Risk management

'Too big to fail' is alive and Wells

03/06/20

Wells Fargo remains the TBTF poster child and regulators continue to do too little to address the problem. And as always, small banks suffer collateral damage.

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How regulators maneuvered to oust Tim Sloan at Wells Fargo

03/05/20

The bank said it was Sloan's decision to retire, but a new report from House Democrats reveals that Fed and OCC officials made moves behind the scenes in 2018 and 2019 to pressure the bank's board to remove him.

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Coronavirus highlights limits of Fed's power

03/03/20

In announcing the central bank’s emergency rate cut, Chairman Jerome Powell warned that the Fed can only do so much.

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Move over, tech. Banks must focus on their teams, values.

03/03/20

Banks are so caught up in the newest technology trends that they lose sight of the need to build a talented workforce and a purpose-driven organization.

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Visa joins Mastercard in cutting revenue outlook on virus impact

03/03/20

The company said that cardholders’ spending overseas has slowed sharply, especially for travel-related purchases, and that it won’t give a forecast for future quarters until next month.

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How bank regulators could mitigate coronavirus fallout

03/02/20

Policymakers could recommend banks establish backup facilities and the Federal Reserve could stand ready with emergency loans to limit economic shock waves.

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Warren queries large banks on their coronavirus planning

02/28/20

The Massachusetts senator and presidential candidate sent a letter to CEOs of five of the largest U.S. banks asking about their response to the outbreak.

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Banks walk fine line in preparing for a coronavirus outbreak in U.S.

02/26/20

As the COVID-19 virus spreads globally, many U.S. financial institutions are said to be taking steps to protect employees and minimize disruption. But only a handful are sharing specifics, to avoid contributing to any public panic.

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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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Why more issuers see profit in secured credit cards

02/21/20

Ally Financial's recently announced $2.65 billion cash-and-stock deal for CardWorks, which offers unsecured credit cards among other products, places a high price tag on a traditionally risky product.

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