Banks

Essential Pittsburgh
2:34 pm
Thu August 28, 2014

Cyberattacks Under Investigation

U.S. Attorney David Hickton being interviewed by guest host Andy Conte on Essential Pittsburgh
Credit Margaret Philbin

U. S. Attorney David Hickton’s interest in cyber crimes is getting noticed by the Justice Department. Hickton and his team have investigated the Pitt bombing threats and the PNC denial of service attacks. Their recent work has resulted in the indictment of Chinese military hackers. David Hickton joins us to explain why the Western PA Attorney’s office could be a model for cyber crime units across the country.

With new reports of cyber crimes targeting JP Morgan Chase and other financial institutions, Hickton talks about how we can protect ourselves from hacking.

Essential Pittsburgh
3:40 pm
Tue July 23, 2013

A History of Reigning in the Banks

Could reinstating a Great Depression era financial regulation help save the financial sector?
Credit US House of Representatives / Wikipedia


In an era when big banks are mired in complex and often risky investment schemes, could the reinstatement of a Great Depression era financial law help curb the financial sector’s speculative trading? That’s the discussion being had in congress, as Senators John McCain and Elizabeth Warren push to reinstate the Glass-Steagall Act, a piece of depression era legislation that creates a separation between commercial banking and investment banking. From the perspective of Michael Haley, a professor and H.J. Heinz Endowed Chair of business management at Point Park University, reinstating the act could at least help to simplify the complex banking system currently in place.

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