Western Union

OCC's Wells oversight, TD's new consumer chief, big Southeast deal: Top stories of the week


Verdict on OCC’s supervision of Wells Fargo expected in late spring; TD Bank names Matt Boss its new consumer products chief; CenterState and South State plan $3.2B merger with operations stretching from Virginia to Florida; and more from this week’s most-read stories.


Postal banking won’t deliver for USPS


Proponents of a plan to get the Postal Service more involved in banking say it would restore profitability. Actually it would lose more money.


Western Union is weighing sale of business payments unit


Western Union plans to begin soliciting potential suitors within weeks. No decision has been made and Western Union may decide to keep the business.


Banks network to flag human traffickers


Bank of America and several other large U.S. financial services companies, as part an effort organized by the Thomson Reuters Foundation and Western Union, have published resources to help smaller banks spot signs of forced labor and kidnapping.


Citi's investor day returns; Morgan Stanley tops Goldman


Citi is holding its first investor day since the financial crisis, plugging credit cards and its Mexican business; Morgan Stanley's market cap tops Goldman's for the first time.


Money laundering enforcement: Lessons from the Western Union case


Documents filed in connection with a $586 million settlement reveal how certain agents for the global money transmitter enabled extensive fraud and money laundering.b


Western Union admits to money laundering, fraud crimes


The global money transmitter will pay $586 million and implement an anti-fraud program in order to resolve allegations that it enabled widespread misconduct by some of its employees.