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Credit Suisse Group won a class-action trial in which the bank was accused of participating in a sprawling conspiracy to fix prices in the multitrillion-dollar foreign-exchange market.
October 20 -
The Cleveland bank expects to lose about $25 million in fee income per quarter as a result of recent changes to its overdraft policies. CEO Chris Gorman said Key plans to compensate by expanding its customer base.
October 20 -
The challenger bank is taking an ever more do-it-yourself approach to technology and trying out customers' interest in buying cryptocurrency. It plans to offer a combined debit and credit product soon.
October 20 -
Federal Reserve Bank of St. Louis President James Bullard's reported speaking engagement at an invitation-only private event hosted by Citigroup last Friday may have violated the central bank's communications guidelines, central bank watchers said.
October 20 -
The data aggregator announced a product this week that allows banks to build data privacy portals, where consumers can see who has access to their account data.
October 20 -
Bank of Princeton in New Jersey said it would pay $25 million in cash to acquire Noah Bank, whose former CEO was convicted on charges that included bank bribery and theft.
October 20 -
Jamie Dimon, the chief executive of JPMorgan Chase, will discuss bank taxes and the U.K.'s plans to boost the finance sector's competitiveness in a telephone call next week with U.K. Chancellor of the Exchequer Jeremy Hunt.
October 20 -
Deutsche Bank laid off dozens of origination and advisory staffers within its investment banking division globally as fears of a recession stymie dealmaking, according to a person with knowledge with the matter.
October 20 -
Pricing discipline at the Georgia bank contributed to a 3.5% quarter-over-quarter decline in deposits. To stem the tide, the company plans to lean into core deposits, brokered deposits and advances from the Federal Home Loan Bank System.
October 20 -
If stablecoins facilitate payments in the future it could have broad implications, acting Chairman of the Federal Deposit Insurance Corp. Martin Gruenberg said.
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