Risk


  • OCC
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    Retrieved from OCC.
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    OCC ends climate risk guidance for large banks

    Acting OCC chief Rodney Hood called the guidance "burdensome and duplicative." However, a policy advocate at Public Citizen labeled the move "deeply irresponsible."

    By Zoya Mirza • April 1, 2025
  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
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    Anna Hrushka/Banking Dive
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    FDIC eases crypto rules for banks

    Banks can engage in crypto-related activities, but must still exercise proper caution, the agency said.

    By April 1, 2025
  • An AI processor on a futuristic printed circuit board Explore the Trendline
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    da-kuk via Getty Images
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    Trendline

    Artificial intelligence

    Banks are enthusiastic about AI’s promises. But can they get customers on board, and will regulators let the innovation happen?

    By Banking Dive staff
  • This image depicts the podcast series cover image for Arcesium's Banking Dive series, "Comply to Compete: Better Banking Data Management Through 2025’s M&A Integrations"
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    Anne Callahan/Banking Dive
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    Sponsored by Arcesium

    [Podcast] Comply to Compete: Better Banking Data Management Through 2025’s M&A Integrations

    M&A is surging—are banks ready for the compliance challenges? Tune in to Arcesium’s podcast for expert insights.

    By Banking Dive's studioID • March 27, 2025
  • ING’s net-zero targets align with SBTi

    The Dutch bank aims to reduce its absolute scope 1 and scope 2 emissions by 44% by 2030, compared with 2023. It's the first global bank to have its climate goals validated by the organization.

    By Lamar Johnson • March 27, 2025
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    Daniel Berehulak via Getty Images
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    Column

    Dive Deposits: UBS simply doesn’t want to be held back

    The Swiss bank’s threat to move its HQ from its home country comes as its spirit appears to morph from European to British to American on ideals such as DEI, pay and climate.

    By March 27, 2025
  • Senators Tim Scott and Elizabeth Warren converse during a Senate Banking Committee hearing.
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    Kayla Bartkowski / Staff via Getty Images
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    OCC nominee Gould aims to ‘shine a spotlight’ on de-banking

    “I think too often reputation risk is used as a pre-text for other motives,” Jonathan Gould, an OCC veteran President Donald Trump tapped to lead the agency, told lawmakers at a hearing.

    By March 27, 2025
  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
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    Anna Hrushka/Banking Dive
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    FDIC ‘plans to eradicate’ focus on reputational risk

    Two bank regulators and the head of the Senate Banking Committee have called to put an end to a regulatory focus on reputational risk this month.

    By March 26, 2025
  • A sign reads "Wells Fargo" outside of a Wells bank branch.
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    Michael M. Santiago / Staff via Getty Images
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    Judge dismisses lawsuit against Wells Fargo over prescription drug costs

    The decision could throw cold water on potential copycat suits seeking to hold large, self-funded employers responsible if they overpay for prescription drugs.

    By Rebecca Pifer • March 26, 2025
  • The Office of the Comptroller of the Currency's seal hangs on a brick building.
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    Permission granted by Office of the Comptroller of the Currency
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    Massachusetts bank deemed in ‘troubled condition’ by OCC

    The $209.9 million-asset 42 North Private Bank did not fully comply with a 2017 consent order alleging unsafe and unsound practices, the OCC said.

    By March 21, 2025
  • OCC
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    Retrieved from OCC.
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    OCC to stop examining for reputational risk

    “The OCC has not and does not make business decisions for banks,” Acting Comptroller Rodney Hood said, adding that future exams will focus on more transparent risk areas.

    By March 21, 2025
  • The Federal Deposit Insurance Corp. headquarters in Washington, D.C.
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    Anna Hrushka/Banking Dive
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    FDIC OIG report underscores attrition, brain drain concerns at regulator

    Skill loss is a key risk as examiners leave the FDIC, “especially those with advanced IT skillsets who examine risks at the most complex banks,” the watchdog’s report said.

    By March 21, 2025
  • The Phoenix headquarters of Western Alliance Bank is shown.
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    Permission granted by Michael Milazzo
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    Western Alliance breach exposes 22K customers’ data

    The October incident, involving a vulnerability in third-party software, went undetected for three months. The Phoenix, Arizona-based lender then took 46 days to disclose it.

    By March 21, 2025
  • FTC v. Welsh Carson and USAP
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    RiverNorthPhotography via Getty Images
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    Bank transfer fraud losses outpace crypto

    The value of fraud losses last year was highest for bank transfers and payments, followed by cryptocurrency transactions, according to a report from the Federal Trade Commission released last week.

    By Lynne Marek • March 21, 2025
  • A over the shoulder shot of woman using smartphone with Two-Factor Authentication security while logging to laptop.
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    gahsoon via Getty Images
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    Bank customers want clearer communication on cybersecurity: survey

    Static, bare-bones website text about information security is “not enough anymore,” an Accenture executive said. A survey by the company found that customers trust banks – but not third-party partners – with their data.

    By March 20, 2025
  • Outside shot of Citigroup HQ with a sign with the Citi logo in the shot
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    Mario Tama via Getty Images
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    Citi shrinks execs’ bonuses over tech revamp

    Senior leaders were paid just 68% of 2024’s target, the bank said in a proxy filing, citing slower progress on regulatory issues.

    By March 19, 2025
  • Capital One
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    Joe Raedle via Getty Images
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    Trump Organization lawsuit raises questions on Capital One-Discover deal

    Capital One needs three U.S. approvals to proceed with its $35.3 billion purchase of Discover. Could a Trump Organization lawsuit against the bank spell trouble?

    By Justin Bachman • March 18, 2025
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    Spencer Platt via Getty Images
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    US banks turn to SEC to dodge climate, social shareholder proposals

    The agency has largely denied the requests, ruling that banks must put the requests to disclose its clean energy financing ratios and indigenous rights practices to a vote.

    By Lamar Johnson • March 17, 2025
  • Webster eyes $100B threshold, invests in hiring and tech

    The Connecticut-based bank aims to hire about 200 people this year, including adding about two dozen technology and cybersecurity employees, Webster’s CIO said.

    By March 14, 2025
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    Anna Moneymaker via Getty Images
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    NYDFS chief details changes spurred by Signature failure

    The regulator implemented new escalation protocols and an operational stress testing exercise to keep a closer eye on the “C students” under its watch, Adrienne Harris said Tuesday.

    By March 12, 2025
  • An illustration of the front of a bank connected to different icons representing digital services.
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    Chor muang via Getty Images
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    Q&A

    Pathward CEO: Regulatory scrutiny of BaaS ‘just getting started’

    Regulators will keep BaaS under the microscope, continuing to put pressure on the space and contributing to fewer banks in the space, expects Brett Pharr, the bank’s CEO.

    By March 12, 2025
  • People pass the JPMorgan Chase headquarters building on May 26, 2023 in New York City.
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    Michael M. Santiago via Getty Images
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    Wells Fargo sues JPMorgan over $481M CRE loan

    JPMorgan failed to conduct due diligence on the commercial real estate loan, then quickly offloaded the risk, “taking home millions of dollars of fees in the process,” Wells asserted.

    By March 11, 2025
  • A view of boats on water in a Rhode Island bay, with blue skies and clouds
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    Ann Talbot via Getty Images
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    FDIC OKs Rhode Island bank’s wind-down plan

    Independence Bank was ordered to pay $3.5 million in restitution after the lender allegedly charged illegal fees for Small Business Administration 7(a) loans, causing the agency to lose roughly $8.8 million.

    By March 5, 2025
  • Woman stands under TD Bank sign.
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    Drew Angerer via Getty Images
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    TD’s US CEO sees pay cut but gets $2M award

    Vesting of the award to Leo Salom “is subject to meeting [anti-money laundering] remediation conditions and milestones,” the bank's compensation committee wrote.

    By March 5, 2025
  • A Wells Fargo bank signage is seen on Broadway on December 20, 2022 in New York City.
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    Michael M. Santiago via Getty Images
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    Wells Fargo scraps net-zero target

    The bank is dropping its goal of achieving net-zero financed emissions across its portfolio by 2050, in addition to 2030 targets it set for sector-specific financed emissions.

    By Zoya Mirza • March 3, 2025
  • Sen. Elizabeth Warren (D-MA) speaks during a Senate Banking, Housing, and Urban Affairs committee hearing on January 11, 2024 in Washington, DC.
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    Kent Nishimura via Getty Images
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    CFPB ex-enforcement chief shares concerns at lawmaker forum

    Democratic senators, led by Elizabeth Warren, blasted DOGE’s infiltration of the agency, highlighting potential conflicts of interest and a drop in responses to consumer complaints.

    By Feb. 26, 2025