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The Trump administration is “sounding a friendlier tone” toward bankers following the Obama chill; credit bureau takes steps to limit the financial damage.
By George YacikNovember 13 -
Company’s first earnings report since the data breach also discloses lots of suits and investigations; Senate bill also calls for one-year delay in corporate tax rate cut to 20%.
By George YacikNovember 10 -
Barros has no answer for Senate committee on encryption; a bitcoin network split won’t happen … for now.
By George YacikNovember 9 -
The Fed’s new chief bank regulator wants to change “the tenor of supervision”; Ron O’Hanley, who was named president this week, will also take over as CEO by the end of 2018.
By George YacikNovember 8 -
New York Fed chief cautions against taking “meat cleaver” to Dodd-Frank; Stephanie Cohen, one of the highest-ranking women at the bank, will try finding new sources of revenue.
By George YacikNovember 7 -
William Dudley is leaving before his term is up; esoteric bank security pays off big.
By George YacikNovember 6 -
The proposed 20% corporate tax rate would benefit banks more than other industries; online lenders made nearly a third of new personal loans in the first half.
By George YacikNovember 3 -
Rule that would have made it easier for banks to be sued is repealed; a survey says the technology isn’t a priority for bank CIOs.
By George YacikNovember 2 -
The chairman of the House Financial Services Committee says he won’t seek reelection next year; CME Group hopes to launch a contract by yearend.
By George YacikNovember 1 -
Big banks have raised deposit rates faster than regionals in order to retain depositors; India’s largest payment app wants to expand.
By George YacikOctober 31 -
President Trump is expected to announce his Fed chair nominee this week; three deals earned JPM's boss almost $100 million.
By George YacikOctober 30 -
Small banks targeted a handful of GOP senators; bank may lose more than $450 million, mainly due to its Puerto Rico auto finance unit.
By George YacikOctober 27 -
Pence breaks tie to overturn rule prohibiting mandatory arbitration; depositors receiving higher rates in effort to retain them.
By George YacikOctober 25 -
Treasury contests agency’s claims that ban on mandatory arbitration benefits consumers; former head of FX trading used client information to profit the bank.
By George YacikOctober 24 -
Bank fires four forex traders, while the OCC slams its auto lending practices; United wants to renegotiate its co-branded credit card agreement with JPM.
By George YacikOctober 23 -
Payments company reports double-digit increases in both profit and revenue; card company faces intense competition.
By George YacikOctober 20 -
Chenault to leave credit card giant helm after 16 years, vice chairman will take his place; Brett Redfearn named the agency’s director of trading and markets.
By George YacikOctober 19 -
Quarterly earnings at big five banks could have been worse; Chase to buy WePay, which helps online marketplaces and crowdfunding websites process payments.
By George YacikOctober 18 -
Supreme Court will hear challenge to card company’s anti-steering rules; Anthony Alexis has been in the role for most of the agency’s six years of existence.
By George YacikOctober 17 -
JPM chief says digital currency “has no actual value,” but likes the blockchain technology behind it; lender will wait until “the time is right” before re-applying.
By George YacikOctober 16















