Risk management

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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Payment facilitators struggle with risk of pandemic payments — would banks do better?

06/25/20

Brick-and-mortar merchants that have shifted to online have changed their risk profile, causing conflicts with the fintechs like Square that handle their payments. And that could be an opportunity for banks.

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Forbearance during coronavirus a double-edged sword

06/25/20

Borrower relief is necessary in a national emergency, but if the exclusion of the deferred loans from troubled debt restructurings is extended past the end of the year, safety and soundness could be compromised.

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Banks can ill afford to get complacent about coronavirus

06/24/20

Business continuity plans should be used constantly, not just when the crisis is at its peak, says the New York Fed’s head of financial services.

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Banking with purpose: A new social contract

06/23/20

The pandemic and the Black Lives Matter protests have changed the way banks interact with their customers, communities and employees. Here's how.

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