Can banks band together to solve vendor risk problems?
Barclays, Goldman Sachs, HSBC and Morgan Stanley are backing a shared vendor risk management platform. The tough part will be agreeing on a final product. ... Read full article
Barclays, Goldman Sachs, HSBC and Morgan Stanley are backing a shared vendor risk management platform. The tough part will be agreeing on a final product. ... Read full article
Portable digital identities could improve customer experience, cut costs and generate revenue for banks. But who’s on the hook when something goes wrong? ... Read full article
Andy Maguire faces a challenge: tasked with upgrading HSBC's digital-banking systems, he has discovered that customers are twice as likely to trust a robot for heart surgery than for picking a savings account. ... Read full article
HSBC is getting aggressive in Canada — and one needs to look no further than its latest mortgage rate for proof of broader ambitions. ... Read full article
Money laundering in Latin America is said to be worsening and a corruption probe in Brazil adds to the worries, but Latin American banks are fighting hard to preserve business with U.S. banks. ... Read full article
Community banks, which could be the hardest hit if economic tensions between the U.S. and Mexico escalate into a tariff battle, are urging policymakers to refrain from rash action, and big banks are already trimming exposures. ... Read full article
Cash that flowed from Russia through a vast money-laundering network sometimes ended up passing through the world's largest banks, including Citigroup, Bank of America, and HSBC, the Guardian reported, citing a cache of financial records it reviewed. ... Read full article
Europe's largest bank gets accolades for its choice of chairman; Thomas Hoenig calls for standalone bank holding companies for "non-traditional activities." ... Read full article
Mark Tucker, the British bank's new chairman, will look to replace its outgoing CEO; A Canadian television network says bank employees were pressured to phony up accounts to meet sales targets. ... Read full article
Chief Executive Officer Stuart Gulliver is still battling to reverse five years of declining revenue as he pares back HSBC’s sprawling global footprint and reduces expenses. ... Read full article
There were two "complimentary" articles yesterday - one in American Banker, entitled " MBS Trustees Push JPMorgan Chase for Access to Loan Files", the other from RealtyTrac's Agent Advocate newsletter announcing, ... Read full article
There were two "complimentary" articles yesterday - one in American Banker, entitled " MBS Trustees Push JPMorgan Chase for Access to Loan Files", the other from RealtyTrac's Agent Advocate newsletter announcing, ... Read full article
As a solo practitioner I must acknowledge my work limitations; I cannot compete against the 40th floor Boston or other big-city law firms. ... Read full article