Bankruptcy Blogs

Ten years after faulty mortgages upended the global financial system, Wells Fargo agreed to pay $2.09 billion to settle a U.S. probe into its creation and sale of loans that contributed to the disaster.

Seven credit unions have asked Michigan's banking regulator for permission to launch a trust company, a move that bankers says oversteps that industry's role of helping people of "modest means."

Catch up on a deluge of sexual harassment disclosures from banks and regulators. Brace yourself — it gets ugly, with rape and strangulation among the lowlights. Then marvel at how one fintech CEO who fell early in the #MeToo era engineered a fast comeback. Plus valuable insight on anger.

Despite some regulatory gains under the last administration, the deregulation underway by Trump officials threatens to endanger the financial system all over again.

Treasury, OCC want to make it easier to compete with banks; the two banks will sell notes and other products through a broker network.