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James Herbert, 72, has once again postponed retirement. The longtime CEO was scheduled to step down at yearend, but the company says he will remain at the helm through 2020.
May 10
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Citi says David Madaras sent a profane message that confirmed the name of a confidential client, but he says the messages were read out of order and misunderstood.
May 10
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The U.S. Chamber of Commerce and Union Bank urged the Consumer Financial Protection Bureau on Wednesday to narrow its approach to collecting data on small-business lending, fearing it could add costs and compliance burdens.
May 10
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The London-based bank overbilled customers by nearly $50 million through violations including collecting excess mutual fund fees.
May 10
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Stonegate Bank in Florida figured its balance sheet was too small and undiversified to stay independent. But it was choosy in approaching potential buyers and aggressively scrutinized the lead bidder’s loan book.
May 10
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Kreditech will deliver its artificial intelligence and machine-learning credit underwriting and loan management technology to PayU’s network of 300,000 merchants
May 10 -
Transactions register to driver's license plate to allow real-time updates to be sent to parking enforcement officers.
May 10
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Banks have warmed up to digital wealth management tools but will need to use their human advisers, too, to beat fintechs.
May 10
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Through the bank’s new API, small-business customers can feed their bank data into Xero’s cloud accounting technology.
May 10
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The credit union allegedly denied a 2015 mortgage application from a married couple when the woman was on maternity leave, violating the Fair Housing Act.
May 10
