Morning scan

Goldman to take $5B tax hit; PwC called negligent in bank failure

01/02/18

But bank will benefit long-term from tax reform; judge says accounting firm failed to detect mortgage fraud that did in Colonial Bank.

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Swiss regulator slams JPM; Fannie, Freddie get a boost

12/22/17

Bank allegedly “seriously breached” anti-money laundering rules; mortgage agencies will be permitted to retain $3 billion capital buffer.

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Banks plan to raise salaries; Comptroller boosts fintech firms

12/21/17

Wells, Fifth Third, others plan to raise pay after tax reform; Joseph Otting backs a federal banking charter for online lenders.

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House passes SIFI reform; Living wills of biggest banks approved

12/20/17

The $50 billion threshold replaced by a formula, but bill must be reconciled with Senate version; Fed, FDIC say the eight big banks still have work to do.

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More responsibility for Wells retail chief; Bitcoin debuts on CME

12/19/17

Mary Mack adds mortgage and auto units to her already large portfolio; futures price dips but volume up compared to Cboe’s first day of trading.

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M&T’s Robert Wilmers dies; sex scandal claims Visa executive

12/18/17

Long-time CEO grew M&T Bank into a $120 billion regional lender; Jim McCarthy, a high-profile manager, didn’t inform company about relationships.

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Another warning on bitcoin; Quantum leap

12/15/17

Bank of Canada governor says digital currencies could cause “significant disturbance”; JPM testing quantum computing's abilities.

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Yellen hails continuity at Fed; online lending flops

12/14/17

Departing central bank chief says colleagues are committed to strict bank regulation; marketplace lending not living up to promises as delinquencies continue to rise.

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Bitcoin mania grows; Trump’s deregulation strategy

12/13/17

Interactive Brokers says it will allow customers to bet against the cybercurrency; aides to Alabama senator drafted for key regulatory positions to ease banking rules.

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Bitcoin bulls beat bears; SEC chief warns on cybercurrency risk

12/12/17

Price of digital currency jumps 24% in first day of futures trading; Jay Clayton tells buyers to beware, then halts an initial coin offering.

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