Financial institutions news from around the web: May 1 – 5, 2023

Navigating economic uncertainty: New guidance for credit risk management 

Amid persistent complexity, bank leadership teams need to urgently revisit their approaches to credit risk management. 

Calls to move away from the U.S. dollar are growing – but the greenback is still king 

More and more countries — from Brazil to Southeast Asian nations — are calling for trade to be carried out in other currencies besides the U.S. dollar. 

Supreme Court takes yet another case that could limit agency powers 

2024 could be one of the most consequential for credit unions in years depending on the actions of the Supreme Court. 

Wells Fargo unionization proposal falters 

Wells Fargo shareholders voted against the creation of a policy that would have formally outlined framework supportive of worker unionization. The measure, which garnered 36% shareholder support, was deemed “unnecessary and not in the best interests of our employees or shareholders.”