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OCC drops hammer on Stumpf, seven other ex-Wells Fargo execs

01/23/20

Former CEO John Stumpf agreed to pay a $17.5 million penalty while ex-community banking chief Carrie Tolstedt faces a potentially $25 million fine for sales-practices misconduct. Other former officials could face fines totaling $16 million.

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Trump asks JPMorgan's Erdoes to say 'Thank you, Mr. President'

01/15/20

A smiling President Donald Trump thanked some of the biggest U.S. companies for about 10 minutes on Wednesday at the White House, where he was celebrating his trade deal with China. When it came to JPMorgan Chase, he asked for reciprocation.

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‘Extraordinarily inefficient’: Scharf’s blunt assessment of Wells Fargo

01/14/20

The Charlie Scharf era began with the company's lowest quarterly net income in more than nine years. Culprits included falling revenue, rising salaries and yet more financial fallout from the bank's sales scandal.

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Visa's $5 billion Plaid deal takes a possible rival off the table

01/13/20

In the battle to control consumer data, Visa has made a major score by agreeing to acquire Plaid, a technology company that it could have seen grow into a competitor.

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Truist unveils logo that emphasizes high-touch, high-tech focus

01/13/20

The regional bank, formed from the merger of BB&T and SunTrust, will begin marketing its new brand in conjunction with next month’s Super Bowl.

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Financial services 2025: The pursuit of a moving target that's moving faster

01/09/20

An examination of potential sources of upheaval for the financial industry and ideas on how to adapt.

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Santander US names chief strategy officer

01/08/20

In the newly created role, Daniel Budington will be responsible for developing strategic partnerships and identifying growth opportunities.

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Should banks expect cyberattacks from Iran?

01/07/20

Iranian hackers have a history of targeting U.S. banks. Security experts discussed how bankers can prepare themselves if such attacks are renewed as part of a response to the killing of Qassem Soleimani.

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Former Wells Fargo execs may face criminal charges in coming weeks

01/03/20

Several former high-level Wells Fargo executives are under criminal investigation in connection with the bank's fake-account scandal and could be indicted as soon as this month.

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‘It’s game time’: Libor transition to pick up steam in new year

12/29/19

Regulators' oversight of the industry's switch to a new interest rate benchmark is expected to intensify as a key deadline approaches.

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