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The CFPB nominee wins approval from the Senate Banking Committee by a 13-12 vote; the country is looking to borrow $11 billion after Aramco IPO is delayed.
By George YacikAugust 24 -
The 100 dismissals in asset management follow job cuts in other divisions; the agency cites the lack of protections against fraud and market manipulation.
By George YacikAugust 23 -
Bank to offer 100 free stock or ETF trades to customers; the BofA unit will deposit uninvested client cash in banks, not money market funds.
By George YacikAugust 22 -
The bank said the candidate planned to accept money from the medical marijuana industry; the crash in digital currency prices’ long-term consequences.
By George YacikAugust 21 -
The bank said it has received subpoenas related to low-income housing tax credits; write-offs of bad credit card debt creep up.
By George YacikAugust 20 -
Thieves stole more than $13 million from an Indian bank just days after an FBI warning; Fed’s special oversight restrictions from 2015 lifted.
By George YacikAugust 17 -
The FBI and DOJ are looking into what could be one of the largest mortgage frauds since the financial crisis; lawyers for the banks met with the Fed last week.
By George YacikAugust 16 -
Mark D’Arcy was in charge of regulatory reviews and annual stress tests; many see 10-plus point gains following removal of non-loan collections reports.
By George YacikAugust 15 -
Anand Selva, a longtime Asia hand, will head up U.S. consumer banking; several startups are backed by traditional card issuer veterans, such as former Citi CEO Vikram Pandit.
By George YacikAugust 14 -
Private equity firms are making loans to midsize businesses and online banks are winning deposits by paying 2% interest; Goldman hires a veteran M&A banker.
By George YacikAugust 13