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Discover Financial Services' announcement of the immediate resignation of longtime executive Roger Hochschild comes weeks after the company announced it overcharged merchants for 16 years.
August 14
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OnPath Federal Credit Union in Louisiana recently launched a Spanish-language microsite to provide native speakers access to digital products that are simpler to navigate and content that's easier to understand.
August 14
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The Canadian bank committed Monday to lending and investing over $2 billion in the Garden State's lower- to middle-income communities over the next three years. A $50 billion, multistate agreement was scrapped earlier this year after TD failed to get approval to buy First Horizon.
August 14
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Federal Deposit Insurance Corp. Chair Martin Gruenberg said Monday that the agency is not backing down on its Basel III capital proposal, and wants to implement long-term debt requirements and adjustments to the living wills and uninsured deposit rules.
August 14
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The fintech is relying on Alex Chriss' experience in melding technology with marketing to ignite growth with small-business and consumer users.
August 14
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White Clay and Quantalytix are two financial technology providers whose founders spent more than a decade in banking and are intimately familiar with the issues they try to solve.
August 14
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UBS Group AG agreed to pay $1.44 billion to settle a case with the U.S. Department of Justice regarding how it handled residential mortgage-backed securities.
August 14
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In its annual report, the Federal Deposit Insurance Corp. explored the various credit, market and operational risks facing the banking sector. It also explored crypto and climate issues.
August 14
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The largest U.S. banks will fork over billions to cover their share of a special assessment from the Federal Deposit Insurance Fund to cover replenishment of the Deposit Insurance Fund after this spring's bank failures.
August 14
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About two-thirds of respondents in a survey of roughly 300 Bloomberg terminal users said the anti-ESG movement that started in the U.S. last year will force firms to stop using those three letters in conversations with clients.
August 14
