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Mike Abbott, global banking lead at Accenture, shared some of his predictions and opinions for the year ahead.
January 16 -
The Federal Reserve governor was one of two to vote against issuing the so-called Basel III endgame proposal. He says work is being done to address issues with the operational risk framework, but that regulators may need to go back to the drawing board for an adequate fix.
January 16 -
American Express has built platforms to help smaller brands quickly bring credit cards to market and for B2B software companies to embed virtual cards.
January 16 -
The Supreme Court will hear oral arguments in two cases seeking to overturn the legal principle known as "Chevron deference," that could usher in a new era of litigation by corporations against government agencies.
January 16 -
The bank agreed to pay an $18 million fine to settle the probe without admitting or denying the SEC's findings.
January 16 -
When the e-commerce giant designs and revises new store models like Just Walk Out, it faces a challenge: How do you train technology that requires real-world data that doesn't yet exist?
January 16 -
Revenue from the fixed-income trading business was little changed from a year earlier, disappointing analysts who had expected an increase.
January 16 -
The asset and wealth division helped drive the gains, posting its highest quarterly revenue in two years on a gain tied to the sale of a financial-management business. That helped counter fixed-income trading results and investment-banking fees that fell short of expectations.
January 16 -
The Federal Reserve's inexplicable failure to enforce rules requiring Silicon Valley Bank Financial Group to serve as a "source of strength" for its subsidiary saddled the FDIC with billions in extra losses.
January 16Kramer Levin Naftalis & Frankel LLP -
Payments fraud is the most expensive kind, at $450B; anti-financial-crime execs are the most worried about real-time payments, a survey from Nasdaq and Oliver Wyman found.
January 16