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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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Podcast: Inside a Community Bank’s ESG Strategy

ABA Community Banking

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.

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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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Eximchain Addresses Supplier Risk With YOOSourcing

PYMNTS

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.

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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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Warren presses big-bank CEOs on climate change policies

American Banker

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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Warren queries large banks on their coronavirus planning

American Banker

The Massachusetts senator and presidential candidate sent a letter to CEOs of five of the largest U.S. banks asking about their response to the outbreak.