Deutsche Bank

Santander reaches auto loan settlement; OCC’s Otting to Step down


One of the biggest subprime auto lenders agreed to pay $550 million to settle predatory lending charges; the bank regulator has largely completed his goal of overhauling the Community Reinvestment Act.


Fed reprimands Deutsche Bank; Senate Democrats want PPP answers


The German bank’s money laundering controls are still not up to snuff, among other problems; three Democrats say banks may have shortchanged small-business borrowers.


Warren joins senators seeking Deutsche Bank details on Trump


U.S. senators including Elizabeth Warren, the onetime presidential candidate, are pushing for details from Deutsche Bank about contacts with the family business of President Donald Trump, which has asked the German lender for leniency on some of its loans.


Banks deal with coronavirus; Fed finalizes bank capital rules


Banks make emergency preparations as HSBC deals with confirmed case; the changes simplify regulations without posing additional systemic risks, the Fed says.


Bank faces backlash on Tubman card; HSBC to cut costs, workers


Black-owned OneUnited is getting grief for its depiction of the abolitionist on a debit card; the bank plans $4.5 billion in cost cuts, with 35,000 jobs cut.


Fed terminates enforcement actions against four large banks


The three cease and desist orders and one written agreement had cited separate concerns at JPMorgan Chase, Discover, Deutsche Bank and RBS.


Charges in Equifax hack; Varo Money passes FDIC test


Four Chinese military members charged with stealing data of 150 million Americans; fintech can use deposit insurance, a step toward a full bank charter.


Fed votes to ease Volcker restriction; Truist reports a setback


Banks would be allowed to own stakes in venture capital funds; the combined BB&T-SunTrust isn’t realizing cost savings as fast as it projected.


Goldman’s investor day disappoints; Fed on hold


The bank raised its return-on-equity goals, based mostly on cost cuts and its core trading business; the Fed did raise the rate it pays on bank reserves.


U.K. overdraft plans draw scrutiny; Deutsche to delay pay raises


The country’s banks plan to raise overdraft rates to 40%, which has regulator watching; starting this year pay increases won’t be retroactive to Jan. 1.