Corporate governance

Former PIMCO president joins Citi's board

06/29/18

Citigroup has appointed Jay Jacobs, former president of the investment management firm PIMCO, as an independent director.

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Equifax reaches deal with 8 states on steps to avoid future breaches

06/27/18

Under a consent order with Texas and seven other states, the Atlanta-based credit reporting firm agreed to shore up its information security efforts, but it will not have to pay any financial penalties.

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Why banks’ biggest risk factor may be employees who don’t speak up

06/18/18

Senior leaders may say that they want to hear bad news, but that doesn’t mean lower-level employees are eager to share it with them.

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Size, 'siloing' can undermine companies' culture: Wells’ Betsy Duke

06/18/18

At a conference on corporate culture, Wells Fargo’s board chair explained why problems tend to fester longer at larger institutions.

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One size fits none in quest to define ideal bank board

06/13/18

Everyone agrees good corporate governance involves a board that is just the “right” size and has a “good mix” of knowledgeable insiders and independent watchdogs. But setting bright-line rules for banks as varied as M&T, Wells Fargo and Eastern Bank is hard.

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Firestorm over faulty accounts is just beginning

06/08/18

Institutions that have been opening consumer accounts without consent need to prepare for the fallout, even if the OCC has said it won't name names.

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Mulvaney’s rationale for firing advisory boards doesn’t hold water

06/07/18

It's tough to explain the bizarre way the CFPB handled the decision to dismiss the members of three advisory councils earlier this week.

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Wells Fargo not alone: OCC finds sales abuses at other banks

06/05/18

An inquiry into the sales practices of more than 40 banks launched in the wake of the Wells scandal found several systemic issues and hundreds of problems at individual institutions. The OCC completed the review in December but is not making the results public.

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Sloan addresses Wells Fargo's AML snafu, but big questions remain

05/31/18

Speaking at an industry conference Thursday, Wells Fargo CEO Tim Sloan left open the possibility that employees intentionally falsified important regulatory documents.

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Are women bankers doing enough to elevate each other to the C-suite?

05/23/18

Senior executives from Barclays, Bank of America and other big banks urged women to aim high, take chances on challenging jobs and — perhaps most important — provide support to other high-performing female colleagues instead of viewing them as a threat.

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