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Wells Fargo executives say it keeps its risk low through the bank’s one-size-fits-all approach to problems: greater customer focus.
May 23 -
There is a growing debate over how much detail a bank should have to disclose to regulators about the money it sets aside to cover losses stemming from lawsuits.
August 8 -
The Basel system has sanctioned bank balance sheets on the verge of insolvency, but in doing so it may have permitted much more lending and much more trading.
September 5
Michael Loughlin, the chief risk officer of Wells Fargo (WFC), has been elected chairman of the Risk Management Association in Philadelphia.
Loughlin's one-year term as chairman of the nonprofit began Sept. 1, according to a
Loughlin has served as Wells' risk chief since 2006 and is also a senior executive vice president; previously he oversaw credit approval, policy and reporting for wholesale banking. Loughlin has frequently trumpeted Wells'
RMA also announced that Nancy Foster, chief risk officer and executive vice president of Park Sterling (PSTB) in Charlotte, N.C., was elected vice chairman of the board. Foster has held her current position at Park Sterling since 2010. Before that, she was chief risk officer of CIT Group (CIT) in Livingston, N.J.
