Corporate governance

Banks improvise annual meeting plans as pandemic worsens

03/24/20

The COVID-19 crisis is forcing many banks to hold their spring shareholder meetings online only.

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HSBC names caretaker Noel Quinn as permanent chief executive

03/17/20

Quinn served as acting CEO since August, when John Flint was ousted over concern he couldn't lead the bank through an increasingly treacherous series of economic challenges.

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Takeaways from ex-Wells Fargo board members’ visit to Congress

03/11/20

The bank’s former chair expressed regret over comments attributed to her in a House report, while Democrats and Republicans butted heads over whether the hearing was necessary.

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Cheat sheet: Inside the $3B Wells Fargo settlement

02/21/20

The ten-digit penalty marks an important milestone for the bank, but individual ex-bankers may still be at risk and grueling hearings lie ahead for current leadership.

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Wells Fargo pays $3 billion, avoids prosecution for sales abuses

02/21/20

A deferred-prosecution agreement with the Justice Department spares the bank a potential criminal conviction — provided it cooperates with continuing probes and abides by other conditions.

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Bankers embrace new guidelines for ethical AI

02/21/20

Regions, Citizens, BMO and others are adopting principles IBM unveiled at Davos.

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Banks urged to follow Goldman’s lead on fossil fuel

02/19/20

Goldman Sachs pledged in late 2019 to stop financing projects in coal and Arctic oil exploration. Activist groups and Democratic senators say other large institutions should do the same given the economic and environmental risks from climate change.

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Fed's ownership rule could open door to more activist investors

02/18/20

Clearer standards make it easier for shareholders to boost their stakes in banks without having to file for bank holding company status.

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Three executive defections, one angry investor at New York bank

02/14/20

Hanover Bancorp is facing a proxy battle after its CFO and two other bankers bolted to a rival.

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L.A. bank, big investor clash over approaches to serving underbanked

02/13/20

Broadway Financial prefers a small balance sheet and loans to real estate investors that offer affordable housing. Capital Corps and its founder, Steven Sugarman, want the bank to expand by making more loans directly to low- and moderate-income borrowers.

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