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Cashing in digital currency for government-backed paper may not be so easy; JPM CEO is taken to task by shareholders for his close ties to President Trump.
May 17 -
Updates on fintech in Brazil, China and Britain; Brian Duperreault promises to grow the insurance giant, not break it up.
May 16 -
The value of digital currencies soared past $50 billion, raising concerns of a bubble; B of A plans to introduce AI-powered digital assistant this year.
May 15 -
The bank said it plans to cut $2 billion more from expenses over the next two years; Senate Banking Dems have questions about the choice of acting comptroller.
May 12 -
Despite some investor criticism, CEO retains support of chairman John McFarlane; consumer protection agency looks to extend regulatory reach.
May 11 -
Appeals court throws out earlier ruling that federal bailout of giant insurer was illegal; Barclays chief likely to face angry shareholders at annual meeting.
May 10 -
Investment bank promotes several executives; banks ask Mnuchin to help roll back rule that would make them recognize loan losses earlier.
May 9 -
Wells is expected to announce $3 billion more in additional spending reductions; B of A pays half the interest of other banks, but still rakes in deposits.
May 8 -
Bill that would roll back much of Dodd-Frank now goes to the full House; suit says bank employees trailed undocumented Latinos to get them to open accounts.
May 5 -
Cutbacks coincide with drop in car sales; capital markets expected to lose 200,000 jobs net to artificial intelligence.
May 4
