News Topic: Risk management

While the Bank of America chief says he is encouraged by progress on tax reform, he cautioned that it remains politically and fiscally tough to accomplish, and that the wrong moves on immigration could offset some of the gains from tax cuts. ... Read full article

Richard Berner, who has headed the Office of Financial Research since its inception, said Monday he will resign by yearend to spend time with family. ... Read full article

Regions Financial's chief credit officer is leading a transformation in the way the company manages risk in its loan portfolio. ... Read full article

The $30 million acquisition has hit a snag over problems with Franklin’s commercial real estate portfolio. ... Read full article

As Huntington's chief regulatory liaison, Helga Houston deserves much of the credit for the fact that the Fed approved the FirstMerit acquisition in just 185 days. ... Read full article

The Oregon bank has expanded the role of its chief credit officer to include oversight of risk management. ... Read full article

Banks should not point blame at the credit bureau but rather should step up and demonstrate their commitment to their customers. If you punt the problem to Equifax, it suggests you don’t really care. ... Read full article

Serving on multiple boards while holding full-time executive positions weakens a director’s ability to fulfill the governance demands at complex institutions. ... Read full article

New York’s banking regulator ordered Habib Bank Ltd. to pay $225 million and surrender its license to operate in the state, effectively removing Pakistan’s largest lender from the U.S. financial system. ... Read full article

As the Federal Reserve retools its supervisory approach to bank boards, some critics fear the changes may go too far. ... Read full article

Financial institutions increasingly depend on large tech companies such as Google and Apple for infrastructure, said the group that runs the Davos conference, stopping well short of recommending regulatory changes. ... Read full article

Readers weigh in on the end of President Trump's business councils, what the Charlottesville, Va., clashes mean for banks, OSHA's mishandling of Wells Fargo whistleblower claims, community banks' embrace of blockchain, and more. ... Read full article

Payment processors and banks are being called on to cut off funds to white supremacist groups, but there are practical and legal limits to what firms can do. ... Read full article

The exodus of chief executives from two of President Trump’s business advisory councils in the aftermath of the Charlottesville tragedy was a highly visible example of risk management and cultural principles in action. ... Read full article

Using historical patterns to predict the next financial success or crisis seems rational. But beware the human psyche’s tendency to concoct order out of randomness. ... Read full article

The bank agreed to pay $4.6 million to settle charges it didn't tell consumers why their checking account applications were rejected; Winklevoss brothers to supply bitcoin data to Chicago exchange. ... Read full article

The post-crisis swing in the regulatory pendulum changed Wall Street forever, but it's not clear how much life changed for the umpires of credit, despite a few regulatory tweaks. ... Read full article

JPMorgan Chase is among four banks sued by a trustee for investors in the debt of Millennium Health LLC, alleging the lenders failed to inform them of a federal probe into the billing practices of the borrower. ... Read full article