News Topic: Crime and misconduct

The FDIC and the OCC relax the rule restricting proprietary trading; home buyers with bad credit, lots of debt, or employment issues are again getting loans. ... Read full article

Following an article by American Banker and ProPublica that detailed how political appointees weakened the penalties paid by two large banks, the Massachusetts senator is demanding more information from the Justice Department. ... Read full article

It’s the latest development in a foreign-exchange-related case that has triggered regulatory probes around the world, and it's one of the first cases to be brought under 2015 U.K. legislation that paves the way for U.S.-style class actions. ... Read full article

“Digital Vault” will allow customers to store encrypted documents on third-party servers; bank accuses Orcel of misdeeds. ... Read full article

The consumer bureau said banks are "uniquely positioned" to know if an elderly customer is being targeted by fraudsters. ... Read full article

Powell sees need to "keep firms on their toes" while Quarles wants easier tests; €52 million paid to leaving execs nears total paid to board. ... Read full article

Freedom Debt Relief claimed it could negotiate on consumers’ behalf with creditors that in fact avoided dealing with debt settlement companies, the agency alleges. ... Read full article

The ban, which came to light Monday, will remain in effect until either the final disposition of Stephen Calk’s court case or until it is terminated by Comptroller Joseph Otting. ... Read full article

Credit unions and the rest of the financial services sector, in the spirit of recent criminal justice reform, should be more open to hiring workers with low-level criminal convictions. ... Read full article

Some signed on because the deal didn't require using or promoting Libra; Chicago bank may get stuck with $190 million of losses from U.K. mutual fund. ... Read full article

Corporate scandals at banks and other firms often suffer from similar management challenges. The financial industry needs to look more closely at these root behaviors to help stem misconduct. ... Read full article

The bank was accused of forcing borrowers to pay for insurance they did not need, pushing almost 250,000 of them into delinquency, according to a 2017 lawsuit. ... Read full article

Digital Asset Holdings eyes blockchain for 'smart contracts'; readying for a marathon is like competing for a big client. ... Read full article

The seven Democrats sought details on the Fed's response to allegations the bank suppressed suspicious activity reports on businesses tied to President Trump and Jared Kushner. ... Read full article

The two U.S. banks and Barclays have agreed to pay $91 million to settle claims that traders colluded to manipulate rates over a six-year span. ... Read full article

The anti-bribery law that Stephen Calk is accused of breaking carries stiff penalties — up to 30 years in prison — but violations can be relatively hard to prove because prosecutors must establish the defendant had a corrupt state of mind. ... Read full article

The bank dropped out of the bidding for the card over profitability fears; returning to the market could boost Barclays' investment bank. ... Read full article

JPMorgan tells OxyContin maker to take its business elsewhere; reelection tallies are smaller than last year’s. ... Read full article