Risk management

How policymakers can encourage responsible innovation

03/29/21

Like their counterparts in the U.K., U.S. regulators should be working closely with the private sector to establish principles and guardrails to direct and focus tech advancements in ways that will protect consumers and financial stability.

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Citi blocks firms with errant Revlon payout from debt deals

03/10/21

Citigroup is punishing investment firms that kept payments the bank accidentally sent to Revlon lenders by blocking them from certain new debt offerings led by the bank, according to people with knowledge of the matter.

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Citi’s $900 million mistake prompts banks to seek new safeguards

03/03/21

Banks have begun inserting new language into loan deals that would require investors to return accidental payments like the one Citigroup made to Revlon's lenders last year.

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Amalgamated makes environmental, social values part of bottom line

03/01/21

The bank’s new holding company, Amalgamated Financial Group, is the first publicly traded financial services company to become a public benefit corporation. It says the legal designation will help officers and directors balance the interests of shareholders and the public.

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