Banco Popular de Puerto Rico

More stimulus is required to prevent a longer and deeper downturn, the latest meeting minutes say; the Canadian bank settled with the DOJ and CFTC over metals market manipulation.

The number of originators has shrunk during the pandemic, while portfolio lenders have gotten more picky; scams against consumers jumped by two-thirds during the first half, Barclays says.

But Fannie and Freddie’s regulator isn’t willing to cancel the 0.5% levy outright; how banks respond to the pandemic is crucial to their long-term survival.

Ant Group is likely to be valued at more than $200 billion; investors accused the Danish bank of hiding widespread money laundering at its former Estonian branch.

Fannie and Freddie’s regulator said it will delay imposing the 0.5% fee until December 1; JPMorgan Chase is also making a strategic investment in buyer in the fintech, ConsenSys.

The combined Broadway Federal and City First Bank will have more than $1 billion in assets; the country's cyber capabilities have become "dangerously sophisticated."

The move to largely ignore inflation overshoots is likely to mean low interest rates for years to come; Citi, JPMorgan Chase and Morgan Stanley are underwriting the big Hong Kong portion.

The hedge fund being started by the former acting head of the CFBP aims to bet on financial services stocks; large and small institutions are getting hit from all sides by the pandemic.

Central banks “have conspired to destroy returns” with monetary policy and dividend constraints, the FT argues; JPMorgan Chase hired the Vanguard vet to lead its phone and video-based financial advice unit.

The bank said the museum at its San Francisco headquarters will remain open but the other 11 are history; the investigation will look into regulatory failures that may have ignored red flags.