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WASHINGTON — Sen. Bob Corker, R-Tenn., dismissed calls Monday by a group with alleged ties to hedge funds to recuse himself from a hearing this week probing the recent enforcement action against Wells Fargo.

The $4.9 billion-asset company said in a regulatory filing Friday that its president and CEO, Ashton Ryan Jr., had relinquished the chairmanship to Shivan Govindan, its vice chairman since 2013.

John Stumpf, responding to allegations that Wells Fargo opened millions of unauthorized accounts, said his bank failed its customers and the American public, according to remarks prepared for the Senate Banking Committee.

Steve Eisman, who profited from the mortgage meltdown, tells an industry crowd why he thinks the financial system is safer under Dodd-Frank, why Silicon Valley is "clueless" about lending and what the next "big short" will be.

Contrary to their stated goals, the Fed's post-crisis regulatory and monetary policies may be contributing to U.S. income and wealth inequality, according to a new paper based on academic research from the Federal Reserve and foreign regulators.

Stripe Inc., the U.S. payment startup backed by Sequoia Capital and PayPal founders Peter Thiel and Elon Musk, is bringing its service to Singapore to help local startups build online businesses.

Virtual currency advocates are hoping a recent surge of support in Congress can help them accomplish a long-sought goal of creating a safe harbor for companies that do not directly hold customers' funds.

MUFG Union Bank has named a head of private wealth management for its northern California and Pacific Northwest region.

The Bancorp is keeping its cards close to its vest when it comes to job cuts it made last week. The move is leaving analysts guessing as to exactly how many people — and what types of positions — were cut.

All eyes will be on Well Fargo Chief Executive John Stumpf on Tuesday as he fights to defend himself before a Senate Banking Committee hearing against charges that he and other top bank executives should have earlier detected and stopped millions of phony accounts from being opened.