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Bank will also pay $5.4 million to former manager who spotted fraud; overhauling Dodd-Frank will have to wait until summer.
By George YacikApril 4 -
The Fed's chief regulator leaves a legacy of strong banks; marketplace lender tries an IPO again by touting its balance sheet.
By George YacikApril 3 -
Former U.K. banker is fined by regulator for using WhatsApp to discuss deals; Chase believes the public cloud is safe enough for banking applications.
By George YacikMarch 31 -
Citizens Financial workers say they made up meetings with bank customers to meet sales pressures; car financing subsidiary settles with two states for $26 million for making bad loans.
By George YacikMarch 30 -
Digital currency proponents now pin their hopes on a bitcoin futures contract; bank reaches $110 million settlement with customers over phony accounts but gets "needs to improve" CRA rating.
By George YacikMarch 29 -
Former "Bond King" and the firm he co-founded patch up their differences for a reported $81 million; Supreme Court inaction means merchants can pursue more claims against Visa and Mastercard over swipe fees.
By George YacikMarch 28 -
Large banks may collaborate to reduce back-office expenses; survey says banks give in to customers who ask for reduced fees.
By George YacikMarch 27 -
Former Goldman wunderkind Eric Mindich closes $7 billion Eton Park hedge fund as returns suffer, assets shrink; San Francisco Fed chief says bank culture is regulatory concern.
By George YacikMarch 24 -
The Justice Department believes that Pyongyang was behind last year's New York Fed heist; Marcus Schenck, DB's CFO and deputy CEO, may be next in line to head the big German bank.
By George YacikMarch 23 -
Regulators want to make rules easier for small banks; auto loan defaults rise while used-car prices fall.
By George YacikMarch 22