Regional lenders would be subject to less regulation while the biggest banks would see no change; the insurance giant got hit with claims from several large natural catastrophes. ... Read full article
The credit union says employee charges that its AML program is deficient are false; Michelle Moore, who helped launched the Erica digital assistant, wants more time with family. ... Read full article
If approved, the Fed would consider risk factors besides size in how strenuously it oversees individual banks; Capital One's CIO on operating a bank as a technology company. ... Read full article
Christian Sewing calls out the German bank's senior managers for using rumors of a merger with Commerzbank to excuse poor performance; banks in China begin using smartphones to pick up on lie-detecting facial tics. ... Read full article
The money manager plans a big expansion in Atlanta; agency makes now rare determination that debt-collection practices were “abusive.” ... Read full article
Executives offer support to lift investment bankers’ morale; retailer’s move from Synchrony Financial could force card issuers to make concessions. ... Read full article
The 25-year JPM veteran will pursue an opportunity elsewhere; private equity firms have a record $57 billion to loan for real estate. ... Read full article
Consumer finance portal will be able to tell customers which loans they’ll qualify for; Marcus unit will soon offer investment services. ... Read full article
Brian Johnson, the agency’s second-in-command, wields much power; Fair Isaac is planning changes to credit scoring to boost approvals. ... Read full article
The senator wants the Fed to retain its asset cap on Wells Fargo until the CEO is fired; industry groups call on regulators to reconsider or scrap plans to modify Volcker Rule. ... Read full article
Banks ask Congress for help with a rule that forces them to estimate loan losses; The network will allow banks to "exchange and verify trade information." ... Read full article
Main Street and Wall Street banks show strong earnings gains over last year; the president calls the Fed’s rate raising policies “my biggest threat.” ... Read full article
A definition would give lenders a clearer idea of what practices are off limits; the mutual fund giant will provide the service for institutional clients. ... Read full article
BofA hasn’t taken advantage of the benefits of owning Merrill Lynch; weakness seen despite stronger bank earnings. ... Read full article
JPMorgan and Citibank post better-than-expected results; Adding workers and promoting its charitable efforts, the bank hopes to win favor. ... Read full article
The company’s stock plunges after Sarah Friar’s departure announced; the bank said it unintentionally withheld mortgage discounts from minority borrowers. ... Read full article
Slower-than-expected lending and "lackluster" trading could be concerns; new CEO David Solomon sets his sights on fixed income. ... Read full article
Several other recent hires may have been an attempt to refute charges it can’t attract top talent; rising rates have helped banks, but a reckoning awaits. ... Read full article
The company is offering short-term installment loans to its clients’ customers; even institutions not accused of wrongdoing may pay a price. ... Read full article
Profits at big banks should be solid if not spectacular; the Vermont senator proposes a hard cap on assets held by the biggest banks. ... Read full article
