Risk management

JPMorgan puts senior credit trader on leave over WhatsApp use

01/13/20

WhatsApp may be a great way to communicate with friends, but when Wall Streeters touch it, their firms get very nervous.

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Open banking’s three biggest pitfalls

01/13/20

Financial institutions need to be aware of the platform model, strategic and reputational hazards that come with granting access to their networks.

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A cautionary tale of open banking

01/06/20

Granting a third party access to a bank's systems in exchange for more advanced technology can help prevent fraud, but it can also attract cyberattacks.

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Fintech, bank conflict heats up; Deutsche plans bonus cuts

12/16/19

Fintechs want access to customers’ financial data, but banks are resisting, on security concerns; Deutsche Bank may cut bonus pool 20% after 14% drop last year.

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OCC flags risks from banks' tech overhaul, Libor transition

12/09/19

The agency’s semiannual report warned institutions to be mindful of operational risks from the innovation in core banking systems, and detailed supervisory steps to monitor the adoption of a new reference rate.

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Threat of negative rates has banks setting floors on loans

11/27/19

Many lenders are establishing a firm bottom on variable interest rates amid intense competition for commercial credits, rising deposit costs and the possibility that the Fed could take rates to unprecedented lows.

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'What could possibly go wrong?': Comments of the week

11/21/19

Readers react to the FDIC's proposal allowing banks to hire ex-cons, regulators looking into climate-change risk at banks, whether rewards programs drive loyal customers and more.

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Three takeaways from regulators' approval of the BB&T-SunTrust merger

11/20/19

The smooth and relatively short process should be encouraging to other big banks that are eyeing deals. But their window of opportunity may not last long.

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U.S. banking regulators taking harder look at climate change

11/18/19

In recent months federal regulators have been speaking out on the risks that extreme weather events pose to the financial system, something their European counterparts have been doing for some time.

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New suit against Discover highlights lingering robocalling risk

10/31/19

The case — the card issuer's third in six years — is an example of the legal peril that banks and other companies continue to face over the use of automated phone calls for debt collection and other purposes.

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