Calif. leads nation in data breaches

Banks easily pass the first round of stress tests for 2019 | BofA CEO says US will avoid recession | Mortgage delinquencies, foreclosures decline sharply Created for {EMAIL} | [Web Version]( June 26, 2019 [SIGN UP]( ⋅ [FORWARD]( [] Risk Management and Insurance [] [Banks easily pass the first round of stress tests for 2019]( The 18 banks required to undergo the 2019 Dodd-Frank Act stress test all passed easily despite tougher requirements enacted because of the strong economy. "The nation's largest banks are significantly stronger than before the crisis and would be well positioned to support the economy even after a severe shock," said Federal Reserve Vice Chairman Randal Quarles. [American Banker online (free content)]( (6/21), [CNBC]( (6/21) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] [BofA CEO says US will avoid recession]( The chief executive officer of Bank of America, Brian Moynihan, believes the economy of the United States will avoid a recession. "Everything we see in our customer base is consistent with a slowdown to 2% [GDP growth] and a flattening out from there," he said. [Financial News (UK) (subscription required)]( (6/25) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] - [Mortgage delinquencies, foreclosures decline sharply]( HousingWire (6/20) [] Cybersecurity [] [Calif. leads nation in data breaches]( California is first in the nation for data breaches, followed by New York and Texas, owing to the large number of data-rich companies in those states, a new study by Comparitech found. In the past decade, 5.6 billion records have been exposed in 1,493 data breaches in California; New York had 239 million records exposed in 729 breaches; and Texas had 288 million exposed in 661 breaches. [Infosecurity (U.K.)]( (6/21) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] Government Regulation [] [Results from second round of stress tests will be released Thursday]( The Federal Reserve's latest stress test has found the largest banks in the US would lose $410 billion under the most severe scenario but would still hold the regulatory minimum for capital. Results of a second, more rigorous test that assesses implementation of capital plans will be released Thursday. [Reuters]( (6/22), [The Wall Street Journal (tiered subscription model)]( (6/21) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] [Survey: Trump trade policies a big worry for manufacturers]( A survey by the National Association of Manufacturers finds 56% of manufacturers identify trade policies from the Trump administration as one of their biggest challenges. About 31% of respondents deem the economy one of their biggest challenges. [The Associated Press]( (6/24) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] Innovation [] [U.S. Bank partners with company for automated health care payments]( U.S. Bank is integrating Inworks' Intelligent Pay platform with its Virtual Pay Visa to streamline payments between medical providers and insurance companies. The platform does not have any customers yet. [Mobile Payments Today]( (6/24) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] - [Banks see little return in digital investment, study says]( American Banker online (free content)/Bloomberg (6/21) [] News from Aon [] [Building Disaster Resilience: The Importance of Data, Maps and Social Media]( Each year, over 200 million people globally are affected or displaced by natural disasters. As technology continues to play a central part in our lives, disaster-relief organizations are taking on large-scale crowdsourcing programs to help vulnerable communities before, during and after disasters. [Learn more.]( [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] [International D&O Liability Insurance: One Size Does Not Fit All]( Approaches can widely vary on how U.S. multinational parent companies decide to structure their International Directors' & Officers' (D&O) program. Discover different options available, as well as some of the pros and cons. [Learn more.]( [LinkedIn]( [Twitter]( [Facebook]( [Email]( Learn more about Aon Financial Institutions: [Aon Home Page]( | [Aon Financial Institutions]( [Thought Leadership]( | [Media Room]( [] [] If I fail, I'm coming back. If I fail again, I'm coming back stronger. Devean George, former NBA player [LinkedIn]( [Twitter]( [Facebook]( [Email]( About Aon Financial Institutions The Aon Financial Institutions Practice develops risk transfer and consulting solutions for a wide range of businesses including banks, insurance companies, asset managers and diversified investment and finance firms. Our experts draw on deep experience in developing products involving management and professional liability, property and casualty, cyber, operational and enterprise risk management, environmental liability, employee benefits, and transactional solutions. These solutions help clients build a tailored risk management program that empowers results for their organizations. Contact Aon Aon Financial Institutions Jacqueline Quintal | Managing Director Financial Institutions Practice Leader t. 212.441.2339 jacqueline.quintal@aon.com [www.aon.com]( [Linkedin]( [Twitter]( About Aon Aon plc (NYSE:AON) is a leading global professional services firm providing a broad range of risk, retirement and health solutions. Our 50,000 colleagues in 120 countries empower results for clients by using proprietary data and analytics to deliver insights that reduce volatility and improve performance. 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