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US banking sector
Trends
- 1Fed watchdog flags data breaches by retiring staff member●Fed watchdog flags apparent data breaches by retiring staff member
A Federal Reserve internal watchdog has flagged apparent data breaches carried out by a retiring staff member, according to Reuters. The disclosure raises fresh questions about data security and insider access controls at the US central bank. Details about the scope of the breaches and what information may have been exposed have not yet been made public.
- 2Wall Street Banks Set to Report Q2 Earnings Next Week●Top Wall Street Banks Kick Off Q2 Earnings Next Week — Here's What Analysts Expect
Major Wall Street banks are scheduled to begin reporting second-quarter earnings next week, marking the unofficial start of the corporate earnings season. Analysts are publishing expectations for the sector, with attention on trading revenues, investment banking activity, and how higher-for-longer interest rates are affecting lending margins. Investors will be watching results closely for signals about the health of the broader US economy and financial markets in the second half of the year.