Risk management

The Office of the Comptroller of the Currency told a somewhat familiar story Friday about the industry's risk environment.

Sellers may shy away from partnering with banks that rely too heavily on one individual for their success, so buyers must show they are ready to handle unexpected departures or illnesses involving key personnel.

If HSBC reaches an agreement with the government, it could give an early indication of how the Trump administration will levy financial penalties.

The world is divided into those who pursue popular decisions that are more likely to fail and those who go against the crowd and end up having the last laugh.

Barclays, Goldman Sachs, HSBC and Morgan Stanley are backing a shared vendor risk management platform. The tough part will be agreeing on a final product.

Readers weigh in on chatbots, Amazon’s physical footprint expansion plans, alternative credit data and more.

The House Financial Services Committee approved several bills Thursday designed to boost the private flood insurance market.

The message to banks is loud and clear: A vendor’s mistake is your mistake. You can outsource a function, but not the responsibility for mishaps.

Narcissistic biases can lead us to favor those who look like us or have similar backgrounds or other common bonds. This inevitably affects the quality of hiring and risk management decisions.

The American Civil Liberties Union is accusing JPMorgan Chase of violating the Civil Rights Act by discriminating against fathers when they ask for parental leave.