Morning scan

House panel passes Choice Act; Wells said to target aliens

05/05/17

Bill that would roll back much of Dodd-Frank now goes to the full House; suit says bank employees trailed undocumented Latinos to get them to open accounts.

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Banks put brakes on auto lending; The human cost of AI

05/04/17

Cutbacks coincide with drop in car sales; capital markets expected to lose 200,000 jobs net to artificial intelligence.

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Clayton confirmed; Dodd-Frank Rollback vote coming

05/03/17

Senate votes 61-37 to confirm Trump's choice of Wall Street lawyer as head of securities agency; House Financial Services Committee to vote Wednesday on bill to rollback Dodd-Frank.

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Trump eyes OCC chief; Miami can sue banks

05/02/17

The president may soon replace Thomas Curry as bank regulator with an interim appointment; Supreme Court says city can sue B of A and Wells Fargo over predatory lending.

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Behind the Swift hack; banks look for risk relief

05/01/17

Despite measures taken by the messaging service, banks are still responsible for their own cybersecurity; banks want easing of “operational risk” rules.

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Barclays CEO at risk?; Wells sued again

04/28/17

Proxy advisor firm says shareholders should abstain – but not vote against – Jes Staley at bank's May 10 meeting; shareholder alleges Wells targeted illegal aliens in phony accounts scheme.

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Bankers cash out; Down then up

04/27/17

Insiders at regional and community banks have sold $1.4 billion of their own stock since the election; the corporate tax rate changes will hurt then help banks.

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Wells directors survive – barely; Bitcoin woes

04/26/17

Shareholders reelected all of the bank's directors, though some got only slightly more than 50% approval; exchanges having trouble processing deals in dollars.

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Good news for Wells; Remembering IndyMac, fondly

04/25/17

The FDIC and the Fed approve the bank's living will and remove growth limits; former employees of failed banks like IndyMac and Wamu still have fond memories.

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Wells broadens settlement; two views on blockchain

04/24/17

The bank said it will cover more customers harmed by its sales tactics; one analyst preaches patience on blockchain while a report sees explosive growth.

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