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. ... Read full article
In a rare move, Maryland Financial is voluntarily liquidating after its customer base shrank and efforts to sell itself failed. ... Read full article
Danish lawmakers say that the probe currently focused on Danske Bank should be expanded to include more firms. ... Read full article
Société Générale pays more than $1 billion for working with Cuba and others; Fed vice chair in line for global regulator chief role. ... Read full article
The German lender was a correspondent bank for the Tallinn, Estonia, branch of Danske Bank that is the focus of multiple international investigations. ... Read full article
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 ... Read full article
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. ... Read full article
Buyers are scooping up many of the market's biggest banks, making it harder for others to gain scale. ... Read full article
MFA Acquisition, which plans to keep Maryland Financial Bank's name, wants to add more products and services after the deal closes. ... Read full article
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. ... Read full article
A legal dispute between Wells Fargo and one of the largest bitcoin exchanges underlines persistent doubts U.S. banks have about participating in digital currency. ... Read full article
Community banks, which could be the hardest hit if economic tensions between the U.S. and Mexico escalate into a tariff battle, are urging policymakers to refrain from rash action, and big banks are already trimming exposures. ... Read full article
The deal includes about 250 correspondent relationships accounting for more than $7 billion of annual agency and governmental residential mortgage loan production. ... Read full article
