Risk management
- Banking
JPMorgan, Citigroup to keep dividends flat as other banks raise payouts
JPMorgan Chase and Citigroup intend to keep their dividends unchanged next quarter, splitting with several other large banks that are…
Read More » - Banking
Banks would be wise to pivot now from a position of strength
The banking system for the past decade has sidestepped the sorts of crippling crises that used to be commonplace. In…
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Auto loan delinquencies tick up as inflation hits nonprime borrowers
After two years of largely staying on track with their auto loans, borrowers are starting to miss payments again. The…
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BMO hires Citi’s Agrawal as risk chief as Cronin steps down
Bank of Montreal hired Piyush Agrawal from Citigroup as chief risk officer to succeed Patrick Cronin, who’s stepping down later…
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Citigroup’s fat-finger trade seen costing bank more than $50 million
Citigroup may record losses of at least $50 million following a London staffer’s fat-finger trade that caused a flash crash…
Read More » - Market
Financial-Planning Strategies To Manage Risk In Concentrated Stock Positions
The investment adage “don’t keep all your eggs in one basket” is sometimes easier said than done … [+] with…
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IMF official urges against abandoning crypto after Terra’s crash
People shouldn’t completely shun the crypto world after the recent collapse of a popular stablecoin, an official at the International…
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Talent gap poses challenge as banks seek to validate their models
A decade after regulators began requiring banks to validate the effectiveness of their financial models, a talent shortfall is hampering…
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Goldman offers its first bitcoin-backed loan in crypto push
Goldman Sachs Group offered its first ever lending facility backed by bitcoin, in a significant step for a major U.S.…
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JPMorgan builds its reserves, warns of ‘storm clouds’
Loan growth at JPMorgan Chase is moving in the right direction, and credit quality remains uncharacteristically strong, but there are…
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Six big banks team up to aid aviation industry’s climate transition
Citigroup and Bank of America are teaming up with four large European banks and a clean-energy nonprofit in an effort…
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Fed watching red-hot housing market for financial stability risks
It’s beginning to look a lot like 2007 in the U.S. housing market, and the Federal Reserve Board has taken…
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Tech helps banks navigate cannabis’ regulatory potholes
Cannabis businesses are an underserved and potentially lucrative niche for banks. But banking pot-related companies comes with regulatory risks and…
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New York’s top bank regulator pledges focus on ‘kitchen table issues’
Adrienne Harris, the recently confirmed head of the New York State Department of Financial Services, says she’s focusing the agency’s…
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Coinbase, Circle to move all USDC reserves into cash, Treasuries
A consortium including Coinbase Global said all the reserves of the second-largest cryptocurrency stablecoin will shift into cash and short-term…
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