News Topic: Western Union
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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 ... Read full article
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. ... Read full article
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. ... Read full article
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. ... Read full article
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. ... Read full article
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 ... Read full article
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. ... Read full article