The Treasury secretary says the Trump administration doesn't support separating commercial from investment banking; wealthy neighborhoods are designated as low-income, benefitting banks with branches there. ... Read full article
Consumer debt breaks the previous mark set back in 2008, but some are worried that people are returning to their profligate ways; Wells Fargo makes greater use of consumer surveys to fix its brand. ... Read full article
Cashing in digital currency for government-backed paper may not be so easy; JPM CEO is taken to task by shareholders for his close ties to President Trump. ... Read full article
Updates on fintech in Brazil, China and Britain; Brian Duperreault promises to grow the insurance giant, not break it up. ... Read full article
The value of digital currencies soared past $50 billion, raising concerns of a bubble; B of A plans to introduce AI-powered digital assistant this year. ... Read full article
The bank said it plans to cut $2 billion more from expenses over the next two years; Senate Banking Dems have questions about the choice of acting comptroller. ... Read full article
Despite some investor criticism, CEO retains support of chairman John McFarlane; consumer protection agency looks to extend regulatory reach. ... Read full article
Appeals court throws out earlier ruling that federal bailout of giant insurer was illegal; Barclays chief likely to face angry shareholders at annual meeting. ... Read full article
Investment bank promotes several executives; banks ask Mnuchin to help roll back rule that would make them recognize loan losses earlier. ... Read full article
Wells is expected to announce $3 billion more in additional spending reductions; B of A pays half the interest of other banks, but still rakes in deposits. ... Read full article
Bill that would roll back much of Dodd-Frank now goes to the full House; suit says bank employees trailed undocumented Latinos to get them to open accounts. ... Read full article
Cutbacks coincide with drop in car sales; capital markets expected to lose 200,000 jobs net to artificial intelligence. ... Read full article
Senate votes 61-37 to confirm Trump's choice of Wall Street lawyer as head of securities agency; House Financial Services Committee to vote Wednesday on bill to rollback Dodd-Frank. ... Read full article
The president may soon replace Thomas Curry as bank regulator with an interim appointment; Supreme Court says city can sue B of A and Wells Fargo over predatory lending. ... Read full article
Despite measures taken by the messaging service, banks are still responsible for their own cybersecurity; banks want easing of “operational risk” rules. ... Read full article
Proxy advisor firm says shareholders should abstain – but not vote against – Jes Staley at bank's May 10 meeting; shareholder alleges Wells targeted illegal aliens in phony accounts scheme. ... Read full article
Insiders at regional and community banks have sold $1.4 billion of their own stock since the election; the corporate tax rate changes will hurt then help banks. ... Read full article
Shareholders reelected all of the bank's directors, though some got only slightly more than 50% approval; exchanges having trouble processing deals in dollars. ... Read full article
The FDIC and the Fed approve the bank's living will and remove growth limits; former employees of failed banks like IndyMac and Wamu still have fond memories. ... Read full article
The bank said it will cover more customers harmed by its sales tactics; one analyst preaches patience on blockchain while a report sees explosive growth. ... Read full article
