Risk management

Bank known for Lehman gaffe transfers $5.4B in error

03/24/17

Germany's state-owned development bank KfW, which gained publicity for erroneously transferring hundreds of millions of euros to Lehman Brothers the day the U.S. firm filed for bankruptcy, has done it again.

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Performance before big pay, banks tell executives

03/21/17

So-called performance-share units are pushing aside stock options as the preferred long-term incentive pay for bank executives. Many investors and regulators fear that options can encourage reckless conduct and have other shortcomings, though options still have supporters.

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Fed's Dudley says Wells Fargo shows bank culture needs improving

03/21/17

The scandal involving Wells Fargo that surfaced last year shows the U.S. banking industry still has work to do on improving its culture, Federal Reserve Bank of New York President William Dudley said.

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Don’t let fake news or careless tweets expose your bank to harm

03/15/17

Firms need to evaluate risks ranging from hackers spreading false information about the bank to an executive’s inappropriate social media posts.

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Prudential may press Wells Fargo to repay costs tied to fake-account scandal

02/22/17

The insurance company, facing regulatory scrutiny and lawsuits over a former sales relationship with Wells Fargo, said it may press its partner to cover costs after halting the sales.

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Reputational risks are heightened by tense political climate

02/22/17

The newest reputational threat has nothing to do with violations of regulations or ethical norms, but rather with the extreme polarization and activism spreading through the country.

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Should banks spell out how they invest customer deposits?

02/14/17

Trust and transparency can be strengthened and like-minded borrowers and banks can be brought together if transactions are “tagged” and investments are explained, argues Bruce Cahan, adjunct professor at Stanford University.

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Thomson Reuters makes two deals in a hot identity space

02/06/17

The information giant agreed to buy two data businesses from the DTCC as regulators' demands for transparency fuel calls for shared industrywide solutions.

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Trump's anti-Mexico policies threaten Citibanamex, revive divestiture talk

02/03/17

The president’s vow to impose a 20% tax on Mexican imports could make life harder for the Citigroup-owned unit, which is Mexico’s second-largest bank.

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What the world's biggest bank bosses say about Brexit exodus

01/31/17

Bloomberg News conducted interviews and reviewed public statements to discover what each major bank is now planning in the wake of Brewxit.

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