Reputational Risk |

photo credit FDIC headquarters, Washington, D.C. — photo by Tony Webster (2024), via Wikimedia Commons. Licensed under Creative Commons CC BY 2.0.

FDIC Moves to Limit Bank Examiner Warnings to ‘Material’ Risks, Targets Political ‘Debanking’

The Federal Deposit Insurance Corp. (FDIC) proposed tightening how bank examiners issue warnings and penalties, aiming to keep supervision focused on safety and soundness, according to report by Bloomberg.
photo credit “Opernturm Frankfurt” by Quartl, licensed under CC BY-SA 3.0 Germany. Via Wikimedia Commons

UBS to Pay Nearly $1 Billion for Alleged Role in French Tax Evasion

UBS Group AG will pay €835 million ($985.6 million) to resolve a yearslong case in France over allegations the Swiss bank helped wealthy clients evade taxes.
photo credit London MMB »1W7 CitiGroup Centre by mattbuck, licensed under [CC BY-SA 2.0-Share Alike Generic]. Source: Wikimedia Commons. Edited version used.

HK Regulator Bans Ex-Citi Asia Equities Head for Poor Compliance

Hong Kong has banned Richard Charles Heyes, Citigroup’s former head of pan-Asia equities, from re-entering the financial industry for five years after finding him liable for regulatory breaches.