News Topic: Risk management
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Most big banks say they're ready for climate stress tests
Banks’ robust capital mitigates risks, regulators tell Biden
Bank, airline sites go dark briefly in broad internet outage
Fed admonishes Deutsche Bank for ongoing compliance failures
Fed should get real about its role in crypto's volatility
Texas advances bill targeting Bank of America, Citi over gun policies
JPMorgan memo warned $875 million payment was graft risk
AI enables banks to spot bias claims in customers' complaints
Credit unions sound alarm on COVID-19 vaccination scams
Citi poised for cardholder acquisition push
FDIC chief cites legacy systems as 'No. 1' concern for banks
Mastercard rewrites rules for banks backing pornography sellers
Michigan Legacy calls timeout on sports betting
Biden plans to order climate risk strategy for financial assets
Wells Fargo unwinds Archegos exposure without posting losses
How policymakers can encourage responsible innovation
Like their counterparts in the U.K., U.S. regulators should be working closely with the private sector to establish principles and guardrails to direct and focus tech advancements in ways that will protect consumers and financial stability. ]] ... Read full article
Citi blocks firms with errant Revlon payout from debt deals
Citigroup is punishing investment firms that kept payments the bank accidentally sent to Revlon lenders by blocking them from certain new debt offerings led by the bank, according to people with knowledge of the matter. ... Read full article
Citi’s $900 million mistake prompts banks to seek new safeguards
Banks have begun inserting new language into loan deals that would require investors to return accidental payments like the one Citigroup made to Revlon's lenders last year. ... Read full article
Amalgamated makes environmental, social values part of bottom line
The bank’s new holding company, Amalgamated Financial Group, is the first publicly traded financial services company to become a public benefit corporation. It says the legal designation will help officers and directors balance the interests of ... Read full article