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Security Group was fined $5 million for abusive collection tactics; the Dutch payments company is now valued at nearly $16 billion.
June 14 -
Almost half of systemically important financial institutions are trading in bear territory; bank is accused of overcharging customers for mortgage-backed securities.
June 13 -
The bank's $17 billion investment in growth businesses is not seen as a game changer; Synchrony working with retail partners to make credit decisions on the fly.
June 12 -
Banks are extending maturities and making loans to riskier credits to boost volume; banks cut their muni holdings as tax rates drop.
June 11 -
The agency found no “systemic issues” in its review of other banks’ sales practices; some churches say the lenders are needed, others see the devil.
June 8 -
Agency says it wants “smaller memberships to ensure streamlined discussions;” the bank hired a U.K. firm to help it better defend against cyberattacks.
June 7 -
The OCC finds widespread problems in bank retail sales practices; Ripple and Swift competition for payments pits technology against convention.
June 6 -
UniCredit and Société Générale are discussing a merger; Revolut also plans to launch its mobile service in the U.S. this summer.
June 5 -
No surprises expected from the annual Fed reviews; Elad Roisman is seen as the pick to replace Michael Piwowar on the panel.
June 4 -
The banker made $140,000 in illegal trading profits; the German bank faces Fed stress test and “living will” examination soon.
June 1
