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The agency needs to demonstrate the moral courage necessary to break up unmanageably large banks.
February 10Americans for Financial Reform -
A reporter tried for more than two years to speak with Michael Bacon, the megabank's former chief security officer. Bacon eventually sat for around 30 interviews, painting a detailed picture of the Wells executive suite as the fake-accounts scandal unfolded.
February 9 -
A senior regulator writes that the ongoing review of the system will lead to changes, rather than an embrace of the status quo.
February 8Federal Housing Finance Agency -
Revisions in 2020 to the way regulators classify "hot" deposits struck some observers as risky, at least in theory. Silvergate seems to have made that risk less theoretical.
February 7American Banker -
Without proper oversight of cryptocurrency exchanges, we will continue to see hucksters and dilettantes making off with customers' funds.
February 6Seward & Kissel -
The models that underpin the central bank's climate risk management exercise are deeply flawed and unsuited to the task at hand.
February 3University of Maryland -
The current interest rate environment advantages banks over their fintech competitors. That can't be allowed to stifle invention.
February 1Codat - AB - podcast
Enlightenment can be found in everyday activities like work, says Thane Lawrie, author of the book, The Buddhist CEO. Lawrie explains some of the Buddhist ideas that, when practiced, can make people better leaders, colleagues and family members.
January 31 -
Rising inventories and the specter of regulation may make it seem like the pandemic auto boom is over, but broader trends could make it a profitable business if banks do it right.
January 31American Banker -
Banks need to be cautious about negotiating pre-merger Community Benefit Agreements with nationwide activist groups. The deals carry real reputational hazard.
January 30