Risk management

Push to keep tabs on employees spurs union of monitoring firms

11/10/20

Smarsh, which enables banks and other clients to archive employee communications, is buying the AI firm Digital Reasoning as employers increasingly seek surveillance options for personnel working from home.

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Fearing protests, financial firms batten down on Election Day

11/03/20

Some banks and credit unions boarded up branches and closed early in anticipation of unrest tied to the tense presidential race.

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Fearing protests, banks batten down on Election Day

11/03/20

Some banks and credit unions boarded up branches and closed early in anticipation of unrest tied to the tense presidential race.

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JPMorgan Chase warns of upcoming fine over internal controls

11/03/20

The company said one of its regulators may impose a civil money penalty related to compliance deficiencies in its advisory business and other areas. The matter echoes a recent fine imposed on Citigroup, one expert says.

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Citi’s chief risk officer to depart as bank begins risk management rebuild

11/02/20

The departure of Brad Hu at the end of the year opens the door for Citi’s soon-to-be CEO Jane Fraser to hire someone new to oversee the bank’s massive risk systems overhaul.

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Beam Financial vanishing act a cautionary tale for partners of fintechs

11/02/20

Customers say the Beam savings app is down and the company isn't returning their money. The situation is putting third parties like Huntington and Dwolla in the firing line, though they say they're not at fault.

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N.Y. regulator is first to issue climate guidance for banks, credit unions

10/29/20

The New York State Department of Financial Services says banks and credit unions under its supervision should limit loan concentrations in vulnerable geographic areas, avoid overexposure to fossil fuel and other legacy businesses and develop financial disclosures detailing climate-related risk.

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The last thing investors need is a contested election

10/21/20

A disputed outcome could cause significant market turmoil in the coming months — and have far more serious repercussions over the longer term.

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U.S. banks' climate disclosures seen as too narrow to reflect risk

10/19/20

U.S. banks are taking too narrow of an approach when disclosing their exposure to climate risk and are potentially underestimating possible losses, according to a report released Monday.

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USAA's OCC fine, Citi mum on risk rehab, no digital bank for PNC: Top stories of the week

10/16/20

USAA's regulatory troubles now include OCC fine, CRA downgrade; Citi CEO Michael Corbat and CFO Mark Mason dodged questions on cost of risk overhaul; PNC unlikely to buy a digital bank, CEO Demchak says; and more from this week's most-read stories.

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