Correspondent banking

Banxico to finance banks that can’t dispose of dollars in U.S.

02/08/21

Mexico’s central bank is set to announce Monday that it will lend money to local banks that can’t find U.S. financial institutions to take their stashes of bulk cash in dollars, according to a draft of a statement seen by Bloomberg News.

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Why this bankers' bank is throwing in the towel

12/17/18

In a rare move, Maryland Financial is voluntarily liquidating after its customer base shrank and efforts to sell itself failed.

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Are more banks tangled up in Danske money-laundering scandal?

11/29/18

Danish lawmakers say that the probe currently focused on Danske Bank should be expanded to include more firms.

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Cost of doing business with sanctioned nations; Quarles may go global

11/20/18

Société Générale pays more than $1 billion for working with Cuba and others; Fed vice chair in line for global regulator chief role.

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Deutsche Bank is said to be drawn deeper into Danske scandal

11/19/18

The German lender was a correspondent bank for the Tallinn, Estonia, branch of Danske Bank that is the focus of multiple international investigations.

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BofA, JPMorgan, Deutsche Bank said to be drawn into Danske probe

11/16/18

The Justice Department is seeking information about potential transactions the banks may have handled for a small Danske branch in Estonia that’s at the center of one of the biggest money-laundering investigations in history, according to two people familiar with the matter.

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BBVA Compass forms partnership to expand its correspondent banking

08/16/18

BBVA Compass said on Wednesday that it was partnering with the broker-dealer Brean Capital to offer a variety of capital and investment banking services for community banks and correspondent banks.

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As M&A rebounds in Atlanta, choice targets become scarce

04/25/18

Buyers are scooping up many of the market's biggest banks, making it harder for others to gain scale.

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Investor group to buy correspondent bank in Maryland

12/11/17

MFA Acquisition, which plans to keep Maryland Financial Bank's name, wants to add more products and services after the deal closes.

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Inside Ripple's plan to make money move as fast as information

06/14/17

Most fintech startups fall into one of two camps: those that want to compete with banks and those that want to save banks from themselves. Ripple is the rare exception that wants to do both.

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