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The change in store card branding would be a big blow to Synchrony; “equivalence” with EU rules “falls far short” of U.S. banks’ hopes.
By George YacikJuly 13 -
The agency, with others, will work to stop consumer fraud; manager of four Morgan Stanley L.A. offices allegedly ignored harassment allegations.
By George YacikJuly 12 -
The moves are seen as setting the stage for CEO James Gorman’s eventual retirement; banks outside the U.S. are suffering from the greenback’s recent rise.
By George YacikJuly 11 -
The private-equity firm, one of Deutsche Bank's largest shareholders, will advise the German bank in a paid role; some local lawmakers want to force merchants to take cash for payment.
By George YacikJuly 10 -
Leandra English said she plans to leave the agency and drop a lawsuit that sought to install her as director of the consumer agency; the stock exchange’s CTO is joining the Winklevoss twins’ Gemini firm.
By George YacikJuly 9 -
The Swiss bank allegedly hired Chinese officials’ friends and relatives to win business; JPM asked “several dozen” employees to consider moving from London.
By George YacikJuly 6 -
The decision not to go after the real estate firm could have “serious implications” for lenders; British banks have three months to address technology issues.
By George YacikJuly 5 -
A judge rules the accounting firm should have detected the fraud that brought down Colonial Bank; Fed deal with Goldman and Morgan Stanley shows softer side.
By George YacikJuly 3 -
The bank can pay out 40% more than it is expected to earn; the German bank’s stock slide may lead to its removal from a major European bank index.
By George YacikJuly 2 -
Deutsche Bank failed and Goldman Sachs and Morgan Stanley restrained; antitrust lawsuit brought by retailers may be near a resolution.
By George YacikJune 29 -
Eight states want the credit bureau to show what it’s doing to improve data security; Goldman, Morgan Stanley and Wells Fargo will be the focus of this set.
By George YacikJune 28 -
Banks stocks have declined as the yield curve shrinks; the companies will offer a co-branded small-business card.
By George YacikJune 27 -
Pass/fail may be replaced by public capital ratio; high court allows company to prevent merchants from favoring other cards.
By George YacikJune 26 -
The two Wall Street firms anxiously await the second round of stress test results; Commerzbank is working on using technology to generate basic research notes.
By George YacikJune 25 -
Judge says agency should not exist; the Fed says the largest banks are “strongly capitalized” and could withstand a severe crisis.
By George YacikJune 22 -
The payments company said it plans to spend $1 billion to $3 billion a year on acquisitions; NYS fines bank $205 million.
By George YacikJune 21 -
Jelena McWilliams said the agency will ask banks what's working and what's not; the acquisition of Hyperwallet Systems lets PayPal offer more services.
By George YacikJune 20 -
Morgan Stanley CEO, New York Fed chief caution against failing to remember what caused the financial crisis; Wells Fargo may combine its two big wealth management businesses.
By George YacikJune 19 -
Little-known Office for Management and Budget official Kathy Kraninger would succeed acting director Mick Mulvaney, her OMB boss; Wells Fargo still faces the big chill from several big cities and states.
By George YacikJune 18 -
Largest banks would be limited on how much risk they could have with each other; the credit bureau has hired the former head of the computer giant's Watson unit.
By George YacikJune 15


















