MIDDLE ATLANTIC
U.S. Trust Corp., New York, has elected former Salomon Inc. chairman
Mr. Denham had been chairman and chief executive officer of the
Since June, Mr. Denham has been a partner in the law firm of Munger,
MIDDLE ATLANTIC
U.S. Trust Corp., New York, has elected former Salomon Inc. chairman
Mr. Denham had been chairman and chief executive officer of the
Since June, Mr. Denham has been a partner in the law firm of Munger,
The top five bank holding companies have combined total credit card loan portfolios of more than $705 billion.
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
Ally Financial ended a six-month search for its next chief executive by hiring Discover CEO Michael Rhodes. The move adds a new wrinkle to Discover's pending sale, though Discover said that Rhodes hadn't been expected to have a long-term role at Capital One following the merger's completion.
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
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A panel at CBA Live explored the contract provisions banks need to consider before embarking on new banking-as-a-service relationships and what catches their eyes in consent orders from banking regulators.