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Months after President Trump vowed that Wells Fargo would pay a severe penalty, the CFPB and OCC hit the bank with a $1 billion fine to settle claims it overcharged customers for auto insurance and home loans. ... Read full article

The news of the data breach cast a shadow over relatively strong first-quarter earnings for the Atlanta bank. ... Read full article

Readers react to the Senate overriding the Consumer Financial Protection Bureau's auto lending guidance, weigh in on House efforts to reform the Dodd-Frank Act and debate technology being used to replace new branches. ... Read full article

The latest fine from regulators is expected to be leveled against the bank as early as Friday. But it's far from the only penalty it has paid in recent years, and more may be on the way. ... Read full article

The firing happened in 2013 after the staffer gained access to emails from top executives and shared them outside the company, according to a news report. ... Read full article

The CFPB and OCC are expected to assess a $1 billion fine against Wells Fargo for allegedly overcharging customers for auto insurance and home loans. ... Read full article

The New York Department of Financial Services is encouraging banks to review ties with the firearms industry. ... Read full article

Randal Quarles found himself in the middle of an issue that typically doesn't fall under a bank regulator's purview. ... Read full article

Tim Russi played a key role in the company’s transition away from its once-close relationship on General Motors. He will be succeeded by Doug Timmerman, a 32-year Ally veteran. ... Read full article

“We know we've said this before, but we do feel we've put this behind us now,” Joseph DePaolo said Thursday. ... Read full article

Financial institutions are sharing more information with third parties these days, but they need to be cautious about it. ... Read full article

Investing in technology has been an important focus for banks. But big questions remain about these investments, including how best to pay for them. ... Read full article

Two recent central bank proposals may exacerbate problems with the agency’s capital surcharge for big banks. ... Read full article

The Waterbury, Conn., company also posted a double-digit gain in net interest income thanks to a 7% increase in commercial loan balances and a widening net interest margin. ... Read full article

Major card brands have been competing to surpass each other with rewards and premium card offerings for decades, but American Express still views the premium card world as one it dominates. ... Read full article

Matt Zames, the former JPMorgan Chase executive who had been seen as a candidate for Deutsche Bank's top job, was named president of the investment firm Cerberus Capital Management. ... Read full article

The North Carolina company's efforts to contain expenses made up for a marginal increase in revenue. ... Read full article

The custody bank benefited from a wide range of economic forces in the first quarter ... Read full article