The firms were initially slated to be included in a newly merged trade association, but they were blocked after some executives objected to adding more Wall Street banks. ... Read full article
Otting wants banks to make small loans to consumers; the German bank will reduce headcount by at least 7,000. ... Read full article
Senior executives from Barclays, Bank of America and other big banks urged women to aim high, take chances on challenging jobs and — perhaps most important — provide support to other high-performing female colleagues instead of viewing them as a threat. ... Read full article
From international payments to trade finance deals, banks are increasingly exploring uses of distributed ledger technology in a number of ways. ... Read full article
Banks feeling the pressure in commerical lending from lightly-regulated, cash-flush competitors; financial institutions take "an increasingly militarized approach" to fighting cybercrime. ... Read full article
Lloyd Blankfein will probably step down as Goldman Sachs' chief executive officer in December, according to a published report. David Solomon has been seen as the heir apparent, but the timing of the changeover had been unclear. ... Read full article
Even as Jamie Dimon touts the female leadership at his company, it lags in one key area. But JPMorgan women are making strides in particular with blockchain initiatives, and Amber Baldet finally shares what she is working on. Plus: heels or flats? ... Read full article
The post-recession boom in auto loans and credit cards for borrowers with marred credit histories has been winding down in recent months. ... Read full article
The proposed change would give banks more leeway in making trades and put more onus on regulators to challenge their judgments, sources said. ... Read full article
The former Citigroup CEO is investing $100 million in Fair Square Financial, a midmarket card issuer; the exit leaves one executive atop the bank’s securities division. ... Read full article
The Fed and FDIC are at odds over how proposed changes to the supplemental leverage ratio would change megabanks’ capital levels. Here's why both estimates are right but misleading. ... Read full article
Marcus unit will start taking deposits in the U.K. next month; the bank uses the technology to complete a trade finance letter of credit for Cargill. ... Read full article
Goldman Sachs will issue Apple’s new co-brand credit card, according to a person familiar with the matter, as the investment bank deepens its push into consumer finance. ... Read full article
Today's senior leaders seem more willing than their predecessors to take bold stands on controversial topics, in part because employees and investors expect them to. ... Read full article
One woman's legal battle of more than a decade could develop into one of the biggest gender discrimination lawsuits to hit Wall Street. Bank of America faces a complaint after its sexual harassment ouster, and loses another top female executive. Plus, ... Read full article
Live Oak Bancshares wants its next bank president to “step on the gas” as it accelerates growth into new industries. ... Read full article
The issues at Wells Fargo extend beyond the fines; Ally Financial's auto finance chief departs; ICBA chief Cam Fine signs off; and more from this week's most-read stories. ... Read full article
The Wall Street giant's acquisition of the app maker Clarity Money is only one part of a long-term strategy to build a digital retail bank from the ground up. ... Read full article
The addition of a personal finance app rounds out the loan and deposit-account offerings at the online lender Marcus. ... Read full article
As upstart companies mature, they face pressure to develop deeper relationships with their customers. That is leading some to offer to a wider range of products, including deposit accounts. ... Read full article
