-
Receiving Wide Coverage ...Paying the piper: Wells Fargo CEO Timothy Sloan reiterated that the bank expects to spend tens of millions of dollars on investigations and other regulatory matters in the wake of its phony accounts scandal. "I think that seems reasonable today based on what we know. It's the upper end of our range from an efficiency standpoint," he said at a Goldman Sachs financial services conference Tuesday. He also said the scandal could affect the bank's retail banking results this quarter as well as its submission next year for capital returns under the Federal Reserve's stress test and capital-planning process.
December 7 -
JPMorgan Chase, HSBC Holdings and Credit Agricole were fined a total of 485.5 million euros ($521 million) for rigging the Euribor benchmark as European Union antitrust regulators wrapped up a five-year investigation into the scandal.
December 7 -
Mobile wallets can be the single location for not just cards, but a wide variety of financial and customer services that banks provide.
December 7
VirtusaPolaris -
J.G. Wentworth's quirky
Broadway-style ads have made it familiar as a structured settlement purchase company, and as it attempts to grab share in the prepaid market it's looking to lottery agencies to make sure its strategy is no gamble.December 7 -
Mark Schroeder has led the Jasper, Ind., company to six straight years of record profit by sticking to a simple model that emphasizes relationship banking and small, strategic acquisitions.
December 6 -
Texas Capital Bancshares in Dallas has snagged a BBVA Compass banker and promoted two of its own executives.
December 6 -
Santander Consumer USA Holdings in Dallas has named a former president of Ally Financial and a former Treasury Department official to its board.
December 6 -
Cross River Bank, which processes payments and funds loans for fintech startups, says that if such firms got a federal charter, it could help them another way: teaching them compliance.
December 6 -
The Consumer Financial Protection Bureau is planning to finalize its rulemaking on arbitration in early 2017, though it is unclear if the controversial regulation can be completed before President-elect Donald Trump takes office.
December 6 -
The Consumer Financial Protection Bureau is planning to finalize its rulemaking on arbitration in early 2017, though it is unclear if the controversial regulation can be completed before President-elect Donald Trump takes office.
December 6




