Fed not an impediment to fintechs' charter ambitions: OCC's Otting

01/16/19

Some in the industry worry the Fed may balk at allowing OCC charter recipients into the payments system, but Otting downplayed those concerns.

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Warren asks big banks for details on their shutdown response

01/16/19

Sen. Elizabeth Warren questioned the five largest U.S. retail banks in a letter on what they are doing to reduce the impact of the government shutdown on customers.

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Deutsche Bank watchdogs said to favor Europe deal for lender

01/16/19

Deutsche Bank's key regulators would prefer the lender merge with a European rival rather than local competitor Commerzbank, setting them apart from forces in the government keen on an all-German deal.

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Fed study gauges toll of student debt on millennial homeownership

01/16/19

American homeownership has been on the decline, and Federal Reserve researchers point to the high cost of college as one culprit.

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Cost cuts and rate hikes drive Comerica's 4Q profits

01/16/19

The Dallas company beat earnings estimates even as it reported declines in deposits, total loans and fee income.

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FHFA will no longer defend agency's constitutionality in court

01/16/19

A federal appeals court ruling that found the leadership structure of the FHFA unconstitutional will face an "en banc" review later this month.

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Sterling Jewelers fined by CFPB for unauthorized credit card accounts

01/16/19

The company owning brands such as Kay Jewelers and Jared the Galleria of Jewelry will pay $11 million under a settlement with the consumer bureau and New York's attorney general.

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Stock market volatility takes bite out of BNY Mellon profit

01/16/19

The company's fourth-quarter results were also stymied by costs tied to severance and litigation, along with investments in technology.

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Real-time payments needs more competition

01/16/19

The Federal Reserve has suggested it could join the market for instant interbank payments, but private sector entrants would be better.

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Goldman dealmakers' surging fees help ease trading misery

01/16/19

Goldman Sachs Group Inc., owner of one of Wall Street’s top deal-making franchises, leaned on that business last quarter to overcome an industrywide downturn in fixed-income trading.

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