U.S. banking regulators said on Wednesday they are focused on cyber security risks and controls for U.S. financial institutions after attacks earlier this year involving the global financial network known as SWIFT. In a letter responding to questions from Representative Carolyn Maloney, a Democrat from New York, the regulators also said the U.S. Treasury Department's Office of the Comptroller of the Currency was drafting guidance on interbank messaging and wholesale payment systems. "As part of ongoing supervision activities, the OCC's onsite examination teams regularly address emerging issues, such as the recent reports of cyber-attacks involving SWIFT," said the letter from banking regulators including the Federal Reserve Board and Federal Deposit Insurance Corporation.
US swimmer James Feigen apologized Wednesday for his actions with three other gold medalists in a controversial incident during the Rio Olympics. "First and foremost I would like to apologize for the serious distractions from the Olympics, Rio de Janeiro, and Team USA," Feigen said in a statement. "I want to thank the IOC (International Olympic Committee) and the people of Rio de Janeiro for their hospitality in hosting these games," he said.