Morning scan

Deutsche hires Cerberus to help fix it; D.C. targets cashless merchants

07/10/18

The private-equity firm, one of Deutsche Bank's largest shareholders, will advise the German bank in a paid role; some local lawmakers want to force merchants to take cash for payment.

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CFPB challenger quits; NYSE tech chief joins digital exchange

07/09/18

Leandra English said she plans to leave the agency and drop a lawsuit that sought to install her as director of the consumer agency; the stock exchange’s CTO is joining the Winklevoss twins’ Gemini firm.

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Credit Suisse settles nepotism charges; JPM broaches Brexit

07/06/18

The Swiss bank allegedly hired Chinese officials’ friends and relatives to win business; JPM asked “several dozen” employees to consider moving from London.

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CFPB won’t pursue Zillow case; U.K. banks warned to fix IT

07/05/18

The decision not to go after the real estate firm could have “serious implications” for lenders; British banks have three months to address technology issues.

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PwC held accountable for bank failure; Fed gets friendly

07/03/18

A judge rules the accounting firm should have detected the fraud that brought down Colonial Bank; Fed deal with Goldman and Morgan Stanley shows softer side.

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Finally, good news for Wells; Deutsche faces more problems

07/02/18

The bank can pay out 40% more than it is expected to earn; the German bank’s stock slide may lead to its removal from a major European bank index.

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Stress test recap; Payments deal near

06/29/18

Deutsche Bank failed and Goldman Sachs and Morgan Stanley restrained; antitrust lawsuit brought by retailers may be near a resolution.

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Equifax hit with consent order; Fed to release 2d round of stress tests

06/28/18

Eight states want the credit bureau to show what it’s doing to improve data security; Goldman, Morgan Stanley and Wells Fargo will be the focus of this set.

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Bank stocks slide; Amex teams with Amazon

06/27/18

Banks stocks have declined as the yield curve shrinks; the companies will offer a co-branded small-business card.

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Fed may change stress test grading; Amex wins

06/26/18

Pass/fail may be replaced by public capital ratio; high court allows company to prevent merchants from favoring other cards.

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