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Wells Fargo to refund checking fees after lawmaker flags issue

12/05/19

CEO Charlie Scharf said in a letter to Congress that a review is underway to determine how many customers were affected by confusion over monthly fees and that the bank will begin issuing refunds next year.

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Community Banker of the Year: Morris Bank's Spence Mullis

12/02/19

Mullis has thrived as a traditional community banker, leading the redevelopment of historic buildings in a small, struggling Georgia town and successfully growing Morris Bank in a mostly rural market.

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Shake-up continues at Wells Fargo with poaching of Santander's CEO

12/02/19

Scott Powell, who resolved numerous regulatory problems as the head of the Spanish bank's U.S. operations, will face similar challenges at scandal-plagued Wells. As the bank's chief operating officer, Powell will report to CEO Charles Scharf, a former colleague at JPMorgan Chase.

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USAA won $200M from Wells Fargo in patent fight. Will others be on the hook?

11/18/19

The remote deposit capture tech at the center of the dispute is used by 6,500 institutions. That may mean other institutions will have to pay licensing fees to USAA.

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Stablecoins like Facebook's Libra may pose systemic risks, Fed says

11/15/19

Global stablecoins could hurt financial stability if they are improperly designed and unregulated, according to a Fed report.

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Is time running out to save black-owned banks?

11/14/19

A recent bank failure and a new legislative effort are again drawing attention to the struggles of black-owned banks since the crisis — and the fact that only 21 are left.

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Google partners with Citi to offer customers checking accounts

11/13/19

Google has partnered with Citigroup and a California credit union to offer consumer checking accounts, a person familiar with the matter said.

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Bank of America, IBM collaborating on a financial services cloud

11/06/19

Executives from the bank and the tech company have been working for months to create a cloud designed to address the challenges that often slow financial institutions' adoption of cloud computing.

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First Horizon to buy Iberiabank in one of year's biggest bank mergers

11/04/19

The acquisition will create a Southeastern regional with $75 billion in assets across 11 states.

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Is the end of Libor a threat to financial stability?

10/27/19

Concerns over banks’ level of preparation have led to worries about disruptions in the lending market, and some financial institutions warn that a new interest rate benchmark could cause lenders to pull back on credit.

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