News Topic: Brexit

Solomon says he expects 2020 presidential aspirants to target banks; corporate human resources’ predictable revenue attracting investment banks’ attention. ... Read full article

Federal Reserve Chairman Jerome Powell said a messy breakup between the United Kingdom and European Union could pose risks to the economy and financial system. ... Read full article

Rep. Patrick McHenry, R-N.C., the ranking member of the House Financial Services Committee, urged Chairwoman Maxine Waters, D-Calif., to prioritize certain "critical areas" in the new Congress. ... Read full article

CFPB to scrap key underwriting portion of payday rule; Fiserv-First Data — why small banks fear big fintech; banks, credit unions help federal workers hurt by shutdown; and more from this week's most-read stories. ... Read full article

JPMorgan Chase Chief Executive Jamie Dimon said he thinks a hard Brexit is unlikely but would be a "disaster" if it happened. ... Read full article

A no-deal Brexit could throw the international swaps market into disarray in a way that could be difficult to predict, and could have dire consequences for U.S. banks and the world economy. ... Read full article

4.5% rates could trigger more homebuying and refinances; Sherborne Investors wants a seat on the bank’s board so it can facilitate change. ... Read full article

The industry has largely avoided added federal oversight after the Equifax hack; the product has created a “financial albatross” as consumers game the system. ... Read full article

The NYSE contract will pay out in cryptocurrency; 10 Estonians who worked at the Danish bank were detained, and prosecutors promise more arrests. ... Read full article

The bank’s efforts to show its ethical side may be “undone” by Malaysian scandal; airlines co-branded cards helping profits … for now. ... Read full article

A CFPB report says the bank is the most expensive bank for college students; lenders would be banned from mailing high-interest loans disguised as checks. ... Read full article

This may be “the first wave” of managers being held accountable for the phony accounts scandal; high prices discouraging cross-border acquisitions. ... Read full article

Three former CFPB officials seek more enforcement against lenders; Federal Reserve interest rates hikes have boosted bank profits. ... Read full article

Atlanta Fed chief says consumers don't know the risks of using nonbank payments providers, like Apple Pay; equity derivatives desks will reap rewards of volatility. ... Read full article

Laplanche agrees to a three-year securities industry ban and a small fine to settle SEC fraud charges on loan sales; analysts are expecting a "tepid" quarter as some trading activity suffers. ... Read full article

John Gerspach is scheduled to leave next March after 10 years and be succeeded by Mark Mason; ING will pay nearly $900 million for failing to stop money laundering by clients. ... Read full article

The 100 dismissals in asset management follow job cuts in other divisions; the agency cites the lack of protections against fraud and market manipulation. ... Read full article

Anand Selva, a long-time Asia hand, will head up U.S. consumer banking; several startups are backed by traditional card issuer veterans. ... Read full article