On July 27, 2023, US federal banking regulators issued proposals to (i) significantly revise the risk-based regulatory capital requirements for certain midsize and larger US banking organizations.
Crown Subaru is shifting its Chattanooga dealership from downtown to a high-profile Interstate 75 location, where it will grow its footprint as it plans to gear up sales.
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Risk.net
The biggest op risks for the year ahead, as chosen by senior industry practitioners
Welcome to
Risk.net’s annual ranking of the top op risks for 2021, based on a survey of operational risk practitioners across the globe and in-depth interviews with respondents.
As in years past, there is no great secret to the methodology:
Risk.net’s editorial team gets in touch with 100 chief risk officers, heads of operational risk and senior practitioners at financial services firms, including banks, insurers, asset managers and infrastructure providers, and asks them to list their five most pressing op risk concerns for the year ahead. The results are then weighted and aggregated, and are presented in brief below and analysed in depth in 10 accompanying articles.
The Crown Automotive Group, one of the top 100 privately-held dealership groups in the United States, has acquired Kelly Subaru in Chattanooga, Tenn.
Terms of the acquisition weren’t disclosed.
The acquisition in the greater Chattanooga market extends St. Pete-based Crown’s footprint in the region, according to a statement, adding to a pair of Chrysler dealerships it operates there. The Subaru corporate office also approved Crown to operate in the Chattanooga area, as well as parts of Georgia and Alabama, the release states. Crown will operate with its current team including General Manager Steve Marlin and Fixed Operations Manager Desmond Hagan.