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Circle Internet Financial says it is now worth $3 billion following latest funding round; proposed changes would give banks more leeway to make some trades.
By George YacikMay 16 -
The former Citigroup CEO is investing $100 million in Fair Square Financial, a midmarket card issuer; the exit leaves one executive atop the bank’s securities division.
By George YacikMay 15 -
Marcus unit will start taking deposits in the U.K. next month; the bank uses the technology to complete a trade finance letter of credit for Cargill.
By George YacikMay 14 -
This would be the bank’s first foray into credit cards; Wells Fargo says it won’t be able to comply with Fed requirements before next year.
By George YacikMay 11 -
The bank said it kept fee rebates that should have gone to a small pension fund; some women say the company's “bro” culture hinders their advancement.
By George YacikMay 10 -
Ryan, McConnell say they have a deal on a bipartisan Dodd-Frank rollback; New York won more than $5 billion in settlements from big banks under the former AG.
By George YacikMay 9 -
Hedge fund apparently likes the bank’s corporate services business; Michael Piwowar is credited with “jump-starting” the agency’s deregulatory push.
By George YacikMay 8 -
Bank agrees to pay $480 million to investors related to the phony accounts scandal; Daniel Tarullo’s Fed departure called a turning point on oversight.
By George YacikMay 7 -
The bank’s head of global capital markets is joining a private equity firm; Jefferies mortgage bond trader is freed from prison.
By George YacikMay 4 -
MetLife and Prudential exceed expectations; cybercurrency desk will trade contracts linked to the digital currency’s value.
By George YacikMay 3 -
The firm will pay $110 million to settle charges it didn’t control traders; hedge fund executive says he was wrongfully accused of sexual misconduct.
By George YacikMay 2 -
Agencies are examining regulating cybercurrencies not named bitcoin; is Paul Achleitner to blame for the German bank’s problems?
By George YacikMay 1 -
Vice chairman set to leave agency on Monday; big regionals are caught in the middle, losing share to both the biggest national banks and community institutions.
By George YacikApril 30 -
Wells may have tried to lure 401(k) customers into more expensive IRAs; Hensarling says he will go along with Senate version of Dodd-Frank rollback.
By George YacikApril 27 -
Bank’s net income plunges, will focus on Europe growth; FTC says the company charged hidden fees.
By George YacikApril 26 -
All 12 directors win nearly 90% of the vote, as does longtime auditor KPMG; Mulvaney says records haven’t been vetted by the agency and shouldn’t be released.
By George YacikApril 25 -
John Chiang says the bank “reeks of betrayal” a day before the bank’s annual meeting; the former chair of the CFTC has doubts about cryptocurrencies.
By George YacikApril 24 -
The bank faces June 15 AML compliance deadline; the features that make Zelle popular with customers entice thieves.
By George YacikApril 23 -
The bank’s latest punishment would settle charges by the CFPB and the OCC; Staley did not act without integrity in trying to unmask a whistleblower.
By George YacikApril 20 -
Bill to end the guidance intended to fight discriminatory lending now goes to the House; card company’s push to make more loans to customers pays dividends.
By George YacikApril 19


















