The FDIC Office of Inspector General attributed the downfall of Citizens Bank in November 2023 to lax lending practices and risk mismanagement by the Lange family, causing a $14.8 million loss to the regulator's Deposit Insurance Fund. The OIG saw no grounds for a more extensive review.
Last spring, the company's executives stared down any banker's worst fear: the threat of a deposit run. Here's what kept them off the list of 2023's dead banks.
Discover the importance of risk prioritization and how AI-powered tools can create a centralized inventory of rules, enabling a connected ecosystem from regulations to controls.
In today's dynamic banking environment marked by accelerating complexity, rapid technological advances, changing consumer expectations, and an ever-evolving regulatory environment, understanding the intricacies of what really drives profitability and revenue is critical for success.
In this webinar, industry experts will delve into the latest trends and insights on check fraud, including the impact of mail theft on check fraud and emerging threats from the dark web and Telegram–informed by recent real-world examples.