Morning scan

SEC nominee faces conflict questions; Disruptive families

03/09/17

Lawyer Jay Clayton's numerous Wall Street ties raise questions about possible conflicts of interest; wealthy family offices are becoming a "disruptive force" in finance.

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DOJ seen easing; Barclays may add risk

03/08/17

Justice Department may pull back on discriminatory lending cases against banks; Barclays may have appetite for risk.

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Wells names legal chief; London whale targeted

03/07/17

Wells Fargo named Allen Parker, former head of the Cravath law firm, as its new top lawyer; the Federal Reserve may bring charges against JPMorgan trader who lost $6.2 billion.

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Deutsche do-over; China on top

03/06/17

The German bank announces another corporate remake plus $8.5 billion in capital raising; China's banking system is now world's largest, although that's not necessarily a good thing.

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Wells faces investor rebellion; Bitcoin strikes gold

03/03/17

Some of the bank's large institutional investors say it hasn't done enough following the scandal; digital currency tops bullion price for first time.

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Wells claws back; Shake-up at Bridgewater

03/02/17

Bank removes perks for eight top executives as repercussions from fake accounts scandal continue; former tech executives leave world's biggest hedge fund after short tenures.

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Banks earn record profits in 2016, but higher rates threaten some

03/01/17

The FDIC said banking industry profits rose nearly 5% to $171 billion last year; at the same time, the agency's chairman says higher rates may expose bad loans at smaller banks.

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Mike Mayo seeks work; Prosper gets funding

02/28/17

The longtime bank analyst is one of many who lost their jobs when CLSA shut its U.S. equity research unit; marketplace lender forms group to buy $5 billion of loans

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Bank lending slips; U.S. bank jobs moving out

02/27/17

Lending by U.S. banks continued to fall in February after dropping the previous two months despite Trump euphoria; American banks are shifting jobs to Asian countries.

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Barclays back in the black; Capital One probed on AML

02/24/17

The British bank recovered after two years of red ink and is close to finishing a major restructuring; DOJ, Treasury and New York state are investigating the credit card lender.

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