Banking’s Climate Conundrum

Harvard Corporate Governance

Around the world, financial regulators have begun implementing policies to address climate risks among banks, insurers, and other financial institutions. My paper, Banking’s Climate Conundrum , argues that the United States’ sluggishness in responding to climate-related financial risk is problematic because the U.S. banking system is uniquely susceptible to climate change. The international Basel III capital accord established new global capital standards for banks in 2010.

Deregulation and Board Policies: Evidence from Performance Measures Used in Bank CEO Turnover Decisions

Harvard Corporate Governance

The banking industry has undergone substantial changes since the late 1970s, largely due to deregulation and rapid market developments. Over that period, banks’ growth opportunities expanded, and banks entered new markets, both geographic and product. In particular, several studies attribute changes in the structure of CEO compensation and incentives to the effects of banking deregulation on market opportunities and competition (e.g.,

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Extending upmarket in US commercial banking

McKinsey Public & Social Sector Insights

Serving larger commercial clients is a significant growth opportunity for US midcap and regional banks—with the right strategy in place. Insights on Financial Services Banking North and Central America

Banking with empathy in an uncertain world

Avanade

Banks need to focus on how they can support the customer to save more and maximise investment, which has the potential to increase trust and loyalty. banking

Best of both worlds: Balancing digital and physical channels in retail banking

McKinsey

Banking distribution needs to account for the evolving interdependencies between channels. Insights on Financial Services Retail banking DigitalAccelerating digital and upgrading the physical experience to “phygital” offers a viable solution.

Twitter Subpoenas Musk’s Banks in Fight Over Acquisition.

NYT M&A

Twitter has sent out requests for information from the banks that are backing the billionaire’s purchase, which he is trying to walk away from. Musk, Elon Twitter Mergers, Acquisitions and Divestitures Banking and Financial Institutions Suits and Litigation (Civil) Social Media

Northern Florida Bank Acquired by DLP Bancshares

Business Wire M&A

BUSINESS WIRE)--DLP Bancshares today announced that it has acquired Community State Bank, a commercial bank with $225 million in assets headquartered in Starke, Florida, near Gainesville and Jacksonville. AUGUSTINE, Fla.--(BUSINESS

Davis and Arehart Speaking at 2022 Bank Board Training Forum

Auto Dealer Valuation Insights

Davis, CFA and Mary Grace Arehart, CFA are speaking at the upcoming 2022 Bank Board Training Forum sponsored by Bank Director in Nashville, Tennessee on September 12, 2022. Jeff K.

The Proposed SEC Climate Disclosure Rule: A Comment from Norges Bank Investment Management

Harvard Corporate Governance

Posted by Carine Smith Ihenacho, and Severine Neervoort, Norges Bank Investment Management, on Sunday, July 24, 2022 Editor's Note: Carine Smith Ihenacho is Chief Governance and Compliance Officer and Severine Neervoort is Senior Analyst, Corporate Governance at Norges Bank Investment Management. This post is based on a comment letter submitted to the SEC regarding the Proposed SEC Climate Disclosure Rule by Norges Bank Investment Management, authored by Ms.

Nexo Acquires Stake in US Bank

Business Wire M&A

LONDON--(BUSINESS WIRE) - $NEXO--Nexo boosts its US presence with a transformative acquisition of a stake in federally chartered Summit National Bank

Banking and sustainability: It’s all about data

Avanade

Learn about how technology can help banks hit their sustainability goals, especially around data integration, analytics and reporting. banking

Should US banks be moving to next-generation core banking platforms?

McKinsey

Banks today urgently need a new core platform, but building one is time-consuming, expensive, and uncertain. It may help to think strategically and pursue a two-track process. Insights on Financial Services Financial Services

Banking on cloud: Why mainframe migration is essential to Asian finance

Avanade

In Asia, the signs of the times are unmistakable – open banking is here to stay. How can traditional banks keep up and compete with fintechs and digital banks? banking

The Post-Internship Shuffle: How to Switch Banks, Groups, or Locations

Brian DeChesare

As investment banking internships wind down each year, interns everywhere wake up and mysteriously come up with a similar idea: “I want to switch banks for my full-time role! Unfortunately, switching banks, groups, or locations after your internship is much easier said than done.

The Front Office, Middle Office, and Back Office: How Banks Organize Their Dungeons

Brian DeChesare

Yes, if you’re working at a large bank, it’s generally best to be in a “front office” (client-facing) role. First, note that these terms apply only to investment banks and related finance firms (private equity firms, hedge funds, etc.). Investment Banking - On the Job

The Logic and Limits of the Federal Reserve Act

Harvard Corporate Governance

central bank, expanded dramatically. They are content with a largely reactive central bank that preserves the integrity of a sprawling private financial sector. system of money and banking. That system uses government chartered, investor-owned banks to issue most of the money supply. Posted by Lev Menand (Columbia University), on Friday, March 25, 2022 Editor's Note: Lev Menand is Associate Professor of Law at Columbia Law School.

Alerus Completes Acquisition of Metro Phoenix Bank

Business Wire M&A

OTCPink: MPHX), the bank holding company for Metro Phoenix Bank. GRAND FORKS, N.D. PHOENIX--(BUSINESS WIRE)--Alerus Financial Corporation (“Alerus”) (NASDAQ: ALRS) announced today it has completed the previously announced acquisition of MPB BHC, Inc.

Bank Single Gateway for efficient connectivity

Simply Treasury

Automated bank connectivity through a single secure channel has become essential to reduce costs, facilitate on-boarding by banks, secure transactions, speed up and automate reconciliations and reduce staff workload. True bank connectivity. Bank Single Gateway: how it works?

Bluevine Unveils Banking Solution for Accountants

Accounting Web

Accounting Software News Bluevine Unveils Banking Solution for Accountants

Lone Star Funds Pulls €674M Bank Of Cyprus Bid

Law 360 M&A

private equity firm Lone Star Funds on Tuesday said it will not make another bid for the Bank of Cyprus, the country's biggest bank, after it rejected three consecutive offers, including a €674 million ($648 million) bid

Executive Stock Options and Systemic Risk

Harvard Corporate Governance

Banks’ role in ?nancial The vast reach of banks’ activities was made apparent during the ?nancial nancial crisis of 2007-2009, which also highlighted the acute need for a better understanding of whether, how, and the extent to which banks contribute to systemic risk in the economy (i.e., Prior research into the sources of systemic risk largely focuses on the outcomes of banks’ risky activities (e.g., the composition of banks’ ?nancing

Bank of Idaho to Purchase Five Branches from HomeStreet Bank, Expand Service Into Eastern Washington

Business Wire M&A

IDAHO FALLS, Idaho & SEATTLE--(BUSINESS WIRE)--Bank of Idaho to Purchase Five Branches from HomeStreet Bank, Expand Service Into Eastern Washington

Rolling Back Dodd-Frank: Investors’ and Banks’ Responses to Financial Market Deregulation

Reynolds Holding

Dodd-Frank created a new financial regulatory landscape with intensified federal oversight and an extensive set of regulations on banks, such as stress tests and stricter capital, trading, loan, and mortgage underwriting standards (Acharya and Richardson, 2012; Richardson et al.,

How big banks are responding to sustainability: BBVA and ABN AMRO

Avanade

In this blog post, Peter Barrett writes about Avanade’s research with Efma, a global financial services trade association, on what he learnt from executives at two major banks, ABN AMRO and BBVA. banking

FCF Bank Monitor – Q1 2022 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Bank Monitor – Q1 2022”. FCF regularly engages in research on the banking sector based on available data from the most active and.

FCF Bank Monitor – Q1 2022 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Bank Monitor – Q1 2022”. FCF regularly engages in research on the banking sector based on available data from the most active and.

Barclays doubles stake in Australian investment bank Barrenjoey

Financial Times M&A

UK bank commits to lender that has emerged as an M&A leader

Perspectives on model risk management of cybersecurity solutions in banking

McKinsey Public & Social Sector Insights

The sooner banks start their journey and establish an effective approach to model risk management of cybersecurity solutions, the quicker they will be able to manage risk and establish controls.

Top 7 Methods of Banking Fraud Prevention 

Financial Analyst Insider

The post Top 7 Methods of Banking Fraud Prevention appeared first on Financial Analyst Insider. As the globe continues to evolve, so do the rate and frequency of our monetary transactions. And in an increasingly digital environment, it is more.

Banking on growth: Ensuring the future prosperity of Japan

McKinsey Public & Social Sector Insights

Following the launch of Japan’s national strategy to revitalize growth, Japanese banks have renewed opportunities to become engines of prosperity by playing various roles in support of growth.

FCF Bank Monitor – Q4 2021 published

Fox Corporate Finance

FCF Fox Corporate Finance GmbH is delighted to publish the new “FCF Bank Monitor – Q4 2021”. FCF regularly engages in research on the banking sector based on available data from the most active and.

Mobile Banking: Everything You Need to Know

Financial Analyst Insider

Mobile banking is carrying out a financial transaction using a mobile device. This can range from a bank sending a fraud alert to a user’s. The post Mobile Banking: Everything You Need to Know appeared first on Financial Analyst Insider.

Credit Suisse Mulls Splitting Investment Banking Unit, Outlines Plans

Benzinga

Credit Suisse Group AG (NYSE: CS ) weighs splitting its struggling investment bank business into three parts, which could involve thousands of job cuts as the Swiss bank reshapes its business.

Davis Polk Discusses Key Takeaways for Banks of Basel Climate Report

Reynolds Holding

The Basel Principles are part of the Basel Committee on Banking Supervision’s (the BCBS or the “Basel Committee”) work of assessing how the Basel framework can address climate-related financial risks, identifying potential gaps and possible measures to address any such gaps. To that end, the Basel Principles are divided into two main parts: guidance for banks on the effective management of climate-related financial risks and guidance for prudential supervisors. For banks.

Nomura co-head of investment banking foresees huge rise in ESG dealmaking

Financial Times M&A

The bank’s acquisition of M&A boutique Greentech is central to its growth and sustainability strategy

The Important Legacy of the Sarbanes Oxley Act

Harvard Corporate Governance

Accounting & Disclosure Banking & Financial Institutions Financial Regulation Practitioner Publications Securities Regulation Accounting Accounting standards Audits Banks Boards of Directors External auditors Financial regulation Internal auditors PCAOB Risk Sarbanes–Oxley Act Securities regulationPosted by Michael W. Peregrine (McDermott Will & Emery) and Charles W. Elson (University of Delaware), on Tuesday, August 30, 2022 Editor's Note: Michael W.

No Investment Banking Summer Internship Offers: What to Do

Brian DeChesare

A long time ago, it didn’t matter that much if you applied for summer internships at the large banks but failed to win a single offer. they didn’t win an offer – and most of these large banks are now done with recruiting. The “application open date” at most banks in the U.S.

Financing net zero: Banks and companies cooperating on decarbonization

McKinsey

At McKinsey’s Tomorrow Conference, three European executives discussed the capital requirements and banks’ efforts to help companies meet them. Getting to net-zero emissions can be complex and costly.

This Day In Market History: Chemical Bank Merges With Chase Manhattan

Benzinga

On March 31, 1996, Chemical Banking Corp. Chemical Bank EBAY JPM M&A this day in market history Education General EBAY US2786421030 JPM US46625H1005 M&A Education General BenzingaEach day, Benzinga takes a look back at a notable market-related moment that occurred on this date.

Debevoise & Plimpton Discusses SEC’s Proposed SPAC Rules and Investment Banks

Reynolds Holding

The new rules relating to special purpose acquisition companies proposed by the Securities and Exchange Commission on March 30, 2022, would, if adopted, have far-reaching effects on investment banks involved in business combination transactions involving SPACs. 1] In this update, we focus on how the proposed rules may impact investment banks involved in SPAC IPOs, de-SPAC transactions or financings for de?SPAC Impact of Proposed Rules on Investment Banks.

Investment Banking Information Sessions: A Way to Stand Out as a Human in a Virtual World, or a Complete Waste of Time?

Brian DeChesare

Some people like to complain about networking in general, but if there’s a specific part of networking that almost everyone likes to complain about, it’s investment banking information sessions. When Are Investment Banking Information Sessions Useful vs. Useless?

After a strong 2021, European private banking faces headwinds

McKinsey

Western Europe’s private banks posted near-record profits last year, thanks to a high-performing market, but operational improvements stalled. Insights on Financial Services Financial Services

The SEC and Messaging Apps

Harvard Corporate Governance

According to press reports, the Securities and Exchange Commission (the “Commission” or the “SEC”) is requiring Wall Street banks to undertake an unprecedented review of dozens of their top executives’ and traders’ personal cell phones to determine the frequency with which these platforms are used to conduct bank business. Posted by William J. Stellmach, Elizabeth P. Gray and Sean Sandoloski, Willkie Farr & Gallagher LLP, on Wednesday, June 15, 2022 Editor's Note: William J.