World's top banks increased fossil-fuel financing in 2018


U.S. banks accounted for nearly 40% of the financing worldwide to such firms, according to a report by Rainforest Action Network.


Banks shouldn’t be middleman in revealing true account owners


The objectives of a Financial Crimes Enforcement Network rule requiring financial institutions to collect “beneficial ownership” details are laudable, but the regulation can be subverted by unscrupulous customers.


'No wonder they've had 12 straight years of losses': Comments of the Week


Readers sound off on the CFPB's name change, whether the Post Office should be allowed to engage in banking services and the FDIC's call to revamp the de novo process.


FDIC's McWilliams to hire outside counsel over 'Choke Point' concerns


Jelena McWilliams is responding to concerns from Republican members of Congress that FDIC staffers are discouraging banks from doing business with certain industries.


Payday lender's emails tell a different story on Choke Point


Top executives at Advance America acknowledged that anti-money-laundering concerns at banks were likely the cause of account terminations, even as they publicly blamed a stealth regulatory campaign.


Crapo, Senate Banking GOP probe FDIC on Operation Choke Point


Republicans on the Senate Banking Committee expressed concern that FDIC examiners are verbally discouraging banks from working with certain businesses.


'You won't find a trail back to Curry or Gruenberg': Comments of the week


Readers consider to new evidence regarding Operation Choke Point, debate the impact of Democrats taking control of the House in November, respond to concerns about weakening the Volcker Rule and more.


Evidence is now clear: Operation Choke Point hurt lawful businesses


New court documents underscore the damage inflicted by the Obama administration’s de-risking initiative, argues Rep. Blaine Luetkemeyer.


At Davos, high spirits belie deepening sense of systemic unease


Some bankers spread the religion of this year's feel-good World Economic Forum, but others were more circumspect. The list of potential threats remains lengthy — including trade wars and the bursting of the bitcoin bubble — and all pose risks to banks and the economy.


TCF faces uncertain future after exiting auto lending


The bank has taken a decisive step to protect its asset quality, but the move also raises questions about what will drive loan growth in the future — and whether the company is on the block.