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The chairman of the House Financial Services Committee is preparing a new financial reform law; change could free up $100 billion in bank capital that could be returned to shareholders.
By George YacikFebruary 6 -
President to sign executive order Friday to roll Dodd-Frank as battle lines form over various sections of the act; Deutsche Bank's John Cryan issues an "especially contrite" apology for the German bank's past mistakes.
By George YacikFebruary 3 -
Social Finance continues to expand outside student loans, buying Zenbanx, a digital bank and money transfer startup; prepaid card provider fined $13 million over 2015 system outage.
By George YacikFebruary 2 -
Banks are checking vendors' security practices; Mnuchin appointment to Treasury put on hold as Democrats stall.
By George YacikFebruary 1 -
Wall Street banks comment on the president's temporary halt on immigration from Muslim-majority nations; Trump promises to do "a big number" on financial reform act.
By George YacikJanuary 31 -
Citi is close to deals to sell its customer and non-customer servicing portfolios; Wells tries to limit investor resolutions in its annual meeting proxy materials.
By George YacikJanuary 30 -
Chinese's largest online payments company to get a footprint in the U.S.; Believers in blockchain bemoan the lack of global cooperation.
By George YacikJanuary 27 -
JPM snatches $1 trillion custodian business from long-time holder State Street; Harvard will lay off half of the employees managing its $35.7 billion endowment.
By George YacikJanuary 26 -
Bank customers will be able to check information on Mint, TurboTax and QuickBooks without sharing their JPM passwords; Treasury secretary nominee says regulation should account for bank "complexity and activity"
By George YacikJanuary 25 -
Wells branch employees knew in advance when bank inspectors were coming; Goldman, Morgan Stanley and JPMorgan execs have sold nearly $100 million in stock during the Trump rally
By George YacikJanuary 24