending the United States against cyberattacks said Thursday that there had been a 17-fold increase in computer attacks on American infrastructure between 2009 and 2011, initiated by criminal gangs, hackers and other nations."
"In politics, it is called flip-flopping. In banking, it is called postcrisis regrets. "
"As the Federal Reserve Bank of New York faced criticism for missing a multibillion-dollar trading loss at JPMorgan Chase, the regulator convened a town hall meeting in May to bolster employee morale."
Searle reviews the new book about the collapse of Washington Mutual Bank -- the largest bank failure in American history.
"On June 1, 2008, Timothy F. Geithner – then president of the Federal Reserve Bank of New York – sent an e-mail to Mervyn A. King and Paul Tucker, then respectively governor and executive director of markets at the Bank of England "
"What can shareholders and regulators reasonably expect of boards and non-executive directors of large, complex financial institutions? "
"Nothing particularly dramatic occurred in June...for better or worse."
British regulators will face further scrutiny for their role in a rate-manipulation scandal when top officials at the Financial Services Authority testify on Monday before Parliament.
"Another month, another major security breach."
"After the financial crisis, regulators vowed to overhaul supervision of the nation’s largest banks. "
"Perhaps the most surprising aspect of the Libor scandal is how familiar it seems. "
"As big banks face the fallout from a global investigation into interest rate manipulation, American and British lawmakers are scrutinizing regulators who failed to take action that might have prevented years of illegal activity."
"Fears that a computer virus might cut Internet access around the world appeared to be overblown Monday after U.S. authorities removed a safety net that had protected infected machines for months."
"Thousands could lose access to the Internet on July 9 due to a virus, DNSChanger, that once infected approximately 4 million computers across the world."
Robert E. Diamond Jr., the former chief executive of Barclays, told a British parliamentary committee on Wednesday that the manipulation of global interest rate benchmarks involving 14 traders at the bank had made him “physically sick.”
"Utility crews struggled to catch up with a backlog of millions of people without electricity for a fourth hot day Tuesday as frustration grew and authorities feared the toll of 23 deaths could rise because of stifling conditions and generator fumes."
"The chief executive of Barclays BARC.LN +1.67% PLC, Robert Diamond, resigned Tuesday amid intense political and investor pressure from the British bank's involvement in rigging an important interest-rate benchmark—and another senior executive appeared close to following him out the door."
"The Barclays affair may lack the spice of some recent banking scandals, involving as it does the rather dry “crime” of misreporting interest rates."