BISMARCK – The Bank of North Dakota posted its 10th consecutive year of record profits in 2013, finishing the year with $94.2 million in net income.
The state-owned bank saw a 15 percent increase over the $81.6 million in profits in 2012.
Mike Nowatzki, Forum News Service
April 21, 2014
WASHINGTON - U.S. financial regulators on Thursday told banks to upgrade their systems as soon as possible if they are vulnerable to the recently uncovered "Heartbleed" bug, which exposes data to hackers.
WASHINGTON - Bank of America agreed to pay nearly $800 million in fines and restitution to settle allegations of deceptive marketing and unfair billing involving credit card products, U.S. regulators said on Wednesday.
WASHINGTON - A group of top U.S. regulators on Wednesday warned about the threat of rising cyber-attacks on banks' websites and their cash machines, urging the industry to put proper measures in place to guard against fraud.
WASHINGTON - The number of contracts to buy previously-owned U.S. homes fell in February to the lowest level in more than two years, a sign the housing sector has yet to shake off the impact of higher interest rates and a harsh winter.
FARGO – The head of the Export-Import Bank of the United States says the U.S. economy stands to benefit greatly from increased exports and on Thursday he urged a group of business people in Fargo to take advantage of tools the bank has to offer.
Microsoft withdraws support for Windows XP on April 8
LONDON/NEW YORK - Banks around the world, consumed with meeting more stringent capital regulations, will miss a deadline to upgrade outdated software for automated teller machines (ATMs) and face additional costs to Microsoft to keep them secure.
WASHINGTON - The Federal Reserve is expected to start raising U.S. interest rates in the third quarter of next year as the unemployment rate falls and the economy charts a new path of stronger growth, a Reuters survey of economists showed.
WASHINGTON - The leaders of the U.S. Senate Banking Committee on Tuesday outlined plans for legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac that they said would continue to provide access to long-term, fixed-rate mortgages.
FARGO – Gate City Bank warns the public about fraudulent phone calls being made to local phone numbers in an attempt to obtain confidential debit card information, such as names, card numbers and passwords.
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