AML

HSBC escapes prosecution as U.S. ends 5-year deferred deal

12/11/17

The move signals that the Justice Department is satisfied with the bank’s upgrades to its compliance systems after it was ensnared in a money-laundering scandal in Mexico.

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M&T finally seems ready for another bank acquisition

12/01/17

Five years have passed since M&T agreed to buy Hudson City, only to be tripped up by anti-money-laundering issues. With a clean bill of health from regulators and Hudson integrated, management is again talking about its interest in deals.

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Consistent Performer: How Dominic Ng built East West into a powerhouse

11/28/17

For remaking East West Bank from a small savings institution into a $36.3 billion-asset player with a seat on the front lines of U.S.-China relations – all while churning out record earnings year after year – American Banker is recognizing Ng for being a "Consistent Performer" as part of our 2017 Banker of the Year awards.

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Pot is legal in Canada, and that poses dilemma for U.S. banks

11/20/17

A U.S. alcohol maker's $191 million investment in Canadian cannabis could raise difficult questions for the banks that have lent big sums of money to the company.

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Warren, Van Hollen probe Bank of Tokyo's switch to national bank

11/20/17

Sens. Elizabeth Warren, D-Mass., and Chris Van Hollen, D-Md., sent a letter to OCC officials suggesting that Bank of Tokyo was trying to avoid an investigation by New York examiners when it switched to a federal charter.

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Lack of regulatory clarity holding back blockchain

11/17/17

The federal banking regulators should create a working group that, rather than propose new rules and regulations, would clarify the application of existing rules to blockchain technology.

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Cordray resigns; OCC becoming banks' best friend?

11/16/17

CFPB director’s departure gives President Trump the chance to revamp the agency; the bank regulator is reverting to its industry-friendly ways.

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Quarles’ regulatory vision; Shakeup at State Street

11/08/17

The Fed’s new chief bank regulator wants to change “the tenor of supervision”; Ron O’Hanley, who was named president this week, will also take over as CEO by the end of 2018.

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Banks would win big with tax reform; Online lenders thrive

11/03/17

The proposed 20% corporate tax rate would benefit banks more than other industries; online lenders made nearly a third of new personal loans in the first half.

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Giving banks more comfort with potential fintech partners

11/01/17

As more startups turn to ICOs to raise capital, financial institutions will seek reassurance that their blockchain and other fintech partners are aboveboard.

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