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Along with publishing the long-awaited beneficial ownership rule, the Treasury and Justice Departments urged Congress to pass legislation to put the U.S. on par with foreign partners in the fight to curb the flow of illicit funds.
May 5 -
One of the last surviving black-owned banks in Chicago was rescued from its loan-related woes by a Ghanaian-American family.
May 5 -
Cameron and Tyler Winklevoss's Gemini Trust Company LLC has gotten a New York State regulator's blessing to trade another kind of cryptocurrency on its bitcoin exchange.
May 5 -
The $1.6 billion-asset Bar Harbor said in a press release Thursday that it will pay $143 million, or $17 a share, in stock for the $1.6 billion-asset Lake Sunapee.
May 5 -
The finance industry pushed back against a proposal by the Consumer Financial Protection Bureau Thursday that would ban arbitration clauses in consumer contracts.
May 5
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Most of the largest banks are participating in industrywide blockchain standard-setting activities, trying to determine which use cases would improve upon existing technology. That's backward, says Chain, a startup whose product is already being used by banks.
May 5
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Square Inc. reported first-quarter revenue that topped analysts estimates, suggesting the digital-payments business can keep growing amid increasing competition from PayPal Holdings Inc. and Apple Inc.
May 5 -
National Capital Bank of Washington has a named Richard Anderson its new president and chief executive.
May 5 -
Hefty investments in customer-facing technology such as person-to-person payments, mobile check deposit and fingerprint recognition have given big banks a decided edge in attracting and retaining younger consumers.
May 5
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Going forward, Fannie Mae will be relying more on loan guarantee fee income from its single-family and multifamily businesses.
May 5
