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A report from the Treasury Department's Federal Insurance Office urges state regulators to spruce up their toolkits for monitoring and mitigating the impact of climate change on homeowners insurance.
June 27
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The Federal Reserve gave itself the power to raise capital requirements when risks are elevated to ensure banks can lend through the business cycle. But the rule hasn't been used, and it isn't clear it could ever work in practice.
June 27
American Banker -
A Florida pension fund is demanding the bank turn over files about a possible criminal probe into whether the bank violated federal law by setting up fake job interviews to meet in-house diversity guidelines.
June 27
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When community lenders report second-quarter results next month, all eyes will be on deposit levels and funding costs. By extension, analysts expect more banks to roll out expense reduction plans to protect their bottom lines.
June 27
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The allegation that Binance encouraged the use of location-obscuring technology so that it could illegally serve U.S. clients is a symptom of a broader problem for financial services companies.
June 27
GeoComply -
The European Cental Bank recently urged banks it supervises "to speed up their downsizing and exit strategies by adopting clear road maps" and regularly reporting on progress, according to Andrea Enria, who leads the ECB's supervisory board.
June 27
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The bank's subsidiary TravelBank is countering the many fintechs that are entering its market.
June 27
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The fintech Zepz has added a new remittance method with an FDIC-backed mobile bank account.
June 27
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The heads of the Federal Reserve and Federal Deposit Insurance Corp. say upcoming capital proposals won't be implemented for years, but banks tend to move fast to get ahead of upcoming changes.
June 26
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Measurements of financed emissions are currently plagued by differing methodologies and time lags in corporate climate disclosures, according to a new report by an environmental advocacy group.
June 26
