Amazon in talks with JPMorgan over checking accounts, report says

03/05/18

Amazon.com Inc. is in talks with JPMorgan Chase & Co. and Capital One Financial Corp. about offering the tech giant’s customers a product similar to a checking account.

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As Senate nears big vote, Dodd-Frank shows its staying power

03/02/18

The Senate is poised to pass the most substantial bank regulatory relief since the crisis, but any disruption of the post-crisis regime is still eclipsed by how much the bill enshrines Dodd-Frank.

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The banker caught up in Russia scandal, Mulvaney vs. Warren Part XIII, CU tax: Top stories of the week

03/02/18

The Russia probe puts a national spotlight on a Chicago bank exec; CFPB's Mulvaney and Sen. Warren face off (again) while a credit union CEO takes a surprising position on the industry's tax exemption.

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Short-circuited: Banks have few options to recoup costs of outages

03/02/18

The estimated costs of recent digital glitches at BB&T, TD and Wells Fargo are in the hundreds of millions of dollars, but contractual and economic realities make it hard for banks to sue vendors for the money or fall back on insurance policies.

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Santander’s growth strategy, a lawsuit over branch closures and suspicious senators

03/02/18

Santander's Ana Botin is plotting to make the global banking giant even bigger. Senators suspect a Wall Street cover-up of sexual harassment, and Capital One gets sued by the NAACP.

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Equifax cites 'ongoing investigation' by CFPB, other agencies

03/02/18

The Consumer Financial Protection Bureau is among several agencies that "continue to investigate events related to" last year's Equifax brief, the credit reporting firm said in a securities filing.

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Wells Fargo's critics unappeased as four directors to leave

03/02/18

California State Treasurer John Chiang, who’s on the boards of the state’s biggest pension funds, was among those who said the changes weren't enough. Chiang also called for CEO Tim Sloan to step down.

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Problems at Wells wealth unit; Equifax raises breach estimates

03/02/18

The bank overcharged some customers and some received inappropriate investment advice; 2.4 million more people were affected by the breach.

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'Might as well buckle up and get used to it': Comments of the week

03/01/18

Readers weigh in on whether or not banks should take a stand on gun control, opine on digital banking outages, reflect on banks building more branches in the internet age and more.

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Equifax says it may lose access to some card data over breach

03/01/18

Equifax, the credit bureau breached by hackers last year, said the card-payments industry may cut off its access to certain data or impose fines if the company can't prove it's addressed weaknesses.

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