News Topic: Morning scan

The card company reported flat billed business following two down quarters despite loss of Costco co-branded business; bank regulator faults its examiners for ignoring Wells Fargo problems as far back as 2010. ... Read full article

The bank's first-quarter results take some of the steam out of the Trump bank rally; Mastercard to put Masterpass on Facebook Messenger while PayPal reaches deal with Android Pay. ... Read full article

Bank earns $75 million for saving Bass Pro Shops's acquisition of rival outdoor retailer; Trump to name Randal Quarles as Fed's vice chairman for bank supervision. ... Read full article

Hacker group Shadow Brokers says U.S. intel agency compromised parts of the global banking system; bank's directors gear up for tough election at annual meeting. ... Read full article

JPMorgan Chase, Wells Fargo and Citigroup report first quarter earnings; Warren Buffett's company sells shares to stay under 10% ownership but is likely to support directors at annual meeting. ... Read full article

The financial press looks at possible ramifications from Jes Staley's attempt to unmask a whistleblower at the British bank; why has the digital currency failed to live up to eight years of hype? ... Read full article

Directors take back $75 million more from two former executives and release scathing report on bank's fake accounts scandal; UBS executive sees decade-long wait for transformation. ... Read full article

CEO Jes Staley is investigated by British authorities for trying to unmask a bank whistleblower and will take a pay hit; ISS is second consultant to call for voting against Wells directors. ... Read full article

White House economic chief makes nice with Elizabeth Warren over resurrecting bank separation law; Renaud Laplanche launches a new company to compete with his old one. ... Read full article

CFPB director accused of being "asleep at the wheel" during the Wells Fargo scandal; consumers and retailers both reluctant to use Apple's mobile payment service. ... Read full article

Jeffrey Lacker admits his involvement in a 2012 leak that sparked a criminal probe by the Fed; Wells has fired dozens in its credit card processing unit for inflating merchants' sales figures. ... Read full article

Bank will also pay $5.4 million to former manager who spotted fraud; overhauling Dodd-Frank will have to wait until summer. ... Read full article

The Fed's chief regulator leaves a legacy of strong banks; marketplace lender tries an IPO again by touting its balance sheet. ... Read full article

Former U.K. banker is fined by regulator for using WhatsApp to discuss deals; Chase believes the public cloud is safe enough for banking applications. ... Read full article

Citizens Financial workers say they made up meetings with bank customers to meet sales pressures; car financing subsidiary settles with two states for $26 million for making bad loans. ... Read full article

Digital currency proponents now pin their hopes on a bitcoin futures contract; bank reaches $110 million settlement with customers over phony accounts but gets "needs to improve" CRA rating. ... Read full article

Former "Bond King" and the firm he co-founded patch up their differences for a reported $81 million; Supreme Court inaction means merchants can pursue more claims against Visa and Mastercard over swipe fees. ... Read full article

Large banks may collaborate to reduce back-office expenses; survey says banks give in to customers who ask for reduced fees. ... Read full article