Banco Popular de Puerto Rico

Receiving Wide Coverage ...Too friendly?: Jay Clayton, President-elect Donald Trump's pick to run the Securities and Exchange Commission, "is expected to end the streak of aggressive regulators and litigators overseeing the country's top markets," the Wall Street Journal reports, describing Clayton in the headline as "a 180" from the outgoing chair Mary Jo White. The nomination of Clayton, a partner at Sullivan & Cromwell who has represented the likes of Goldman Sachs and Barclays, "signals Republicans prefer an SEC chairman who is attuned to the needs of Wall Street firms," the Journal added. That contrasts with the record of White, "a former prosecutor who presided over the SEC in a period when the agency collected record amounts of penalties and disgorged profits from wrongdoers." Wall Street Journal, Financial Times, New York Times, Washington Post, American Banker

Receiving Wide Coverage ...Corzine settles: Former New Jersey governor and Goldman Sachs CEO Jon Corzine agreed to pay $5 million to settle Commodity Futures Trading Commission charges related to his role in the 2011 collapse of commodities brokerage MF Global Holdings, which Corzine headed. Under the terms of the deal, Corzine must pay the penalty out of his own pocket, not from insurance proceeds, "an unusual step that highlighted that the case was a high priority for the CFTC," the Wall Street Journal said. MF Global collapsed following a large bet on European bonds engineered by Corzine that went sour. Money was then allegedly improperly moved out of the firm. Wall Street Journal, Financial Times, New York Times

Mnuchin to divest; fintech firms may be able to get bank charters

Big banks report; Why Goldman is different

Wells Fargo faces an economic environment that may not be particularly suited for the way the bank is structured. Also: are you brave enough to make bitcoin a part of your retirement portfolio?

As expected, Cecere succeeds Davis at regional bank; OneWest is expected to get most of focus at Treasury nominee's confirmation hearing, but First Federal acquisition also raises questions.

House Republicans charge CFPB director broke federal law in effort to fire him; consulting firms total the costs and savings from technology; German chemist finds the secret behind money's aroma.

Treasury Secretary-designate Steven Mnuchin fended off questions about his past investments and foreclosure practices while discussing policy matters at his Senate confirmation hearing; FHA mortgage bond volume is starting to hit worrisome levels.

Several members of George W. Bush's second-term team are expected to get senior positions at Treasury; Gorman gets a 7% pay hike, while Goldman bonuses shrink.

Wells branch employees knew in advance when bank inspectors were coming; Goldman, Morgan Stanley and JPMorgan execs have sold nearly $100 million in stock during the Trump rally