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Citigroup's markets operation had hundreds of blind spots, allowing for potentially abusive transactions to go unnoticed in almost 900,000 trades processed every day at the bank's Canary Wharf headquarters for more than two years.
August 19 -
How many more decisions will CFPB Director Rohit Chopra make without appropriate stakeholder input?
August 19
ACA International -
The Federal Reserve looks to be paying closer attention to a potential pinch-point that rankled dollar funding markets almost three years ago and could at some stage become a catalyst for ending early officials' plans to shrink the U.S. central bank's expanded balance sheet.
August 19 -
Even as companies like Apple make it less crucial to have dedicated payment terminals, Adyen sees a market for two new devices that can build on its strengths in e-commerce.
August 19 -
Wells Fargo bungled the 2020 sale of Occidental Petroleum shares on behalf of an employee trust, leading to millions of dollars in losses when the bank failed to execute trades as planned before the COVID-19 pandemic tanked the stock market, a judge in Texas ruled.
August 19 -
More than half of the nation's 20 largest commercial banks, including Citigroup and PNC, have stopped charging nonsufficient-funds fees, and another four are scheduled to end the practice by year-end. That leaves three holdouts: SVB Financial, Huntington and MUFG Union Bank.
August 18 -
The Federal Deposit Insurance Corp. said that multiple nonsufficient-funds fees charged on the same transaction when consumers don't have enough money in their account could violate the Federal Trade Commission Act.
August 18 -
Zayzoon says that by providing up to half of workers' paycheck early, its clients' employee turnover fell 29%and recruiting rose 79%.
August 18 -
Younger and more diverse leaders may better represent the local community. But bringing new people into the board room requires persistent and targeted outreach.
August 18 -
As regulators mull the Toronto bank's deal for First Horizon and broader guidelines around bank combinations, community groups called for stronger investment commitments from the two banks before they are allowed to merge.
August 18








