Technology-driven systems aren’t enough to root out anti-money-laundering violations. Congress should consider creating a program that would encourage those with knowledge of illegal behavior to come forward. ... Read full article
The accounts — which eschew paper checks and overdraft protection — appeal beyond the low-income customers they were intended for; lenders are embracing artificial intelligence systems to analyze more data to determine creditworthiness. ... Read full article
Regulators give OK, but find “shortcomings” that need to be addressed; Labor Department says the bank is laying off U.S. workers while hiring overseas. ... 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
A former senior staffer at the Federal Deposit Insurance Corp. was found guilty of embezzling confidential information about banks from the agency before she left her post, and could face up to 20 years in prison. ... Read full article
A U.S. District judge in Scranton denied the student lender's motion to dismiss the suit. ... Read full article
Richard Harra was also fined $300,000 for painting a false picture of the bank’s financial health at the height of the financial crisis. ... Read full article
Time and again, two former associates of President Trump deceived banks in connection with loan applications. Their wealth, proximity to power and willingness to tell big lies all appear to have helped them get away with brazen schemes. ... Read full article
U.S. prosecutors have accused four alleged Puerto Rican drug traffickers with the murder of banker Maurice Spagnoletti, seven years after he was gunned down on a San Juan highway as he drove home from work. ... Read full article
The move means the cap on asset growth may stay in place longer; the German bank reportedly processed 80% of the money laundered through Danske Bank. ... Read full article
Attorney General Barbara Underwood’s office is looking into whether merchant cash-advance companies engaged in fraud or abused the state court system. ... Read full article
The bank would add to monitoring of employees outside the U.S. in response to the 1MDB scandal; financial firms seek help to automate more systems. ... Read full article
The Federal Savings Bank is trying to persuade a judge to look beyond its CEO's alleged complicity in a fraud perpetrated by President Trump's former campaign chair. ... Read full article
Three former CFPB officials seek more enforcement against lenders; Federal Reserve interest rates hikes have boosted bank profits. ... Read full article
The agency's mortgage insurance fund has big potential shortfall; Howard Wilkinson can tell U.S. regulators and law enforcement agencies what he knows. ... Read full article
Will prosecutors believe a rogue banker was behind Malaysia fraud?; banks that changed standards in Q3 were more likely to ease underwriting. ... Read full article
The former Goldman CEO is said to be the unnamed executive at a meeting with Asian financier; the bank faces multibillion-dollar penalties in two countries. ... Read full article
The OCC is looking into problems in the bank’s technology operations; banks turn to untraditional methods to raise revenue from research. ... Read full article
The bank says a calculation error led it to deny help to distressed homeowners; a former U.S. deputy attorney general will help with in the 1MDB fraud scandal. ... Read full article
Executives offer support to lift investment bankers’ morale; retailer’s move from Synchrony Financial could force card issuers to make concessions. ... Read full article
