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Former House Speaker Dennis Hastert pleaded guilty to structuring bank withdrawals in relatively small sums to avoid triggering scrutiny. But everyone knows the real reason he's going to prison.
The prosecution of former House Speaker Dennis Hastert illustrates why it makes sense to require bankers to share suspicions with the authorities.

Top Stories

Green Bancorp's surprise decision to purge all of its oil credits comes at a time when other banks have been gradually paring back exposure.  more »
Calls to break up big banks could complicate efforts by large institutions to raise sizable cushions of capital that can absorb losses in the event of a failure.  more »
No one at Old Fort Banking could afford to buy the large stake being sold by the Ohio bank's majority shareholder. So the employee stock ownership plan stepped in, and now it plans to take full control of Old Fort's holding company.  read more »
CIT's bread-and-butter business — commercial banking — weakened as it embarks on a broader turnaround plan. Soft demand from midsize companies plagued it and other lenders last quarter. Will that problem continue the rest of the year?  read more »
FinTech Forward
How to Encourage Bank Customers to Take 'Good' Risks
With consumers generally averse to risk, financial institutions have an opportunity to rethink what it means to make bets in line with their customers' well-being.  read more »
Advocates on the left and the right routinely assert that "too big to fail" is still with us and that Dodd-Frank and other post-crisis reforms have not secured the financial system from excessive risk, and the public seems to agree. So where does regulatory policy go from there?  read more »
Two startups are working to educate millennials on the importance of credit and issue them small credit lines. Credit to young adults largely dried up following the CARD Act of 2009, which changed the way banks and others could market to the group.  read more »