Talented Blacks and other people of color are everywhere if Wells Fargo CEO Charles Scharf and his staff are willing to look for us. And finding us is very important for cognizant diversity in his organization. Read More … [Read more...] about CEO Charles Scharf, Here’s Where Talented Blacks And Other People Of Color Are
Opinion
Most U.S. States Cannot Afford To Pay Their Bills
Thirty-nine states do not have enough money to pay their bills, and unfortunately, their situation will only worsen. Accounting watchdog, Truth In Accounting (TIA), found that total states’ level of debt in fiscal 2019 was $1.4 trillion. Read More … [Read more...] about Most U.S. States Cannot Afford To Pay Their Bills
FinCEN Files Scandal Is Unlikely To Change Anti-Money Laundering Rules Anytime Soon
An impressive investigation by BuzzFeed and the International Consortium of Investigative Journalists (ICIJ) revealed what has been clear to many of us in the banking regulatory world. Existing regulations and bank compliance processes are insufficient. And unfortunately, new regulations to strengthen anti-money laundering are unlikely to be forthcoming any time soon. Read More … [Read more...] about FinCEN Files Scandal Is Unlikely To Change Anti-Money Laundering Rules Anytime Soon
Rising Sea Levels Pose Increasing Credit Risks For Many U.S. Coastal States And Investors In Their Bonds
As if COVID-19 had not affected states’ and municipalities’ finances adversely enough, numerous states and municipalities and investors in their bonds, also need to worry about the economic impact of rising sea levels. According to a Moody’s Investors Services report released yesterday afternoon, “More frequent and severe flooding from high tides and storm surges from major weather events threaten coastal economies, property values and critical infrastructure.” Read more … [Read more...] about Rising Sea Levels Pose Increasing Credit Risks For Many U.S. Coastal States And Investors In Their Bonds
Credit Analysis Frameworks Should Be Changed To Incorporate COVID-19 Uncertainties And Risks
The severity and uncertainty surrounding COVID-19 globally should compel any credit professional to change existing corporate credit risk management frameworks. That is lenders, have to develop corporate credit frameworks that include an analysis of other risks that impact companies’ profitability and liquidity, especially operational risk. Read More … [Read more...] about Credit Analysis Frameworks Should Be Changed To Incorporate COVID-19 Uncertainties And Risks