Bank M&A delays; judge recommends civil penalties for ex-Wells Fargo execs
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
'I just don't think they'll ever get approved': PNC's Demchak on M&A delays: William Demchak, Pittsburgh-based PNC 's CEO, is leery of acquiring banks amid elevated regulatory scrutiny. KeyBank Chief Executive Chris Gorman has similar concerns, citing economic uncertainty in addition to the long waits for approval.
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Here's more of what we're covering today:
Judge's report hammers three ex-Wells Fargo executives: An administrative law judge has recommended that a trio of onetime 富国银行 executives be ordered to pay a combined $18.5 million in connection with the bank's fake-accounts scandal.
More about the OCC: OCC's Hsu says 'now is not the time to be complacent' on risk management: The acting Office of the Comptroller of the Currency said new CECL standards will help banks weather current economic uncertainty. He also touted the benefits of diversity in risk management.
The need for nonbank regulation is a consensus issue for the Fed: In speeches last week, Federal Reserve Board Vice Chair for Supervision Michael Barr and Fed Gov. Michelle Bowman both discussed the need to address nonbank risk to financial stability.
U.K. fintech Curve, flush with cash, takes aim at U.S. expansion: A $1 billion investment from 瑞信 gives startup Curve the means to bring its all-in-one payment card to a new market.
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