IMF calls Mythos a systemic risk

Three senior officials say attackers will eventually breach bank defenses, and supervisors should plan for it — while U.S. regulators stay nearly silent.

Fed flags overheated markets as top stability risk

The Federal Reserve’s April financial stability report found that asset valuations remain elevated, even as investors are beginning to demand more compensation for risk amid rising uncertainty around monetary policy.

Goldman taps Feldgoise, Schiffrin; Fidelity to cut 800 staffers

Stephan Feldgoise and Joshua Schiffrin will join Goldman Sachs’ management committee; Fidelity Investments is dismissing about 800 personnel as it restructures its technology and product-delivery teams; Citi has hired JPMorgan’s André Ross as its country officer and banking head for South Africa; and more in this week’s banking news roundup.