Risk management

Move over, tech. Banks must focus on their teams, values.

03/03/20

Banks are so caught up in the newest technology trends that they lose sight of the need to build a talented workforce and a purpose-driven organization.

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Visa joins Mastercard in cutting revenue outlook on virus impact

03/03/20

The company said that cardholders’ spending overseas has slowed sharply, especially for travel-related purchases, and that it won’t give a forecast for future quarters until next month.

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How bank regulators could mitigate coronavirus fallout

03/02/20

Policymakers could recommend banks establish backup facilities and the Federal Reserve could stand ready with emergency loans to limit economic shock waves.

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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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