Morning scan

Yet another Wells scandal; House moves closer to passing dereg bill

04/27/18

Wells may have tried to lure 401(k) customers into more expensive IRAs; Hensarling says he will go along with Senate version of Dodd-Frank rollback.

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Deutsche down; LendingClub accused of duping customers

04/26/18

Bank’s net income plunges, will focus on Europe growth; FTC says the company charged hidden fees.

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Wells directors reelected; CFPB wants to close complaint database

04/25/18

All 12 directors win nearly 90% of the vote, as does long-time auditor KPMG; Mulvaney says records haven’t been vetted by the agency and shouldn’t be released.

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Calif. treasurer wants Wells CEO gone; Cryptocurrencies may not comply

04/24/18

John Chiang says the bank “reeks of betrayal” a day before the bank’s annual meeting; the former chair of the CFTC has doubts about cryptocurrencies.

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AML deadline is Wells’ next concern; Is Zelle a target?

04/23/18

The bank faces June 15 AML compliance deadline; the features that make Zelle popular with customers entice thieves.

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Wells’ $1B penalty; Barclays CEO fined

04/20/18

The bank’s latest punishment would settle charges by the CFPB and the OCC; Staley did not act without integrity in trying to unmask a whistleblower.

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Senate moves to kill CFPB auto rule; Amex profit soars 31%

04/19/18

Bill to end the guidance intended to fight discriminatory lending now goes to the House; card company’s push to make more loans to customers pays dividends.

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Senate ready to repeal CFPB auto rule; Tax cuts juice bank profits

04/18/18

The Senate is expected to pass a bill that would ax controversial guidance on loans at car dealerships; lower tax rate may have skewed year-on-year comparisons.

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Quarles wants bank input on stress tests; Banks lending again

04/17/18

Fed vice chair wants to put stress test scenarios out for comment by banks; C&Is outstanding at record level in March.

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Wells may restate earnings; Capital rule phase in

04/16/18

Bank’s earnings report notes possible $1 billion in fines; loan-loss accounting rule will be rolled out over three years.

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