News Topic: Morning scan

The deal would be the biggest bank merger in more than a decade; banks would need to show how many days they could last with just cash on hand. ... Read full article

Once a moneymaker and executive training spot, the business is no longer cost-effective; Edward Bramson wants a board seat. ... Read full article

Senior loan officers also expect decline in loan performance; meeting termed "cordial and collegial." ... Read full article

The bank said it will hold back bonuses to its former CEO and others as it probes the 1MDB scandal; the House is looking into the bank’s loans to Trump's firm. ... Read full article

The European Commission says eight unnamed banks operated as a cartel in the €7 trillion eurozone government bond market; authorities detected a 150-foot tunnel leading to a JPMorgan Chase branch in Florida. ... Read full article

Wells says it's made progress but needs to do more to rebuild trust with customers and regulators; despite rate hikes by the Fed, big banks continue to effectively pay nothing in interest to savings customers. ... Read full article

The Trump administration will offer a framework and get Congressional input on housing finance; some online banks offer more than 2% interest on deposits. ... Read full article

Last year’s Dodd-Frank rollback facilitated the Chemical-TCF deal; the Fed is holding a conference this summer to discuss possible changes to the tests. ... Read full article

Business lending at the 10 largest regionals got a boost from turmoil in the securities markets; hedge funds stand to gain if conservatorship ends. ... Read full article

The largest banks are expected to soon receive requests to appear before the House Financial Services Committee; banks taking steps to curb scams. ... Read full article

The bank says regulators want information about its possible role in the money laundering scandal; Kristi Mitchem moves to BMO Global Asset Management. ... Read full article

The bloc said the company artificially raised interchange fees in Europe; weather changes that increase flood risks may mean defaults on mortgages. ... Read full article

Many government employees are turning to alternative lenders to bridge the gap between paychecks; the average pay at the biggest U.S. banks rose by just 3% last year, well below the CEO rate. ... Read full article

The units that handle small business payments and the one for larger firms will be combined; survey shows U.K. consumers may shun loans. ... Read full article

Goldman Sachs CEO David Solomon sticks to rogue banker defense in scandal; bank misses earnings, revenue estimates. ... Read full article

The deal, valued near $22 billion, will combine two of the financial services industry's largest tech and processing firms; both banks top expectations. ... Read full article

The bank missed expectations although profit rose 67%; with the California Democrat leading the House Financial Services Committee, deregulation could slow. ... Read full article

Trading revenue for banks is expected to be flat; the bank plans high deposit rates to lure corporate customers. ... Read full article