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Technology that Biz2Credit used to help certified public accountants obtain Paycheck Protection Program loans for their clients is being updated to offer term loans to small-business owners.
December 17 -
The Alabama bank is buying Clearsight Advisors to add to its booming capital markets division.
December 17 -
The Federal Deposit Insurance Corp., which has responded effectively to many external crises, has no playbook for addressing this internal battle on its own.
December 17
Davis Wright Tremaine LLP -
JPMorgan Chase executives were supposed to make sure employee communications were archived for regulatory scrutiny. But for years, even the bosses were using their mobile phones to tap out work-related messages — a practice so pervasive that U.S. authorities dropped the hammer Friday, imposing $200 million in fines.
December 17 -
The Financial Conduct Authority has fined a U.K. unit of HSBC Holdings 64 million pounds ($85 million) after finding “serious weaknesses” in the automated processes it used to monitor suspicious transactions, the latest example of the watchdog’s increasingly assertive stance against the firms it regulates.
December 17 -
The Arkansas bank is working with 10 universities' athletic departments to create programs for women it hopes will one day join its ranks.
December 16 -
The Office of the Comptroller of the Currency released draft “supervisory principles” for banks with more than $100 billion of assets, saying they should account for weather-related risks. Officials said public feedback on the guidelines will help inform more detailed interagency policy next year.
December 16 -
The National Credit Union Administration set a lower target for business trips and additional staffing amid concerns stemming from the ongoing impact of the pandemic.
December 16 -
The Consumer Financial Protection Bureau has ordered Affirm, Afterpay, Klarna, PayPal and Zip to provide information about the potential risks their products pose.
December 16 -
The Canadian lender has held initial talks about an acquisition of BNP Paribas’s Bank of the West unit, according to people familiar with the matter. Bank of the West had a book value of about $13.7 billion on Sept. 30, according to FDIC data.
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