News Topic: Morning scan

Four retail managers are the first senior employees let go by the bank for their roles in the phony accounts scandal; federal court rules against investors in GSE suit. ... Read full article

President Trump is considering bankers and financiers, not economists, to fill vacant Fed seats; the ABA is launching an ad campaign to roll back the Durbin Amendment on swipe fees. ... Read full article

The Clearing House asks Fincen to do more to fight AML; two federal courts side with consumer agency in separate cases, including question about its constitutionality ... Read full article

Yellen has good things to say about Volcker rule and CFPB, while Tarullo backs tighter reins on big banks; Trump said to be considering Mnuchin deputy as Comptroller of the Currency. ... Read full article

Stocks of big banks have now largely recovered from their financial crisis lows; the big Japanese tech and telecom company plans to buy the $70 billion asset manager. ... Read full article

The Senate voted 53-47 to approve Steven Mnuchin as Treasury secretary; customers will soon be able to access cash at ATMs using their cellphones ... Read full article

Daniel Tarullo's retirement opens another spot for a potentially bank-friendly central bank seat; Gary Cohn is Trump's point man on all things financial, from deregulation to Obamacare. ... Read full article

Bankers' association takes the Federal Reserve to court over dividends diverted to highway fund; JPMorgan Chase CEO makes a killing buying his stock at the bottom. ... Read full article

The FDIC received eight new bank applications last year, not a lot but the most since the financial crisis; Wells' board is considering dropping bonuses for its top brass. ... Read full article

The German bank's head of corporate and investment banking is reportedly looking to leave; analysts are worried that a bitcoin fund might set off "irrational exuberance" among investors. ... Read full article

The SEC may have a more difficult time than other agencies adopting lenient financial regulations; the Fed's newest stress tests may be easier on the biggest banks. ... Read full article

The chairman of the House Financial Services Committee is preparing a new financial reform law; change could free up $100 billion in bank capital that could be returned to shareholders. ... Read full article

President to sign executive order Friday to roll Dodd-Frank as battle lines form over various sections of the act; Deutsche Bank's John Cryan issues an "especially contrite" apology for the German bank's past mistakes. ... Read full article

Social Finance continues to expand outside student loans, buying Zenbanx, a digital bank and money transfer startup; prepaid card provider fined $13 million over 2015 system outage. ... Read full article

Banks are checking vendors' security practices; Mnuchin appointment to Treasury put on hold as Democrats stall. ... Read full article

Wall Street banks comment on the president's temporary halt on immigration from Muslim-majority nations; Trump promises to do "a big number" on financial reform act. ... Read full article

Citi is close to deals to sell its customer and non-customer servicing portfolios; Wells tries to limit investor resolutions in its annual meeting proxy materials. ... Read full article

Chinese's largest online payments company to get a footprint in the U.S.; Believers in blockchain bemoan the lack of global cooperation. ... Read full article