Morning scan

OCC unhappy with Wells; Cryptocurrency price manipulation seen

10/03/18

Otting says the bank is not moving fast enough to repay customers who were unfairly sold auto insurance; lack of regulation lets traders use software to move prices.

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Fed looks at relaxing big bank rules; Wells western retail chief leaves

10/02/18

The central bank is mulling measures to broaden the number of banks receiving reg relief; Lisa Stevens was a top deputy to the former retail chief during the phony accounts scandal.

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Lending Club founder settles; banks fear weak third quarter

10/01/18

Laplanche agrees to a three-year securities industry ban and a small fine to settle SEC fraud charges on loan sales; analysts are expecting a "tepid" quarter as some trading activity suffers.

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FHFA oversight questioned; Bitcoin miner roller coaster

09/28/18

Watt hearing suggests IG lessened her oversight; those who invest in a publicly traded bitcoin mining company can expect volatility.

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Wall Street jobs in jeopardy; Marcus going international

09/27/18

Trading floor layoffs may be ahead as revenue declines; Goldman Sachs to expand its consumer bank to the U.K.,

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CRA reform battle heats up; Santander names CEO

09/26/18

Sen. Warren proposes a bill that would extend the law to credit unions while stiffening penalties; the Spanish bank taps UBS’s Andrea Orcel.

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Retailers target rewards cards; Deutsche Bank scolded on AML

09/25/18

Large retailers want the right to reject rewards cards at the point of sale to avoid higher swipe fees; Germany's financial regulator appoints an auditor to monitor the Deutsche Bank's progress.

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Banks test wearable payment devices; fintechs charge ahead

09/24/18

European banks are testing rings, watches and bracelets that are linked to credit and debit accounts; European regulators appear keener on increasing competition than U.S. counterparts.

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Tough times for Wells' Sloan; Mega mortgages to the stars

09/21/18

Wells Fargo CEO tackles cost-cutting, job cuts and rumors he’ll be replaced; banks put up millions to keep uber-rich as depositors.

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Danske airs dirty laundry; Simon spinoff

09/20/18

The Danish bank updates amount laundered; Goldman near deal for its Simon app.

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