Risk management

Warren queries large banks on their coronavirus planning

02/28/20

The Massachusetts senator and presidential candidate sent a letter to CEOs of five of the largest U.S. banks asking about their response to the outbreak.

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Banks walk fine line in preparing for a coronavirus outbreak in U.S.

02/26/20

As the COVID-19 virus spreads globally, many U.S. financial institutions are said to be taking steps to protect employees and minimize disruption. But only a handful are sharing specifics, to avoid contributing to any public panic.

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Bankers embrace new guidelines for ethical AI

02/21/20

Regions, Citizens, BMO and others are adopting principles IBM unveiled at Davos.

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Why more issuers see profit in secured credit cards

02/21/20

Ally Financial's recently announced $2.65 billion cash-and-stock deal for CardWorks, which offers unsecured credit cards among other products, places a high price tag on a traditionally risky product.

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Banks urged to follow Goldman’s lead on fossil fuel

02/19/20

Goldman Sachs pledged in late 2019 to stop financing projects in coal and Arctic oil exploration. Activist groups and Democratic senators say other large institutions should do the same given the economic and environmental risks from climate change.

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Is Ally's leap into subprime credit cards worth the risk?

02/19/20

Investors are reacting skeptically to the auto lender's deal to acquire CardWorks for $2.65 billion.

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Lessons for bankers from disasters that didn't have to be

02/18/20

There's much bank executives can learn from the 737 Max and Deepwater Horizon catastrophes, which could have been averted if regulators had been notified sooner.

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PNC ordered to pay ex-employee $2.4M in sexual harassment case

02/12/20

A New Jersey jury has put banks and other businesses on notice about their liability for incidents involving clients who mistreat employees in the workplace.

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U.S. banks on high alert as coronavirus spreads

02/04/20

The timing couldn’t be worse for ag and energy lenders as well as global banks, which were all counting on the Chinese market to help bolster commercial lending and fee income.

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CECL is a real threat to the financial system

01/31/20

The new accounting standard meant to prevent another financial crisis could actually trigger one.

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