Employment and benefit-related court cases

Trader says bank framed him; Government big on housing


Rohan Ramchandani claims in lawsuit Citigroup singled him out to protect itself; three federal agencies now back almost $7 trillion in mortgage debt.


Morgan Stanley tries the cloud; Santander-Orcel feud escalates


“Digital Vault” will allow customers to store encrypted documents on third-party servers; bank accuses Orcel of misdeeds.


Amex fires 10 in forex pricing case; Santander will fight Orcel


The workers charged customers incorrect currency conversion rates; Santander plans to defend its decision to not hire Andrea Orcel if he sues.


Deutsche sounds global retreat; banks push for checking deposits


The bank will reduce its footprint to its German roots; U.S. banks are offering cash bonuses to keep customers from fleeing to higher-yielding accounts.


Trump tweets Fed nominee names; Deutsche in selling mode


The president says he’ll nominate Judy Shelton, Christopher Waller for Fed; the bank reportedly in talks to sell parts of its “once prized” equities business.


Big banks chase Schwab; Bramson readies Barclays fight


Wall Street moves to compete with the low-fee financial services giant; activist investor has an uphill climb for a seat at this week’s annual meeting.


Ex-JPM exec banned; banks fear being left behind


Former Managing Director Timothy Fletcher banished for role in referral hiring; Apple-Goldman collaboration shows banks fear missing out.


Square gets into lending business; Costs of money laundering


The company is offering short-term installment loans to its clients’ customers; even institutions not accused of wrongdoing may pay a price.


Taking aim at bitcoin; CFPB delays prepaid card rule


Several banks won’t process cybercurrency transactions while others are reviewing their policies; agency promises flexibility to lenders.


Wells Fargo fighting order to rehire whistleblower


Wells Fargo is extending a 6-year-old fight with a whistleblower, despite a government order to immediately reinstate the former employee.