banking

M&T's Wilmington Trust to pay $44M to settle allegations of loan fraud

10/11/17

Wilmington Trust and some of its executives had been accused of intentionally understating past-due loans in 2009 and 2010.

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Lawmakers won't let Wells forget account scandal

06/21/17

For Democrats, the scandal is a prominent symbol of big-bank misbehavior, while Republicans want to use it to show the shortcomings of the CFPB.

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FHFA raising concerns about Home Loan Bank funding, advances

05/25/17

FHFA Director Mel Watt sketched a regulatory vision that included greater scrutiny of funding mechanisms and large exposures to single borrowers.

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How Denmark's banks, merchants set aside differences in mobile payments

05/08/17

The Bokis wallet's new app is scheduled for broad release this summer. It's a rare success for collaborative wallets, as others have failed, such as the U.S.'s Softcard and CurrentC, the U.K.’s Weve, Canada’s suretap and Singapore’s SmartWallet.

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How Denmark's banks, merchants set aside differences in mobile payments

05/08/17

The Bokis wallet's new app is scheduled for broad release this summer. It's a rare success for collaborative wallets, as others have failed, such as the U.S.'s Softcard and CurrentC, the U.K.’s Weve, Canada’s suretap and Singapore’s SmartWallet.

[more]

Who’s fighting for advisers and clients in financial data debate?

04/05/17

Access to banking information ensures advisers can perform holistic planning, fintech firms say.

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Accenture buying First Annapolis to boost payments expertise

03/23/17

Accenture has agreed to acquire First Annapolis Consulting in an effort to add payments expertise in several international markets.

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Iberiabank to buy Sabadell United in Miami

02/28/17

The $1 billion deal, the second-largest bank acquisition announced this year, will expand Iberiabank's operations in South Florida.

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Warren Buffett sharpens criticism of ex-Wells CEO Stumpf

02/28/17

Billionaire investor Warren Buffett said Wells Fargo made "a huge mistake" in the way it handled the phony-accounts scandal, and he laid the blame more forcefully than ever on former Wells CEO John Stumpf.

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Rally in U.S. bank stocks flummoxes Canadian acquirers

02/24/17

CIBC’s CEO vows to stay “disciplined” in his bid to buy PrivateBancorp, even as some of the Chicago bank’s investors say the deal is insufficient. The head of RBC, meanwhile, said it will pursue organic growth instead of acquisitions, at least for a while.

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