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Galileo Processing has created a digital banking product that seeks to provide wealth managers with the offering they generally lack: an in-house savings account that pays competitive rates. ... Read full article

Biz2Credit is offering its Biz2X platform to all banks after gaining HSBC and Popular Bank as clients. ... Read full article

The legislation faces a tougher path in the Senate where GOP leaders are reluctant to ease restrictions on what is still a banned narcotic. ... Read full article

Regulators want Fannie Mae and Freddie Mac to build up massive amounts of capital before being freed from government control. Don Layton, Freddie's departing chief executive officer says that's easier said than done. ... Read full article

The 72% backing was the lowest approval rate for the resolution since 2015. An advisory firm criticized the bank's policy as too subjective. ... Read full article

Former Federal Reserve Gov. Daniel Tarullo warned that a Fed proposal to weaken the stress capital buffer, among other things, could hurt safety and soundness. ... Read full article

Democrats pressed law enforcement on whether senior Deutsche Bank executives quashed suspicious activity reports filings related to President Trump. ... Read full article

While regulation and nonbank competition are spooking some banks, others believe low funding costs and the right relationships can help them succeed. ... Read full article

BB&T’s chief executive has not prioritized meeting with local leaders and consumer advocates to discuss its merger plans, missing a valuable opportunity to create a new kind of large bank. ... Read full article

Raisin GmbH has hired Wealthfront’s Paul Knodel to expand its internet platform for bank-savings products to the U.S. If all goes to plan, the operation will go live within 12 months. ... Read full article

First Internet will gain lenders and servicing staff, along with offices in Chicago and Indianapolis, from the deal. ... Read full article

Both Democrats and Republicans devoted considerable time at a House Financial Services Committee hearing last week to lamenting how the accounting standard will hurt small lenders. ... Read full article

Although higher corporate debt could hurt the economy, Federal Reserve Chair Jerome Powell argued changes made since the last crisis will guard against a meltdown. ... Read full article

Kristen Donoghue had been one of the agency's few remaining senior enforcement managers hired by former Director Richard Cordray. ... Read full article

Sens. Sherrod Brown, D-Ohio, and Chris Van Hollen, D-Md., called on the bank to explain a report that the private wealth management division quashed anti-money-laundering reports prepared by compliance staff. ... Read full article

Banks would be better able to comply with anti-money-laundering laws if all 50 states collected information on the owners of new corporations and published it in a national database, Comptroller Joseph Otting said Monday. ... Read full article

Mark Calabria said he wants Fannie Mae and Freddie Mac to take preliminary steps by Jan. 1 toward exiting conservatorship. ... Read full article

A Wells Fargo customer was interrogated, fingerprinted and mistakenly arrested for check forgery after a series of mistakes on the bank's part. He was cleared, and Wells says it made an error, but they are now fighting in civil court. ... Read full article