All Banking articles – Page 18
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Blog
Equitable Bank appoints chief risk officer
Equitable Bank announced the appointment of Marlene Lenarduzzi as chief risk officer.
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Blog
East West Bancorp gets new chief risk officer
East West Bancorp, the parent company of East West Bank, announced the appointment of Irene Oh as executive vice president and chief risk officer.
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Blog
EBRD names new chief compliance officer
The European Bank for Reconstruction and Development appointed Jelena Madir as managing director, chief compliance officer.
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News BriefDiscover dodges fine in FDIC order over consumer compliance shortcomings
Discover Financial Services disclosed it avoided a monetary penalty in agreeing to a consent order with the Federal Deposit Insurance Corporation over alleged compliance shortcomings at its subsidiary bank.
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PremiumDeutsche Bank unit ESG fine less about greenwashing, more about disclosures
The $19 million fine against DWS Investment Management Americas levied by the SEC wasn’t to punish greenwashing, experts said, but rather a penalty imposed for the firm not doing what it claimed related to its environmental, social, and governance investment strategy.
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News BriefShinhan Bank America fined $25M for repeat AML compliance failures
The American branch of South Korea-based Shinhan Bank agreed to pay $25 million across settlements with three separate regulators for admitted violations of the Bank Secrecy Act and anti-money laundering requirements.
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Blog
CNB Bank promotes VP of compliance to chief risk officer
CNB Bank announced the promotion of Katie Andersen to senior vice president, chief risk officer.
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Blog
Comerica names chief compliance officer
Comerica Bank announced the appointment of Kristina Janssens as senior vice president, chief compliance officer.
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Blog
Regions Financial names chief risk officer
Regions Financial Corp., parent company of Regions Bank, announced the appointment of Russell Zusi as chief risk officer.
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News BriefJPMorgan to pay $75M in latest Epstein-related settlement
JPMorgan Chase agreed to pay $75 million as part of a settlement with the government of the U.S. Virgin Islands regarding the bank’s ties to convicted sex offender Jeffrey Epstein.
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News BriefDeutsche Bank unit fined $25M in ESG, AML settlements
DWS Investment Management Americas agreed to pay $25 million in penalties across separate settlements with the Securities and Exchange Commission addressing alleged misstatements in environmental, social, and governance investments and anti-money laundering violations.
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News BriefEmigrant Bank to pay $32K in Iran sanctions case
New York-based Emigrant Bank agreed to pay nearly $32,000 as part of a settlement with the Office of Foreign Assets Control addressing apparent sanctions violations regarding an account it maintained for a pair of Iranian residents.
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PremiumBank privacy processes questioned after U.K. ‘debanking’ scandal
The furor over NatWest Group’s decision to monitor and close the account of right-wing Brexit campaigner Nigel Farage—and then disclose the details to a journalist—has raised questions regarding whether other banks employ the same means to get rid of undesirable customers.
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Blog
OceanFirst Financial names chief risk officer
OceanFirst Financial Corp. announced the appointment of David Berninger as executive vice president and chief risk officer.
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News BriefEx-Wells Fargo exec dodges prison for fake accounts role
Carrie Tolstedt, the former head of Wells Fargo’s community bank who pleaded guilty to obstructing justice regarding her role in the bank’s infamous fake accounts scandal, will not serve prison time.
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News BriefFinCEN fines P.R.-based Bancredito $15M in landmark AML action
Puerto Rico-based Bancrédito International Bank and Trust Corporation was assessed a $15 million penalty by the Financial Crimes Enforcement Network for admitted violations of the Bank Secrecy Act regarding suspicious activity monitoring and anti-money laundering compliance.
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Blog
Regions Bank promotes corporate banking head to CCO
Regions Bank announced the promotion of Head of Corporate Banking Strategy and Administration Anna Brackin to chief compliance officer.
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Blog
German American Bancorp names chief legal officer
German American Bancorp announced the appointment of Bradley Arnett as senior vice president, chief legal officer, and corporate secretary.
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OpinionFallout from ‘debanking’ scandal suggests more U.K. bank reforms coming
The former CEO of NatWest’s decision to leak client details to the press regarding Nigel Farage is likely to cost the financial industry millions in new compliance checks as U.K. regulators prepare reviews into how banks treat people with extreme political views.
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News BriefFinCEN analysis: Trends in Russia export control evasion attempts
Analysis of suspicious activity reports by the Financial Crimes Enforcement Network indicates nearly $1 billion in suspicious activity in cases of suspected evasion of Russia-related export controls.