‘Extraordinarily inefficient’: Scharf’s blunt assessment of Wells Fargo


The Charlie Scharf era began with the company's lowest quarterly net income in more than nine years. Culprits included falling revenue, rising salaries and yet more financial fallout from the bank's sales scandal.


Former Wells Fargo execs may face criminal charges in coming weeks


Several former high-level Wells Fargo executives are under criminal investigation in connection with the bank's fake-account scandal and could be indicted as soon as this month.


‘It’s game time’: Libor transition to pick up steam in new year


Regulators' oversight of the industry's switch to a new interest rate benchmark is expected to intensify as a key deadline approaches.


Join the family bank? Nah, I'll start a fintech


George Cook could have joined Somerset Trust, where his father is CEO. Instead, he founded Honeycomb Credit, a crowdfunding platform that competes with banks.


As federal fintech regulatory plans founder, a push for alternatives


Many in the space are seeking the creation of a "flexible" supervisory regime that relies on existing authorities and a hands-off approach from state agencies, but such a plan faces an uphill battle.


Four U.S. regulators join global innovation network


The Federal Deposit Insurance Corp., Office of the Comptroller of the Currency, Commodity Futures Trading Commission, and the Securities and Exchange Commision announced Thursday they had joined the Global Financial Innovation Network.


Agencies sign off on final Volcker Rule changes


The reforms will result in significant changes to the proprietary trading ban first proposed by former Federal Reserve Chairman Paul Volcker and mandated in the Dodd-Frank Act.


Streamlined Volcker Rule could encourage some banks to take bigger risks


The revised trading rule is seen as a credit negative for banking industry.


Regulators close to unveiling Volcker revamp: Sources


Wall Street watchdogs are poised to take a major step toward overhauling limits on banks’ ability to trade with their own funds, according to people familiar with the effort.


Blockchain, crypto tech need clear rules of the road


Ambiguity about which laws apply to blockchain technology has prevented certain companies from doing business in the United States.