US banks rush to sell bonds after Q2 earnings reports

US banks rush to sell bonds after Q2 earnings reports | Experts call for climate-risk scenario consolidation | Top regulators meeting to examine stablecoin risk Created for {EMAIL} | [Web Version]( July 21, 2021 [SIGN UP]( ⋅ [SHARE]( [] Risk Management and Insurance [] [US banks rush to sell bonds after Q2 earnings reports]( The latest US bank earnings reports have shown high volumes of deposits at all institutions, with the increased balance sheets viewed as a catalyst for Goldman Sachs, Morgan Stanley and Bank of America to take on more debt through large-scale bond sales. It is thought that JPMorgan Chase and Citigroup may soon follow suit. Full Story: [Bloomberg]( (7/15) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] - [Experts call for climate-risk scenario consolidation]( Risk (subscription required) (7/15) [] Cybersecurity [] [Top regulators meeting to examine stablecoin risk]( Treasury Secretary Janet Yellen has called a meeting of the President's Working Group on Financial Markets, which comprises Yellen and leaders of the Federal Reserve, the Securities and Exchange Commission and the Commodity Futures Trading Commission, to discuss potential benefits and risks of stablecoins. The meeting has been welcomed by issuers of stablecoins that want clear regulatory standards. Full Story: [BNN Bloomberg (Canada)]( (7/16), [The Wall Street Journal]( (7/17) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] - [Report: Cybersecurity challenges increased exponentially due to remote work]( Banking Dive (7/19) [] Government Regulation [] [Powell stands firm on inflation management policy]( Federal Reserve Chair Jerome Powell was subjected to a barrage of questioning from the Senate Banking Committee on the onset of inflation but insisted the Fed will not make any abrupt policy decision or change course in response to it. He did acknowledge that inflation is rising faster than anticipated but reiterated his opinion that it will prove transitory, stating: "We won't have to wait a tremendously long time, I don't think, to know whether our basic understanding of this is right." Full Story: [The Wall Street Journal]( (7/15), [Financial Times (subscription required)]( (7/14), [Bloomberg]( (7/15) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] - [Hsu could have a lengthy tenure as acting comptroller]( Law360 (7/15) [] Innovation [] [Pandemic drives demand for interactive teller machines]( The coronavirus pandemic has fueled higher demand for interactive teller machines. More banks are adding ITMs to their lobbies and the market for the technology is predicted to grow 12% a year through 2026. Full Story: [The Financial Brand]( (7/19) [LinkedIn]( [Twitter]( [Facebook]( [Email]( [] - [Capital One to add 3K technologists for move to cloud]( The Wall Street Journal (7/19) [] News from Aon [] [Here's what organizations that thrived during the pandemic have in common]( In an evolving crisis, companies that made decisions quickly and communicated directly [set themselves up for success](. 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