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Wells Fargo CEO To Appear Before Congress

PYMNTS

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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Eximchain Addresses Supplier Risk With YOOSourcing

PYMNTS

Blockchain supply chain management company Eximchain is collaborating with YOOSourcing to enhance supplier risk management. The private testnet aims to enhance privacy and security for end users built on Quorum. “We

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Wells Fargo CEO Bullish On The Future

PYMNTS

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.

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OCC outlines risk plan as Northeastern loan growth doubles

Abrigo

• 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.

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The Current Banking Crisis – 10 Not So Apparent Lessons

South State Correspondent

While we wrote about the root cause of the failure of Silicon Valley Bank (SVB) HERE , the lessons of the current banking crisis go beyond interest rate risk management. While interest rate risk caused the most significant impact on value, several other factors contributed to the terminality of each bank that was closed.

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State Regulation, Conference of State Bank Supervisors, Financial Services, FinTech, Charles Clark, Washington State Department of Financial Institutions, License, Regulation, Bank of Indonesia, FinTech, Bitcoin, Cryptocurrency, News

PYMNTS

Through the Conference of State Bank Supervisors, Georgia, Illinois, Kansas, Massachusetts, Texas, Tennessee and Washington are looking to standardize the ways firms across traditional financial services and FinTech upstarts apply for, and are granted, licenses. Can the states make licensing – of the money movement kind – any easier?

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Equifax reaches deal with 8 states on steps to avoid future breaches

Payments Source

Under a consent order with Texas and seven other states, the Atlanta-based credit reporting firm agreed to shore up its information security efforts, but it will not have to pay any financial penalties.

Atlanta 63