A new court filing suggests that Stephen Calk was named to a 13-member economic advisory team in 2016 in exchange for approving a $9.5 million loan to former campaign manager Paul Manafort. ... Read full article
The Swiss bank allegedly hired Chinese officials’ friends and relatives to win business; JPM asked “several dozen” employees to consider moving from London. ... Read full article
The decision not to go after the real estate firm could have “serious implications” for lenders; British banks have three months to address technology issues. ... Read full article
A judge rules the accounting firm should have detected the fraud that brought down Colonial Bank; Fed deal with Goldman and Morgan Stanley shows softer side. ... Read full article
Joel Tucker is the brother of Scott Tucker, who in January was sentenced to 16 years in prison for perpetrating an unrelated payday-loan scheme. ... Read full article
Deutsche Bank failed and Goldman Sachs and Morgan Stanley restrained; antitrust lawsuit brought by retailers may be near a resolution. ... Read full article
The class-action suit filed on behalf of people who lost money in the scam accuses Bank of America of failing to spot suspicious activity, including deposits of hundreds of thousands of dollars into accounts with small or negative balances. ... Read full article
The payments company said it plans to spend $1 billion to $3 billion a year on acquisitions; NYS fines bank $205 million. ... Read full article
The settlement resolves one of several regulatory issues that have dogged the German bank's U.S. operations. ... Read full article
Jelena McWilliams said the agency will ask banks what's working and what's not; the acquisition of Hyperwallet Systems lets PayPal offer more services. ... Read full article
The settlement is the latest development in probes by governments around the globe into banks’ manipulation of benchmark interest rates. ... Read full article
Institutions that have been opening consumer accounts without consent need to prepare for the fallout, even if the OCC has said it won't name names. ... Read full article
The agency found no “systemic issues” in its review of other banks’ sales practices; some churches say the lenders are needed, others see the devil. ... Read full article
The agency has no plans to release general findings from an extensive review of sales practices at large and midsized banks. That's troublesome, and will only fuel the perception that it is too cozy with the institutions it regulates. ... Read full article
The OCC finds widespread problems in bank retail sales practices; Ripple and Swift competition for payments pits technology against convention. ... Read full article
An inquiry into the sales practices of more than 40 banks launched in the wake of the Wells scandal found several systemic issues and hundreds of problems at individual institutions. The OCC completed the review in December but is not making the results ... Read full article
The banker made $140,000 in illegal trading profits; the German bank faces Fed stress test and “living will” examination soon. ... Read full article
Speaking at an industry conference Thursday, Wells Fargo CEO Tim Sloan left open the possibility that employees intentionally falsified important regulatory documents. ... Read full article
The $1.9 trillion-asset bank is under pressure to provide investors more information about when it expects to resolve the numerous headaches that have arisen in the wake of its phony-accounts scandal. ... Read full article
The bank sought to evade the consequences of compliance failures including weak scrutiny of transactions that could be tied to North Korea, the N.Y. banking superintendent said in demanding access to communications between the bank and its new supervisor, ... Read full article
