News Topic: Morning scan

Regulators want to make rules easier for small banks; auto loan defaults rise while used-car prices fall. ... Read full article

The grandson of the oil titan and the former head of Chase Manhattan passes away at 101; Wells reports biggest drop in new account openings since the scandal. ... Read full article

The Justice Department files a court brief to give the president power to remove agency director at will; feud threatens bitcoin. ... Read full article

Goldman CEO tells the bank's shareholders he's proud of his employees' service record; former Wells CEO realizes $83 million in well-timed exercise of stock options. ... Read full article

CEO Timothy Sloan earned nearly $13 million last year in base pay and stock; Wall Street bonus pool rises from 2015 but still lags the years before the crisis. ... Read full article

Euronet's offer seeks to spoil Ant Financial's January deal for money-transfer company; White House nominates six to top Treasury posts, including James Donovan as deputy secretary. ... Read full article

Europe's largest bank gets accolades for its choice of chairman; Thomas Hoenig calls for standalone bank holding companies for "non-traditional activities." ... Read full article

Mark Tucker, the British bank's new chairman, will look to replace its outgoing CEO; A Canadian television network says bank employees were pressured to phony up accounts to meet sales targets. ... Read full article

Peter Hancock resigns at insurer's board meeting following "shocking" $3 billion fourth-quarter loss; Wells reorganizes retail bank unit, demotes executives. ... Read full article

Lawyer Jay Clayton's numerous Wall Street ties raise questions about possible conflicts of interest; wealthy family offices are becoming a "disruptive force" in finance. ... Read full article

Justice Department may pull back on discriminatory lending cases against banks; Barclays may have appetite for risk. ... Read full article

Wells Fargo named Allen Parker, former head of the Cravath law firm, as its new top lawyer; the Federal Reserve may bring charges against JPMorgan trader who lost $6.2 billion. ... Read full article

The German bank announces another corporate remake plus $8.5 billion in capital raising; China's banking system is now world's largest, although that's not necessarily a good thing. ... Read full article

Some of the bank's large institutional investors say it hasn't done enough following the scandal; digital currency tops bullion price for first time. ... Read full article

Bank removes perks for eight top executives as repercussions from fake accounts scandal continue; former tech executives leave world's biggest hedge fund after short tenures. ... Read full article

The FDIC said banking industry profits rose nearly 5% to $171 billion last year; at the same time, the agency's chairman says higher rates may expose bad loans at smaller banks. ... Read full article

The longtime bank analyst is one of many who lost their jobs when CLSA shut its U.S. equity research unit; marketplace lender forms group to buy $5 billion of loans ... Read full article

Lending by U.S. banks continued to fall in February after dropping the previous two months despite Trump euphoria; American banks are shifting jobs to Asian countries. ... Read full article