US regulator finds weak risk-management at many banks: Bloomberg

WASHINGTON, D.C.: Confidential assessments by a top U.S. bank regulator have revealed that 11 of the 22 large banks under its supervision exhibit "insufficient" or "weak" management of various risks, ranging from cyberattacks to employee errors, Bloomberg News reported on Sunday.

According to the report, approximately one-third of these banks received ratings of 3 or below on a 5-point scale for their overall ri