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Toronto-based BMO Financial is increasing the minimum wage of all U.S. hourly employees as the company begins its absorption of the recently acquired Bank of the West.
February 6
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Regulators are bringing enforcement cases while also proposing wider changes that would alter the industry for years to come. The scrutiny covers pricing discrimination, products that make car purchases more expensive and lenders' handling of repossessions.
February 6
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After decades in public markets, the Rothschild dynasty — one of the most storied names in banking — has decided its flagship bank is best in private hands.
February 6
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The New York Stock Exchange busted more than 4,000 trades in 251 symbols due to an opening auction malfunction two weeks ago. Market participants and analysts recommend automating systems and upgrading technologies.
February 6
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Carlyle Group chose former Goldman Sachs Group Co-President Harvey Schwartz to be its next chief executive as the private equity firm looks to move past a long-running succession challenge.
February 6
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Binance, the world's largest cryptocurrency exchange, said it's temporarily suspending deposits and withdrawals of U.S. dollars using bank accounts, and will work to restart the service soon.
February 6
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Coinbase, Paxos, MetaBank and PayPal all claim the primary purpose exception, which allows companies to place deposits at banks without limits applied to brokered deposits.
February 6
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Townstone Financial in Chicago had been accused of discriminating against certain consumers by trying to discourage them from applying for home loans. However, a judge ruled that federal law protects only actual applicants.
February 6
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Thomas Zernick will become chief executive of the Florida bank when Anthony Leo retires at the start of 2024.
February 6
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One of Germany's greenest banks has quit the world's biggest climate-finance alliance in protest, citing concerns that Wall Street is preventing the group from achieving its stated goal.
February 6
