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Last year’s Dodd-Frank rollback facilitated the Chemical-TCF deal; the Fed is holding a conference this summer to discuss possible changes to the tests.
By George YacikJanuary 29 -
Business lending at the 10 largest regionals got a boost from turmoil in the securities markets; hedge funds stand to gain if conservatorship ends.
By George YacikJanuary 28 -
The largest banks are expected to soon receive requests to appear before the House Financial Services Committee; banks taking steps to curb scams.
By George YacikJanuary 25 -
The bank says regulators want information about its possible role in the money laundering scandal; Kristi Mitchem moves to BMO Global Asset Management.
By George YacikJanuary 24 -
The bloc said the company artificially raised interchange fees in Europe; weather changes that increase flood risks may mean defaults on mortgages.
By George YacikJanuary 23 -
Many government employees are turning to alternative lenders to bridge the gap between paychecks; the average pay at the biggest U.S. banks rose by just 3% last year, well below the CEO rate.
By George YacikJanuary 22 -
Citi is the first to share its unadjusted pay gap and lays out its goals for improvement. Bankers will be getting to know the progressive female freshmen who are storming D.C. a lot better. Plus, lots of fintech people moves and Gillette's take on toxic masculinity.
By George YacikJanuary 18 -
The units that handle small business payments and the one for larger firms will be combined; survey shows U.K. consumers may shun loans.
By George YacikJanuary 18 -
Goldman Sachs CEO David Solomon sticks to rogue banker defense in scandal; bank misses earnings, revenue estimates.
By George YacikJanuary 17 -
The deal, valued near $22 billion, will combine two of the financial services industry's largest tech and processing firms; both banks top expectations.
By George YacikJanuary 16 -
The bank missed expectations although profit rose 67%; with the California Democrat leading the House Financial Services Committee, deregulation could slow.
By George YacikJanuary 15 -
Trading revenue for banks is expected to be flat; the bank plans high deposit rates to lure corporate customers.
By George YacikJanuary 14 -
Some big investors think the recent selloff in bank stocks is overdone; despite new ways to pay, credit cards still dominate.
By George YacikJanuary 11 -
Housing and auto sales are just the first sectors to feel pain from rising rates; BlackRock may have identified its next CEO.
By George YacikJanuary 10 -
The unit is under investigation by federal agencies for misrepresenting pricing; investment bankers are looking at a possible 15-20% drop in bonus money.
By George YacikJanuary 9 -
4.5% rates could trigger more homebuying and refinances; Sherborne Investors wants a seat on the bank’s board so it can facilitate change.
By George YacikJanuary 8 -
Linda Lacewell replaces Maria Vullo as New York’s chief financial regulator; the Swiss bank is reportedly talking to Christian Meissner about a senior role.
By George YacikJanuary 7 -
The accounts — which eschew paper checks and overdraft protection — appeal beyond the low-income customers they were intended for; lenders are embracing artificial intelligence systems to analyze more data to determine creditworthiness.
By George YacikJanuary 4 -
Facebook’s WhatsApp unit has been testing its payments app in India since May; investors price in an almost a 90% probability of no Fed hikes this year.
By George YacikJanuary 3 -
The industry has largely avoided added federal oversight after the Equifax hack; the product has created a “financial albatross” as consumers game the system.
By George YacikJanuary 2



















