Banco Popular de Puerto Rico

The bank beat out Barclays to buy the big portfolio from Capital One; banks say they collected $13 billion in fees but spent almost as much setting up and running the small-business program.

Race “was an ever-present factor throughout” Tidjane Thiam’s tenure and may have led to his ouster, New York Times says; the unit offers reloadable debit cards to Walmart, 7-Eleven and others.

The influx of more deposits, even as lending shrinks, could force the largest banks to reserve more capital; Life Plan could help the bank compete better against fintech offerings.

The bank says going green can open the door to more capital; Goldman is shrinking the number of people who make the grade but increasing the rewards for those who do.

The Fed and the OCC both came down on the bank for “significant ongoing deficiencies” in risk management; Wells Fargo's CEO begins his second year on the job with more problems than he started with.

The $7 billion deal follows just days after the Wall Street bank closed on its acquisition of E*Trade; the bonus rate on deposits is tied to how much customers spend on their debit cards.

Big banks are expected to have another bad quarter, but not as bad as Q2, when they took large default charges; the apps have made it a little too easy to transfer money, especially for thieves.

Despite strong third-quarter earnings, both banks aren’t yet ready to call the coronavirus crisis over; Treasury unit tells banks to be on the alert for jobless insurance scams.

The bank has fired more than 100 workers for allegedly making fraudulent applications for SBA disaster loans; credit is holding up well so far, but that could change without more stimulus, Quarles says.

Ray McGuire, a 15-year Citi veteran, is one of Wall Street’s most prominent Black bankers; Morgan Stanley said its quarterly profit rose 25% versus the year earlier period.