Blockchain

Wells settles investor lawsuit; Tarullo the transition?

05/07/18

Bank agrees to pay $480 million to investors related to the phony accounts scandal; Daniel Tarullo’s Fed departure called a turning point on oversight.

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Gender discrimination class action at Goldman, and its bitcoin trading foray

05/04/18

One woman's legal battle of more than a decade could develop into one of the biggest gender discrimination lawsuits to hit Wall Street. Bank of America faces a complaint after its sexual harassment ouster, and loses another top female executive. Plus, lots of tech initiatives.

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SoFi's former CEO harnesses the blockchain for home loan startup

04/30/18

Mike Cagney, who built SoFi into America's biggest student loan refinancer before quitting amid allegations of sexual harassment at the fintech firm, is preparing for his second act: a startup offering home-equity loans.

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Mulvaney's BCFP, Zelle's bumpy ride, BB&T's glitch: Top stories of the week

04/27/18

In addition to changing the name of the Consumer Financial Protection Bureau, the acting director wants to also nix public complaints; the good, bad and ugly in Zelle's ascendance; a case study for digital outage recovery; and more from this week's most-read stories.

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Spinoff rumors or not, JPM's blockchain unit is evolving

04/23/18

JPMorgan Chase is sending signals that its homegrown blockchain, Quorum, is alive and well despite a recent shake-up.

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Citi rethinks tech branches and Santander’s blockchain first

04/20/18

Citibank finds people need people (at least in a branch). Santander launches a new consumer app, which makes money transfers using blockchain technology. JPMorgan Chase can be an intimidating partner for fintech startups. Plus, Elizabeth Warren’s new mission.

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New York AG launches crypto inquiry

04/17/18

New York Attorney General Eric Schneiderman asked 13 cryptocurrency exchanges for detailed information about their operations as part of a "fact-finding inquiry."

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Quarles wants bank input on stress tests; Banks lending again

04/17/18

Fed vice chair wants to put stress test scenarios out for comment by banks; C&Is outstanding at record level in March.

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JPMorgan’s blockchain leader switch and other women in tech

04/13/18

Amber Baldet is exiting JPMorgan Chase to start her own venture, and another female executive is taking charge of the blockchain effort. BofA makes major progress on digital mortgages and gets gun-shy after Parkland. Plus, GM’s one-sentence dress code.

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Mulvaney backs group-run CFPB; another capital relief plan

04/12/18

Acting director wants agency run by a bipartisan body, not a lone director; Fed and OCC push for relaxing the supplementary leverage ratio at the biggest banks.

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