Penalties and fines

Weak revenue growth underlies bank profits; another Libor alternative

04/16/19

Citi, Goldman, BofA earnings rose despite flat revenues; benchmark would be based on rates set on the American Financial Exchange.

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Lies, coaching at StanChart kept Iran cash moving, U.S. says

04/10/19

U.S. court filings on Tuesday revealed how little some Standard Chartered employees heeded U.S. sanctions, and how they dissembled in order to hold onto profitable clients.

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SEC chief warns on leveraged loans; Wells’ woes continue

04/09/19

Clayton is the latest to raise concerns about bank loans to highly indebted companies; Wells Fargo’s performance took a hit with its reputation.

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Goldman’s layoffs; Moynihan talks digital banking

03/15/19

The 65 people laid off in late February is only the beginning, report says; Bank of America CEO also tackles mortgages, the economy and gender issues.

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USAA's penalty; GSE reform gets harder; Citizens' buy: Top stories of the week

02/22/19

OCC orders USAA to improve risk management; White House's mixed signals complicate housing finance reform debate; Rhode Island bank snaps up dealmaking boutique; and more from this week's most-read stories.

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French AML ruling has ripples in U.S.; Barclays 4Q boosts Staley

02/21/19

If verdict stands, it could raise ceiling on anti-laundering penalties; better-than-expected results buy Barclays chief more time on current strategy.

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Why Kraninger's CFPB is mandating fewer consumer refunds

02/20/19

The agency has required restitution in just one of six settlements under its new director, raising questions about whether the pattern will continue.

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CFPB fines Enova $3.2M for unauthorized account debits

01/25/19

The consumer bureau says the online lender improperly extracted millions from over 5,000 accounts without getting authorization.

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BoE's Carney says jail for bankers a bluff, hitting pay is best weapon

01/24/19

Bank of England Governor Mark Carney said threats of jail for bankers are just a bluff and the real weapon to improve behavior is hitting pay packets.

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EU fines Mastercard; Why climate change worries BofA

01/23/19

The bloc said the company artificially raised interchange fees in Europe; weather changes that increase flood risks may mean defaults on mortgages.

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