Risk management

Will Citi snafu bring fresh scrutiny to custodial banks?

08/25/20

Citigroup’s $900 million payment blunder in a usually sleepy part of the financial market dominated by a handful of banks has experts wondering if regulators will uncover a deeper problem.

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Regions Bank's Godin to retire at year-end

08/18/20

Barb Godin, the deputy chief risk officer and chief credit officer at the Birmingham, Ala., bank, is stepping down after a 45-year career in banking.

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Citi asks Revlon lenders to return mistaken $900 million

08/14/20

The bank has recouped part of the payment, which it blamed on a clerical error, but some of the lenders say they were owed the money in connection with an ongoing dispute.

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MUFG Union Bank hires chief information security officer

08/14/20

Devon Bryan, who held similar jobs at KPMG and the Federal Reserve System, succeeds Brian DiPietro, who had been information security chief since 2016.

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Wells Fargo chief compliance officer is leaving: Report

08/13/20

The executive shuffle at the company continues as Chief Compliance Officer Mike Roemer quits and Credit Suisse America’s Paula Dominick is hired, according to a Financial Times report.

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Check your toolbox before chasing new (and expensive) modeling systems

08/11/20

Many banks buy modeling tools from vendors to help detect new areas of risk, fraud and profitability without realizing their existing systems are capable of doing the same.

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Housing groups seek change to FHA loan restriction on student debt

08/05/20

An industry coalition wants to ensure borrowers who took out certain types of loans to fund their education aren’t locked out of access to historically low mortgage rates.

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De novo started by gamblers rolls dice on banking them

07/30/20

Lexicon Bank in Las Vegas, whose chairman was a professional gambler, is actively courting poker players to open deposit accounts for their tournament winnings.

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Capital relief is good for big banks and the economy

07/15/20

Some criticized the Fed’s decision to temporarily lift capital restrictions for megabanks, but the move will help ease the crisis.

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JPMorgan dropped accounts that became bad news for Deutsche Bank

07/09/20

The trio of clients that got Deutsche Bank in regulatory trouble this week had a shared back story: They were all castoffs of JPMorgan Chase.

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