Penalties and fines

Big six banks roll; Trump again rails against rate hikes


Main Street and Wall Street banks show strong earnings gains over last year; the president calls the Fed’s rate raising policies “my biggest threat.”


Bank earnings should be good; Goldman's priority


Slower-than-expected lending and "lackluster" trading could be concerns; new CEO David Solomon sets his sights on fixed income.


HSBC to pay $765 million to settle crisis-era mortgage probe


HSBC will pay $765 million to settle allegations that it sold defective residential mortgage-backed securities in the run-up to the financial crisis, resolving one of the London-based bank's last significant legal challenges with the U.S. government.


OCC unhappy with Wells; Cryptocurrency price manipulation seen


Otting says the bank is not moving fast enough to repay customers who were unfairly sold auto insurance; lack of regulation lets traders use software to move prices.


Lending Club founder settles; banks fear weak third quarter


Laplanche agrees to a three-year securities industry ban and a small fine to settle SEC fraud charges on loan sales; analysts are expecting a "tepid" quarter as some trading activity suffers.


Lake a contender at JPM; U.S. probes Danish bank


Marianne Lake could be JPM’s eventual choice to succeed Dimon; three agencies investigating money laundering allegations against Danske Bank.


Citi CFO to retire; Dutch bank hit with big AML fine


John Gerspach is scheduled to leave next March after 10 years and be succeeded by Mark Mason; ING will pay nearly $900 million for failing to stop money laundering by clients.


Google pays Mastercard for data; Wall Street’s AG choice


The deal lets Google learn more about what people buy based on online ads, but raises privacy concerns; checkbooks favor Congressman Sean Maloney.


Banks hail CRA reform; Fighting identity theft of minors


OCC proposal would broaden the types of loans that would count toward CRA obligations; new law helps parents freeze accounts of minors.


Wells closes pro-pot pol’s account; impact of crytocurrency crash


The bank said the candidate planned to accept money from the medical marijuana industry; the crash in digital currency prices’ long-term consequences.