By assessing internal needs, planning how to deal with the external pressures and weighing the value of a good risk chief, banks can make an informed decision on who guides their risk management program.
The largest global banks halved the shortfall in the capital they will need to meet Basel rules in the first six months of 2013, leaving a gap of 57.5 billion euros ($79 billion).
Target Corp., still reeling from a security breach that exposed the personal information of tens of millions of customers, is seeking a new top technology executive to help prevent future attacks.
If banks that performed well for their shareholders from 2002 to 2012 have so many older directors, why would some banks force directors to retire once they hit 70 or 72 years of age?
A House subcommittee is set to discuss whether U.S. financial reform impedes our ability to compete with firms overseas. But if they were truly worried about global competitiveness, there are other, more pressing issues lawmakers should be analyzing.
JPMorgan Chase (JPM) is getting serious about getting to know its customers.
"It would have made a lot more sense to bring back Glass-Steagall," a pre-and-post crisis risk manager tells American Banker Editor in Chief Neil Weinberg, while discussing Washingtons Dodd-Frank solution.
Evidence of fraud at Citigroup's Mexican unit may be endangering its reputational recovery from the financial crisis, and has prompted unusually blunt, and angry, public language from CEO Michael Corbat.
PayPal's history suggests that the problem of Bitcoin fraud will only get worse as the electronic currency gains momentum.
Risk is like water, seeking the path of least resistance. If the path is narrowed, risk does not necessarily evaporate, as regulators wish, but often focuses as a more concentrated force. Accepting this alternative concept of risk has far-reaching policy consequences.
Ally opts to keep dealer markups on its auto loans, despite a hefty settlement. Will reform really happen?
Puerto Rico's banks are stronger than before, but are they strong enough?
In a rare implementation of finger vein authentication, Bank of Lanzhou, in the Gansu province of China, has begun the full-scale deployment of ATMs that use finger scanners to verify users' identity.
Continued focus on this single, but complex Dodd-Frank provision will distract bank managers and regulators from finding ways to make the global financial system healthier.
Attorney General Eric Holder is urging Congress to require companies to promptly alert consumers and law enforcement authorities to significant data breaches.