News Topic: Morning scan

He would be the second controversial pick by the president to join the central bank in the past few weeks; the JPM CEO said there are too many “onerous and unnecessary” rules. ... Read full article

Publicly traded banks will have to book expected losses on loans starting next year; the jump in mortgage refinancings could be a mixed bag for banks. ... Read full article

Firm “hopes to crowdsource new uses for” its pricing and analysis system; the system could be put on a device and used anywhere to cut down on fraud. ... Read full article

The executive is leaving after two years of coast-to-coast commuting; the interest rate on the loan declines as the borrower achieves technology goals. ... Read full article

The flagship division is on course to miss next year’s financial projections; Investors may be using SOFR swaps as a hedge against expected volatility. ... Read full article

The bank said it will look outside the company for a replacement; HUD alleges the social media giant allowed real estate firms to target groups in their advertising. ... Read full article

Swedbank fires its CEO as New York State DFS probes alleged money laundering; the underperforming unit will be overseen by CEO Jes Staley. ... Read full article

Mainstream firms are joining the push to let cannabis firms use banks; the companies say they can help banks make lending decisions quicker. ... Read full article

Artificial intelligence lets banks predict employee misconduct; banks will get more flexibility on how they count rate swaps. ... Read full article

Agency concerned about the number of "risky" mortgages being approved; Brian Kelly, who runs The Points Guy website, can determine if a card succeeds or fails. ... Read full article

Shift toward computerized, quantitative trading helps women advance; big bank stocks are on a pace for their worst week since December. ... Read full article

The Swiss bank’s CEO calls the trading environment “one of the worst in recent history”; 10,000 of German bank's U.S. employees fret over their future. ... Read full article

The bank aims to revitalize with internal promotions; German chancellor will let the country’s two biggest banks work things out themselves. ... Read full article

The bank is tying manager pay to inclusive hiring; Cboe Global Markets to stop trading bitcoin futures. ... Read full article

The $35 billion deal could create "a global payments giant"; with the number of community banks dropping as low as 5,477, it may be time for new ones. ... Read full article

The 65 people laid off in late February is only the beginning, report says; Bank of America CEO also tackles mortgages, the economy and gender issues. ... Read full article

Fintech investors, including Goldman Sachs, see opportunity in Mexico; firm’s growth in lending could be a problem if economy goes south. ... Read full article

The OCC says it is “disappointed” with the bank as CEO Tim Sloan gets lambasted on Capitol Hill; Goldman Sachs is letting private investors participate in its in-house special-situations unit. ... Read full article