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UPS loses data on 3.9 million Citigroup clients
NewsdayCitigroup Inc., the world's largest financial-services company, said yesterday that computer tapes containing personal data on 3.9 million loan customers have been lost by United Parcel Service. The Manhattan-based company said the tapes contain...Tags: UPS Inc., Interior Policy, Consumers, Companies and Corporations, Wages and Pensions
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40 million credit card numbers are at risk
Los Angeles TimesIn the largest reported breach of personal data, hackers infiltrated the computers at a credit card processing center and stole as many as 40 million card numbers, MasterCard International disclosed yesterday. MasterCard said card numbers and...Tags: American Express Company, Fraud, Data Protection, FBI, Wachovia Corp.
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Credit card security lapses cause worries for retailers
Sun StaffRetailers are concerned that they might bear the brunt of lapses in credit and computer security, including the breach that led to hundreds of thousands, and perhaps millions, of credit card numbers being stolen from a credit processing center that was...Tags: Finance, American Express Company, SafeNet Incorporated, Financial and Business Services, Fraud
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Missing data is latest in rash of breaches
Sun StaffWhen CitiFinancial, the Baltimore-based consumer-finance division of Citigroup Inc., put a box of computer tapes that documented the financial habits of its customers on a UPS truck in Weehawken, N.J., last month, the shipment represented one routine step...Tags: Finance, Fraud, University of California, Berkeley, Wachovia Corp., Interior Policy
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Morgan Stanley may mimic Citi-Legg
Bloomberg NewsNEW YORK - Morgan Stanley Chief Executive Officer John J. Mack may consider selling the company's asset-management business as he takes over the world's largest securities firm that he helped create eight years ago. Mack told analysts during a conference...Tags: Companies and Corporations, Corporate Officers, Morgan Stanley Dean Witter & Company, Goldman Sachs Group, Inc., Legg Mason, Inc.
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It's hard to stay focused at Legg with headhunters circling about
THE headhunters are circling. Their target: Legg Mason brokers. Phone lines started lighting up almost as soon as it was reported Wednesday night that Legg Mason was in talks to swap its brokerage business and its 1,500 financial advisers for Citigroup'...Tags: Bill Miller, Mutual Funds, Stock Broking, Maryland, Personal Finance
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Citigroup deal also surprised 'Chip' Mason
IDIDN'T BELIEVE "Chip" Mason would do it. Neither did he. For weeks, Mason said Friday, he had "cold feet" before pulling the trigger on by far the biggest deal of his life and for Legg Mason Inc. - swapping 1,540 brokers for $437 billion in assets...Tags: Bill Miller, Mutual Funds, Legg Mason, Inc., Federal Reserve, Personal Finance
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Legg Mason's broker king key piece of deal with Citi
IN THE MAIN dining room at Shula's on West Fayette Street, over cocktails and a dinner featuring 12-ounce strip steaks and filet mignon, Smith Barney executives gave Marvin H. McIntyre and an elite group of Legg Mason brokers their best sales pitch....Tags: Arthur Ashe, Stock Broking, Patrick Ewing, Franklin Delano Roosevelt, Personal Finance
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Rusnak indicted for bank fraud in Allfirst scandal
Sun StaffJohn M. Rusnak, the Allfirst Financial Inc. currency trader who lost $691.2 million in what prosecutors called a "complex and sophisticated" scheme, was indicted Wednesday on federal bank fraud charges. If convicted in one of the largest financial...Tags: Finance, Fraud, Trials, FBI, Banking
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Talks due in Wall St. analyst probe
Los Angeles Times Staff WriterAfter months of investigations and weeks of negotiations, Wall Street firms and government regulators may know this week whether they'll soon be able to reach a comprehensive settlement over stock-analyst conflicts. The two sides will hold meetings...Tags: Companies and Corporations, Stock Broking, Holidays, Investment Service, Punishment
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WorldCom files for bankruptcy protection
Los Angeles TimesWorldCom Inc., the nation's second-largest long-distance company, crumpled into bankruptcy late Sunday, brought down by massive debt, a shortage of cash and an accounting scandal that rocked investor confidence. The Clinton, Miss.-based...Tags: Finance, Business Enterprises, Mexico, Investments, Banking
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Jun 5, 2002
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