Financial crimes

Bitcoin surges on China talk; Mortgage market gets boost


President Xi wants faster research on blockchain, the technology behind digital currencies; low rates bring best home loan quarter in 14 years.


OCC loses fintech charter case; Zuckerberg to defend Libra


A federal judge says the agency can’t issue national bank charters to fintechs; Facebook’s CEO will state his case at a House hearing.


Warren: Trump DOJ settlements let big banks off easy


Following an article by American Banker and ProPublica that detailed how political appointees weakened the penalties paid by two large banks, the Massachusetts senator is demanding more information from the Justice Department.


Was Capital One unprepared? N.Y. AG subpoenas Sacklers’ banks


Employees saw the bank’s cybersecurity unit's shortcomings; the state seeking records related to hidden profits from the family's opioid business.


CFPB, Arkansas order broker to pay $2.7M in pension scam


The broker and the companies he operated allegedly induced veterans to hand over their federal benefits in violation of the law.


Bank stocks down again; Fed mulls new bank capital buffer


Bank shares are down more than 9% this month; the Fed has never imposed the countercyclical capital buffer before.


Manafort pleads not guilty to New York mortgage fraud charges


Former Trump campaign chairman Paul Manafort pleaded not guilty in a New York mortgage fraud case — state charges that are beyond the reach of a presidential pardon.


Broken systems beget bad behavior


Corporate scandals at banks and other firms often suffer from similar management challenges. The financial industry needs to look more closely at these root behaviors to help stem misconduct.


Senators urge brighter Fed spotlight on Deutsche Bank AML practices


The seven Democrats sought details on the Fed's response to allegations the bank suppressed suspicious activity reports on businesses tied to President Trump and Jared Kushner.


Pastor sues Wells Fargo, says negligence led to forgery charge


A Wells Fargo customer was interrogated, fingerprinted and mistakenly arrested for check forgery after a series of mistakes on the bank's part. He was cleared, and Wells says it made an error, but they are now fighting in civil court.