Banco Popular de Puerto Rico

The big mortgage lender now expects to raise only $1.8 billion after originally setting a goal of $3.3 billion; the bill would make reducing racial inequality an official part of the Fed’s mission.

The firm’s software helps automate digital home loan closings; the OCC said the bank failed to implement adequate risk processes before it transferred its customer data to the public cloud.

Debt outstanding and loan delinquencies were already at or near record levels before the pandemic hit; the trend toward greater oligopoly has competition watchers worried.

The FT makes the case for a combination of some of Europe’s worst-performing banks; the privacy watchdog is investigating charges that Barclays is tracking its employees too closely.

Dhivya Suryadevara will help the online payments company as it expands globally; the CEO has kept the bank moving forward during the pandemic while competitors have faltered.

The card account, which has about $3 billion in outstandings, has about a year to run with Capital One; Boston Fed chief says recent virus outbreaks threaten economic rebound.

The 50-basis-point charge drew an immediate backlash from mortgage lenders; Mike Roemer is leaving after two years on the job and will be replaced by Paula Dominick of Credit Suisse Americas.

The company sold major stakes in Wells, JPMorgan, Goldman and others but increased its BofA holding; Shundrawn Thomas says the asset management business needs more Black and Latino representation at the top.

The bank is suing lenders to return $900 million they were mistakenly paid last week; the deal will put the credit card company in the online small-business lending market.

Fannie and Freddie's 0.5% mortgage refi fee might not be the last one as they seek to build capital; a federal judge agrees to freeze money the bank mistakenly paid to lenders.