Hannah Levitt,Katanga

Hannah Levitt is a journalist who covers the financial industry with a focus on banking regulation and monetary policy. She has reported on the operational risks faced by large U.S. banks and the efforts of regulators like the Office of the Comptroller of the Currency to address these risks in light of recent bank failures. Katanga is not relevant to this author's profile.

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The Daily's Verdict

This author is known for its high journalistic standards. The author strives to maintain neutrality and transparency in its reporting, and avoids conflicts of interest. The author has a reputation for accuracy and rarely gets contradicted on major discrepancies in its reporting.

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Conflicts of Interest

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Deceptions

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Recent Articles

Eleven Major US Banks Identified with Inadequate Operational Risk Management by OCC: Cyber Attacks, Employee Errors, and Natural Disasters among Concerns

Eleven Major US Banks Identified with Inadequate Operational Risk Management by OCC: Cyber Attacks, Employee Errors, and Natural Disasters among Concerns

Broke On: Sunday, 21 July 2024 Eleven major US banks, as per the Office of the Comptroller of the Currency (OCC), have been identified with insufficient or weak management of operational risk. Operational risk includes cyber attacks, employee errors, legal troubles, natural disasters and technology issues. The OCC's downgrading of these banks' CAMELS rating can lead to increased deposit insurance premiums, audits and restrictions on activities.