In a move to increase the attractiveness of its Real-Time Payment network, The Clearing House is raising the transactional limit for single payments to $100,000 starting Feb. 1.
The Vermont senator lashed out at the JPMorgan Chase chief on Twitter after Dimon criticized socialism in an op-ed published earlier this week in Time magazine.
Former CEO John Stumpf agreed to pay a $17.5 million penalty while ex-community banking chief Carrie Tolstedt faces a potentially $25 million fine for sales-practices misconduct. Other former officials could face fines totaling $16 million.
It might sound like a risky strategy at a time when millions of Americans are drowning in debt, but that's exactly what big banks have been doing lately.
Wells Fargo's main regulator is preparing civil charges against former managers related to their roles in its retail banking scandals, people familiar with the matter said.
A former credit union CEO explains why it chose to become a bank, subject to taxes, and says Congress needs to intervene in discussions on an NCUA proposal to loosen capital standards.
