January 13, 2021
Risk Management and Insurance
More leading financial firms and trade groups have put political donations on hold following the riots at the US Capitol. Morgan Stanley, American Express and Commerce Bank are among the latest to pull back on political funding, while Deutsche Bank and Signature Bank are reportedly cutting ties with President Donald Trump and his companies going forward.
Full Story: The Hill (1/11),  The New York Times (1/12),  Financial Times (subscription required) (1/11) 
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Major banks could see taxes rise a combined $11 billion if President-elect Joe Biden follows through on a campaign pledge regarding corporate tax rates.
Full Story: Bloomberg (1/8) 
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Because cybersecurity involves making "big, intentional decisions," molding an operations center involves "more than dropping a bag of shiny new tools and technology and then hoping for the best," writes security researcher Koen Van Impe. Van Impe examines cyberethics with this caveat: "You'll often have to deal with dilemmas for which there is no clear answer."
Full Story: Security Intelligence (1/8) 
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Government Regulation
Sen. Sherrod Brown, D-Ohio, is likely to take over the Senate Banking Committee and is promising tougher scrutiny of banks. "We're under no illusion, we have our work cut out for us," said Richard Hunt, president and CEO of the Consumer Bankers Association.
Full Story: Politico Pro (subscription required) (1/11) 
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Citizens Financial Group is offering its point-of-sale lending software, now called Citizens Pay, to merchants and even manufactures to provide their customers new financing options. Citizens Pay offers customers a virtual line of credit for purchases, which can be used again without the need to reapply.
Full Story: American Banker online (subscription required) (1/11) 
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Even if you're on the right track, you'll get run over if you just sit there.
Will Rogers,
actor, performer, humorist, columnist
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