Sen. Elizabeth Warren is joining with a fellow Senate Democrat Chris Van Hollen in seeking a Banking Committee investigation of Deutsche Bank's compliance with U.S. safeguards against money laundering.
Any serious discussion of how best to update the Community Reinvestment Act for the 21st century must focus on strengthening the law, not eliminating it.
The two agencies seek to end the acrimony with the companies they regulate; the government is trying to make it easier for the wounded Deutsche Bank to merge with rival Commerzbank.
Synovus has given CFO Kevin Blair the additional title of COO. He will oversee three business lines, plus tech, operations and product and treasury management.
The U.S. subsidiary of the Royal Bank of Canada has added bankers from MUFG Union Bank and Bank of America to its Orange County, Calif., team that serves the aerospace and defense industry.
The banking software company has acquired Avoka, a software-as-a-service company that helps banks with digital customer acquisition and onboarding and will add to Temenos’ digital front office product.
Time and again, two former associates of President Trump deceived banks in connection with loan applications. Their wealth, proximity to power and willingness to tell big lies all appear to have helped them get away with brazen schemes.
Brad Sherman of California and Gregory Meeks of New York are worried the proposed accounting standard for recording loan losses will reduce access to credit for small businesses and low- and moderate-income communities.
A new unit of the nonprofit tech-development foundation is getting banks of all sizes to work together on cutting-edge software projects that could benefit the entire industry.
