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The Department of Justice is looking into whether the two dozen banks that facilitated bribes allegedly paid to FIFA officials knew they were doing so. The case is also a test of how much liability banks have over illegal payments they allow.
May 28 -
Toronto-Dominion Bank scrapped plans to open some U.S. branches and will combine other locations as part of a restructuring that cost Canada's second-largest lender C$228 million ($183 million), Chief Financial Officer Colleen Johnston said.
May 28 -
Provident Funding Associates, a private mortgage lender, has agreed to pay $9 million to settle allegations its brokers charged minorities higher fees and interest rates, federal regulators said Thursday.
May 28 -
BBVA has introduced technology that its mobile wallet users in Spain may liken to switching channels on a TV.
May 28 -
U.S. Bancorp could cut jobs if interest rates remain low, Chairman and Chief Executive Richard Davis said at a Thursday conference.
May 28 -
The lesbian, gay, bisexual and transgender community overwhelmingly views homeownership as a strong investment, although worries of housing discrimination persist, according to a new study.
May 28 -
Pacific Premier Bancorp in Irvine, Calif., has named Allen Nicholson chief financial officer.
May 28 -
U.S. banks have posted strong earnings and returned capital to shareholders in a tough environment, positioning them to benefit as the economy improves, U.S. Bancorp Chief Executive Officer Richard Davis said.
May 28 -
JPMorgan Chase will cut thousands of jobs over the next year as it seeks to contain expenses and sells businesses, said a person with knowledge of the plans.
May 28 -
Google plans to release a new mobile payment system called Android Pay, which will include many of the same features as Apple Pay, while the Google Wallet brand will live on as a peer to peer service.
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