Abrigo
OCTOBER 29, 2014
• Board risk parameters, adequacy of staffing, succession planning and audit. Asset and Liability Management: Asset and liability risk management was deemed a concern as continued low interest rates and pressure on traditional earnings sources cause many banks to increase long-term asset holdings. The OCC on Oct.
PYMNTS
SEPTEMBER 22, 2017
Back in June, the Massachusetts Senator said in a letter to Federal Reserve Chairwoman Janet Yellen that the Fed should remove the dozen executives sitting on the board of the beleaguered bank. In the letter, Warren said the scandal shed light on “severe problems” with Wells’ risk management.
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PYMNTS
OCTOBER 19, 2017
Back in June, the Massachusetts Senator said, in a letter to Federal Reserve Chairwoman Janet Yellen, that the Fed should remove the 12 executives sitting on the board of the beleaguered bank. In the letter, Warren noted the scandal shed light on “severe problems” with Wells’ risk management.
PYMNTS
APRIL 26, 2018
Blockchain supply chain management company Eximchain is collaborating with YOOSourcing to enhance supplier risk management. Last month, the company, developed in the Massachusetts Institute of Technology’s media lab, announced $20 million in funding from China’s FBG Capital, INBlockchain and Kenetic Capital.
ABA Community Banking
SEPTEMBER 29, 2021
On the latest episode the ABA Banking Journal Podcast, Berkshire Bank President and CEO Nitin Mhatre discusss Berkshire Bank's "BEST Community Comeback," a new $5 billion ESG-focused initiative at the Massachusetts-based midsize community bank.
Abrigo
AUGUST 19, 2019
The Massachusetts mutual bank has until 2023 to comply with CECL, considered the biggest change to bank accounting in the industry’s history, after FASB recently agreed to extend the deadline for smaller public and all privately held financial institutions.
American Banker
JANUARY 22, 2020
The Massachusetts senator and presidential contender sent a letter to eight of the biggest U.S. banks asking about how they assess climate-related risks to assets and how they plan to mitigate social and economic fallout.
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